Between January and March, real estate investment in Portugal – outside the urban areas of Porto and Lisbon – reached 599 million euro, four times higher y-o-y.
Investing in other Portuguese cities has been increasing during last year. The data from the latest Other Portugal Report from Iberian Property shows that the number of deals trebled and that last year’s final quarter was the best of the last 12 months, with 990 million euro invested, 40% higher than during the first months of the year.
This first quarter result is explained by the conclusion of the sale of all Real hotels owned by Grupo Bernardino Gomes to Palminvest. The units located in Algarve alone should represent an investment of around 174 million euro, according to Iberian Property. Another relevant operation was carried out by American giant Cerberus which acquired an office portfolio from Portuguese Finsolutia for 155 million euro.
During last year, decentralised investment in Portugal was more focused on retail – which represented almost 41% of all investment –, and alternative assets (30%). The office and hotel segments had a similar weight on the market (14% each) and logistic had the least demand with only 0.8% of all decentralised investment.
Asset managers and investment funds invested the most on the Portuguese "secondary regions" (57%), followed by private equities (28%) and development companies (13%).
All the information is available at the Other Portugal Report from Iberian Property which can be downloaded HERE.
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Disclaimer: This information is based on public data gathered within the platform Iberian Property Data. All estimates were calculated based on registered public information and data from the main consultants within the market. It should be noted that multi-location portfólios are included in this analysis if there are no data available that allows Iberian Property to estimate the exact investment value for each location. The results presented here may be updated if new information is issued.