Cushman & Wakefield today presented the most recent data on commercial real estate investment activity in Portugal. The year 2021 will undoubtedly be marked by the strong impact of the pandemic on the sector, with a drop in the volume of investment in the first half of the year of around 69%.
Between January and June, €556 million in real estate assets were transacted in Portugal, much less than the €1,812 million traded in the first half of 2020. It should be noted, however, that the first half of last year was the best ever in Portugal, largely due to two large transactions that strongly influenced the numbers.
Everything indicates, that the gradual resolution of the pandemic situation will make its effects felt in the market this year. Estimates for the volume of investment at the close of 2021 point to around €2,150 million in transactions, a figure that implies a drop compared to 2020 of aprox. 23%.
