“Spring Study” of the Real Estate Market in Portugal
The new study by the British company Savills revealed surprising numbers of the Portuguese real estate market again:
- The first quarter of the year had an incredibly low availability of office space (5.96%).
- In the first quarter again, seven new hotel units and three inaugurations of rebranding hotel projects are already open.
- Student Housing is one of the segments that have gained relevance, strongly driven by the growing foreign population studying in Portugal.
- And effectively confirmed: in 2018 a real estate investment volume of 3.2 billion euros was registered, 77% more than in 2017
The new Investment Market’s Stars (“Alternative”)
With the evolution of macro trends, such as the increasing connectivity, mobility, conscious consumption, or instant gratification, for instance, new companies are growing and becoming new players in the investment areas.
Organisations such as Uber, Glovo, Ebay or MBway seek to invest in alternative asset classes. These alternatives are associated with new trends such as Student Housing, Co-living, Co-working or Serviced Apartments.
Other trends such as Built-to-Rent, Senior Living, Co-working and hybrids – which tend to bring together many of the trends in a single space – are also gaining more and more supporters, posing challenges to real estate professionals through this new offer.