There are currently wide ranging investment opportunities in Portugal according to José Araujo, manager, real estate, Millennium BCP.
Speaking during the recent Lisbon REinvestment Talks, an online event on RealX.Global organised by Iberian Property and Real Asset Media, Araujo explained that around cities there is considerable demand for residential property as potential home owners seek a less costly alternative to living in urban centres.
As is the case elsewhere in Europe there is also strong demand for last-mile logistics property where distributors want to be close to consumers.
Offices are still in demand too, as not everyone can work from home. But Araujo points out that office space does now need to be considered differently and reconfigured for safety during the pandemic.
And while the hospitality sector and some large shopping centres are currently constrained, Araujo says that local shopping is doing rather better.
Click on the video to watch the full interview.