Andreia Almeida, Head of Research at Cushman& Wakefield is the one who said it, and assumed that «despite the lack of bank financing, there is still a great appetite for the Portuguese real estate market». This view was shared during the latest initiative from the consultant "Covid-19 Impacts for EMEA Real Estate".
New investment opportunities may appear in different real estate segments, boosted by the need to generate liquidity fast. Currently the most impacted segments in a country «that rely heavily on tourism» are retail and hotels, «but the impact caused by the pandemic is expected to reach the entire real estate sector», she assumed.
The Head of Research at Cushman& Wakefield confirmed that most deals have been suspended, but she also revealed that deals which are at an advanced stage are still on the table.
In general, «the real estate market players are adopting a cautious approach» towards the current crisis. But the measures which have already been announced by the Portuguese Government should help mitigate the impact of the virus on the real estate market.