Real estate investment in Portugal soared by 78% year-on-year in the first half of this year, reaching 1.23 billion euros, according to data from real estate consultancy CBRE.
The company stated, “Commercial real estate investment in Portugal continues to show clear signs of growth in 2025.”
CBRE attributes this increase to a strong investment recovery in 2024, noting, “despite a year marked by the slowdown caused by the interest rate shock, the first half of the year still showed relatively low investment levels compared to the second half.”
Conversely, “the first half of 2025 recorded a significant investment volume, driven by a series of high-value transactions in the retail and hospitality sectors — which have been the main drivers of investment in Portugal for the past three years,” the entity emphasized in the same statement.
The group also assured that it “closely and continuously monitors the investment market dynamics in Portugal.”
CBRE’s forecast at the beginning of 2025 projected “a total investment volume in Portugal around 2.5 billion euros, which would represent a growth of about 8% compared to 2024.”
However, “based on the strong performance registered in the first half and the projects currently on the market, we anticipate, with a high probability, that the transaction volume in 2025 will exceed the initial projection, resulting in growth beyond the initial estimate,” it indicated.
According to CBRE data, Portugal is a country “especially open to foreign investment, and commercial real estate is no exception,” with more than three-quarters of investment in Portugal over the last decade coming from international investors.
The statement highlighted that following a series of surveys, there is a “return of optimism in European real estate investment markets, with more than 90% of European investors expecting to maintain or increase their acquisition activity this year.”
Additionally, CBRE noted, “For the first time since this study started, Portugal ranks among the top European investment destinations.”
“The first half of 2025 confirms the sustained attractiveness of the commercial real estate market in Portugal. Investors continue to focus on sectors with solid fundamentals, such as retail and hospitality, benefiting from more favorable financing conditions. Increased national liquidity and European prominence boost confidence in an even more dynamic second half,” said Francisco Horta e Costa, Managing Director of CBRE Portugal, in a written statement sent to Lusa.
