Despite the pandemic, Portuguese investment volumes did not fall back as they might have done this year. To the contrary, in the first three quarters the volume was about €2.3 billion, actually higher than in the same period last year, explains Eric van Leuven, managing partner of Cushman & Wakefield Portugal.
Speaking during the recent Lisbon REinvestment Talks, an online event on RealX.Global organised by Iberian Property and Real Asset Media, van Leuven explained that the figure to date has been amplified by a number of large deals which actually comprised around 60% of the total.
For the remainder of the year, deal totals will probably be lower than in the same period in 2019 and the end-year figure will be €2.7bn to €2.8bn, against last year’s €3.3bn – less, but not dramatically so, van Leuven adds.
And there are still funds in the market, especially German and Portuguese core funds with offices, logistics and private rented residential high on their lists.
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