Investment should close the year "above recent years’ average"

Investment should close the year "above recent years’ average"

Despite the estimate for the whole of 2019 being inferior to that of last year, Savills believes the market will perform above average: «despite the expected decrease in investment for 2019, the market’s dynamic should be maintained, and the year should close above the average of the last 5 years, between 2.500 and 3.000 million euro. The keeping of the interest rates at historically low levels maintains the real estate sector naturally attractive», highlights Alexandra Gomes, Senior Analyst of Research Department at the consultant.

Until June, the hotel segment was the most dynamic, representing 38% of the volume invested, for a total of 396 million euro spread across 6 transactions, namely the purchase of Minor’s portfolio, which includes hotels Avani Avenida da Liberdade, Tivoli Avenida da Liberdade and Tivoli Oriente for 312 million euro by Invesco.

The retail segment represented 315 million euro and the office segment 244 million euro.

National investment skyrockets

The consultant highlights that American investors represented the larger share of investment for a total of 356 million euro, followed by the German investors with 220 million euro.

But the spotlight goes to the «very significant» increase in Portuguese investment, which represented 150 million euro, compared to the 55 million euro invested during the same period last year.

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