Cushman & Wakefield published another edition of the COVID-19 Portugal Market Update, a publication that analyzes the implications of the current pandemic in the various sectors of the Portuguese real estate market - offices, retail, industrial / logistics, hospitality, residential and investment.

The document summarizes the most relevant government measures for the various areas of activity, giving an insight into the current and future implications. Below, we highlight our vision for each sector.

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Residential (in collaboration with Porta da Frente)

Despite the current crisis having impacted the conclusion of business, mainly by foreign buyers, national demand managed to sustain demand levels. The correction in the sale prices of apartments that had been registered since 2019 was accelerated by the effects of the pandemic, registering last year falls of 3% in Lisbon and 6% in Porto.

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Investment

The investment in 2020 historically reached the third largest volume of transactions with € 2,800 million, highly influenced by three major businesses.

Owners, banks and investors have been scrutinizing their asset portfolios and new business opportunities. International investors remain active in Portugal, with a higher incidence of unstructured off-market businesses, despite the uncertainty about the performance of some assets in the near future.

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