Investors still positive about Portugal’s possibilities: CBRE
The Portuguese real estate market may not be protected, but it is in a slightly better position than many regions stated CBRE Portugal’s head of capital markets, senior director Nuno Nunes.
Nunes said this is the message he is hearing from all of the investors when they visit.
“The market is still quite positive and we are still getting a lot of interest from international investors. The fundamentals for most sectors are still quite solid,” he added.
Demand for office and logistics property is clearly greater than supply and in the retail market, shopping centres have recovered to pre-crisis levels. “Actually, already in some cases the best shopping centres are posting numbers which resemble the good old days of retail,” Nunes said
Many sectors which are mainstream elsewhere in Europe are still alternative in Portugal. Nunes includes purpose-built student accommodation, senior living and healthcare in this. “The main operators are trying to take advantage of a still active investor market in a more difficult financing market, so we will see some activity there.”
Even the real niche sectors such as data centres and self storage are starting to gain traction in Portugal, Nunes explained.
Please click on the video above to watch the full interview or listen to the podcast below.