Cushman & Wakefield MarketBeat reports analyse quarterly Portugal commercial property activity across office, retail and industrial real estate sectors including supply, demand and pricing trends at the market and submarket levels.
Moody’s estimates a GDP growth of 6.4% for Portugal in 2022, followed by a slowdown to 0.9% in 2023. This growth will be predominantly driven by exports and further fueled by a revival in the tourism sector. A recovery in private consumption is expected for this year, surpassing 2021 by 5.0%. Inflation is currently forecasted to rise by 7.9% in 2022, and then grow more moderately by 5.5% in 2023 and 1.6% in 2024.
Get the full Portugal property market picture with all the market data by downloading the reports.
Portugal MarketBeat Snapshot Reports
Andreia Almeida • 29/11/2022
Author
Current Marketbeats - Q3 2022
Portugal Industrial MarketBeat
During the third quarter of 2022, 23 new occupancy deals in a total of 126,250 sq.m were transacted in Portugal. were transacted in Portugal. The take up volume until September reached 331,420 sq.m, representing a year on year (YoY) decrease of 19%.
Portugal Investment MarketBeat
Some of the largest deals, which were initially foreseen for the second quarter of the year, slipped to the third quarter, with €1,086 million transacted and reaching a total volume of €1,700 million between January and September. This reflects a year on year increase of 30%.
Lisbon Office MarketBeat
The Greater Lisbon office market registered 57 new lease deals in a total take-up volume of 79,570 sq.m in Q3 2022. With a total of 162 deals until September, the year-to-date volume stands at 247,910 sq.m surpassing already the 2021 annual take-up and representing a year-on-year (YoY) growth of 209%.
Porto Office MarketBeat
The Greater Porto’s office sector registered a take-up of 14,940 sq.m in the third quarter of the year, with 16 new deals. The take-up volume until September reached 45,230 sq.m with 51 new deals, representing a year-on-year (YoY) growth of 34%.
Portugal Retail MarketBeat
During Q3 2022, the retail market registered the completion of 9,200 sq.m of GLA, considering the completion of one retail park, Lagos Retail Park and the refurbishment and expansion of Albufeira Terrace.
MORE INSIGHTS
Insights • Industrial
The Most Disruptive Decade in Supply Chain History: Six Key Trends to Watch
No other decade has been as disruptive to the supply chain as the 2020s have been thus far thanks to pandemic-induced market volatility and subsequent economic challenges. Here are six supply chain trends to watch.
Benjamin Harris • 13/09/2022