Portugal real estate summit returns on 29 September
The fifth Portugal Real Estate Summit returns to Estoril on 29 and 30 September with the post-pandemic economic recovery in the market topping the agenda.
The summit organised by Iberian Property is the biggest meeting of international real estate investors on the Iberian peninsula.
The event will have a strong networking component while speakers will discuss a roadmap for economic recovery on the Iberian peninsula, with a special focus on the various sectors of the real estate business.
Investors have signed up from 12 countries such as Spain, Belgium, the United Kingdom, Germany, Netherlands, Switzerland, France, Italy, the United States, Canada and Brazil, including some of the main global investment houses, demonstrating that investors continue to have an interest in the Portuguese market.
One of the issues on the table for discussion may be the lack of product in logistics and built-to-rent in the Portuguese market.
Despite interest in the market continuing to be strong, the lack of available product in these two areas will, according to consultants Cushman & Wakefield, block some real estate investment in Portugal.
Cushman & Wakefield suggests from its research that there could be a fall of around 27% in investment after the market enjoyed one of the best years ever in 2020 with around €3Bn of investment, mostly from overseas.
Dominique Moerenhout, CEO of EPRA will kickstart the edition with an overview of the European market after the pandemic crisis.
EPRA – European Public Real Estate Associations the entity that incorporates the REIT’s industry in Europe.
According to data for the 2nd quarter of 2021, the total value of real estate listed in the more developed European markets stood at $US598Bn, with Germany in the lead with $US144 followed by the United Kingdom ($US104Bn) and Sweden ($US103Bn).
Portugal is one of the countries that is included in that list of developed markets although its share in the market, according to EPRA, is under $US 100 million.