Investment in Retail & Commercial Real Estate Falls to Multi-Year Low in Portugal

8 May 2019Richard D. K. Turner

The Jornal de Negócios ran an article yesterday stating that there had been a total €44.5 billion of investment in commercial real estate in the first three months of 2019.  According to the consultancy Real Capital Analytics, which originally published the data, the figure is equivalent to a drop of 32% y-o-y, and the lowest total since the first quarter of 2013 and well below the first-quarterly average of 71 billion euros.

The consultancy added that it believes the results are due to political uncertainty and slowing economic growth.  The slowdown is also reaching the retail real estate sector, partially due to increasing investments in e-commerce.  Sales in that market fell by 62% to a ten-year low. The residential market has performed better, but analysts are pointing to the potential for falling growth in that sector as well.

Original Story: Jornal de Negócios – Pedro Curvelo