Investment in commercial real estate over €3Bn for 2022

Predictions to the amount of investment in commercial real estate suggest the figure could be over €3Bn in 2022, while the residential housing market could grow 10%.

This is according to a forecast from the real estate consultants CBRE released on Thursday (27 January).
CBRE predicts that the turnover in investment in commercial property could be as much as €3.7Bn in Portugal in 2022, an increase of between 30-40% on 2021.
The consultancy believes that the sector could register amounts recorded for the pre-pandemic period, and doesn’t expect inflation to have a significant negative impact given the high amount of liquidity already raised by investment funds.
In the residential market, CBRE points to a 16% increase in the number of houses sold in 2021 on 2020, and 10% compared to 2019.
For this year, the consultants estimate a 10% increase in the number of houses sold, with particular focus on Alta de Lisboa and Marvila, and Campanhã in Porto, but also in the peripheral areas such as Almada, Loures, Maia, and Vila Nova de Gaia.
CBRE says the changes to the Golden Visa programme will put a brake on urban rehabilitation projects in Lisbon and Porto, but could act as a stimulus for a growth in opportunities in low population density areas like Comporta, Douro and Alqueva.
The growth trend will continue to be felt in the logistics segment, with CBRE estimates pointing to a take-up rate of 300,000m2, above the average 220,000m2 seen between 2016 and 2020.