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Cushman & Wakefield predicts a year of recovery for the Portuguese real estate market

03/01/2022

Cushman & Wakefield presented today a summary of the real estate market activity in 2021 and a preview for 2022.

According to Eric van Leuven, Head of Portugal, "2021 was a year of recovery for the Portuguese real estate market. Given the weak activity in the first half, the commercial real estate investment market is expected to close at €2,000 million, a drop of 30% compared to 2020. The occupational market, on the other hand, revealed a recovery in demand, although with different behaviors between the different segments. As for Cushman & Wakefield's activity in Portugal, we obtained a very positive result, considering the challenges we continued to face. Most of the departments recorded good turnover levels and we were, once again, distinguished as the best real estate consultant in Portugal, awarded by the prestigious international publication Euromoney, together with the awarding for the best national consultant in terms of transactions and research”.

 

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