Cushman & Wakefield has published the 45th edition of Marketbeat Portugal (Autumn 2025), a report that summarizes the performance and trends of Portugal’s real estate market throughout the year.
According to the report, commercial real estate investment in Portugal reached €1.26 billion in the first half of 2025, reflecting a 70% year-on-year increase and marking the strongest half-year performance in the past five years. If this momentum continues, 2025 could surpass 2024, signaling a potential market recovery.
The five largest transactions accounted for half of the total investment volume, with over 40 deals completed and an average transaction value of €29 million. Retail and Hospitality were the standout sectors, attracting 47% and 27% of the total capital invested, respectively. Foreign investment remained dominant, representing 65% of the total, with European investors contributing 90% of that amount. Notably, Spain and the United Kingdom were responsible for more than half of the international capital.
