There is more ‘prudent optimism’ today in the market, António Gil Machado, Director, Iberian Property tells Real Asset Insight.
In terms of the data, ‘the first quarter was very high level with an important volume of deals, so 2020 was really really looking promising’ says Machado.
The second quarter was a different story with deal volumns significantly lower despite some big transactions.
Hotels are a major concern and the other concern is retail but Machado is feeling more positive as – particularly in Portugal – ‘People are not sightseeing in shopping centres.’
But, Machado says, the winners are residential, both rented and affordable, and logistics.
Click on the video to watch the full interview or listen via the podcast below.