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.
After a strong recovery in 2022, Portugal’s economy is expected to slow down in the near term. According to Moody's Analytics, Portuguese GDP growth will slow down to 1.3% in 2023 (after 6.7% in 2022), followed by a recovery in 2024 (+2.8%) and 2025 (+2.2%). Inflation increased to 7.8% in 2022 and it is expected to gradually moderate to 5.2% in 2023 and 2.4% in 2024. Unemployment stabilized at 6.0% in 2022 and is expected to increase to 6.6% in 2023, recovering to 6.2% in 2024.
Get the full Portugal property market picture with all the market data by downloading the reports.