Portugal - The Property Perspective February 2019
The Property Perspective report presents an analysis of the investment and occupier market over 2018 in the office, retail, logistics, residential and hotel sectors; and highlights the 2019 forecasts and trends:
- In 2018, investment in income properties reached a historic record volume of 3.5 billion Euros in Portugal. There were no changes in prime yields.
- The office market also surpassed the top expectations, with significant occupation in Lisbon (+24%) and in Porto (+171%). The CBD prime rent increased 10% in Lisboa and 21% in Porto, to €22 and €17/sq m/month, respectively.
- Supply in the residential market continued to be insufficient vis-à-vis demand, driving substantial growth in prices (of 10%).
- In the hotel sector, overnight stays stabilised, and occupancy rates decreased slightly. However, RevPAR increased 4%.