Lisbon attracted 59% of the total amount traded during the first eight months of 2022, equivalent to more than 1.035 million euro, also leading the number of operations (24). This figure represents an increase of 64% compared to the 631 million euro invested in 2021 in the region (corresponding to a 53% market share).
Contrarily to what has been identified by Iberian Property’s analysis over the last few editions, the greater diversification of investment targets that was evident throughout 2021, did not apparently transited to 2022, and the second largest city in the country, Porto, dropped considerably the total investment share attracted in 2022 (6%), registering approximately 98 million euros whereas in the same previous period it had captured approximately 167 million euros, 14% of the total.
The Algarve region also suffered a significant step back in capital attraction during the first eight months of the year. While last year the region proved to be the great revelation with nearly 189 million euro invested, in 2022 this figure stands at 90 million euro achieved in 3 operations, placing the region in third place with a 5% share.
The remaining 30%, or 540 million euros, channelled to real estate investment in Portugal until the end of August was distributed across the rest of the country, what can partially be explained by some large portfolios transactions whose asset locations could not be identified.