The WOutlook Q3 on Portugal’s Commercial Real Estate Investment Market brings together the latest market data and provides periodic quantitative forecasts for the key commercial real estate investment indicators.
Commercial real estate investment in Portugal reached €2.1 billion by the third quarter of 2026, representing an 11% increase year-on-year. Based on the forecasts of the Research and Capital Markets departments, the report estimates that full-year investment will reach between €2.6 billion and €2.75 billion.
Against a backdrop of international economic and geopolitical uncertainty, Portugal continues to establish itself as an investment destination. International investors account for 68% of total investment, while the retail and hospitality sectors represent approximately 59% of the investment recorded up to the third quarter.
The forecasts point to a resilient market, with prime yields expected to remain stable or experience moderate compression. A recovery to pre-pandemic investment levels is expected in 2027.
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