He further comments in the most recent edition of Prime Watch, a report published by the consultancy analysing the performance of Portuguese real estate, which shows that Lisbon has recorded a strong demand by those investors who seek to diversify their portfolios, in the «climate of great care felt internationally».
In this context, just in commercial real estate, Portugal attracted 1,300 million euros of investment in 2016, 86% from abroad, with the office sector in the lead, with 46% of completed transactions, overtaking even retail, traditionally the dominant sector.
Jorge Bota pointed out that «the scarcity of supply of quality space has resulted in other places being looked at, like Porto and other cities, which could limit this dynamic in the Portuguese economy. This situation is fully and openly expressed in Prime Watch».
The report also adds that monies being managed by property investment funds in Portugal are continuing on a downward trajectory for the 4th consecutive year, the consequence of a strategy for selling assets, in both open and closed funds, which «reveals that both are in the role of sellers, taking advantage of the compression of yields and investor interest s» in the country.