As part of our One Stop Advisor strategy, and supported by the profound knowledge of the real estate commercial market of our Research and Capital Markets departments, today we launch the Outlook Q3 2022, concerning the 3rd quarter of 2022 in the Commercial Real Estate Investment Market in Portugal.
In this Outlook we share some relevant data of the Portuguese economy and we make a detailed analysis of the Commercial Real Estate Investment Market in Portugal.
The main highlights from Outlook Q3 2022 are:
• The Portuguese economy should still continue its recovery path in 2022, with a growth of 6.7% as foreseen by the Bank of Portugal. As of 2023, the economic activity is expected to substantially slow down given the macroeconomic context, to 0.7% growth according to the International Monetary Fund.
• Commercial real estate investment in Portugal exceed a volume of €1,660 million in Portugal (+35% YoY) up to September.
• In the current context, investors are adopting a “wait-to-see” approach and will enter a “price discovery” process, alongside with an expected decompression in all sectors (following the increase of interest rates and risk-free). This may affect 2023 CRE investment volume, especially in the first half of the year.
If you want to know more and consult the full Outlook Q3 2022 report, download it now in the Research area of our website.