CBRE Portugal Real Estate Outlook 2021
The Covid-19 pandemic has radically changed our lives and accelerated various trends, namely in terms of work and consumption habits.
Throughout this report, we present the main trends we expect for the real estate market over 2021. The market will register uneven sector speeds. The logistics sector will display a great boost; offices are likely to present some resilience; tourism will start to recover as soon as there is an efficient vaccination rollout; and retail will be highly dependent on the country’s economic progress, while continuing the transformation process that was underway before the pandemic.
Our expectations assume that the Covid-19 pandemic will be controlled along the year, but forecasts are still subject to a high degree of uncertainty regarding the Portuguese economy recovery and consumer purchasing power evolution.