The WOutlook on the Commercial Real Estate Investment Market in Portugal now includes, for the first time, regular quantitative forecasts of the key indicators for the commercial real estate investment market in Portugal.
The report points to the strongest first quarter since the post-pandemic period, with €915 million invested in commercial property, and forecasts a total volume of between €2.8 billion and €3 billion by the end of the year, according to projections based on the in-depth knowledge of the Research and Capital Markets departments.
Against a backdrop of high uncertainty in the global economy, the Banco de Portugal projections suggest that the energy shocks arising from the Middle East conflict, which have a direct impact on inflation, will dissipate in the short term, leading inflation to converge towards 2.0% by 2028 after reaching 2.8% this year.
Assuming the same scenario, the impact on commercial property investment is estimated to be relatively limited until 2026, also supported by the Iberian ‘halo’ effect, postponing the recovery to pre-COVID levels until 2027.
Download the report here!