Even with the “challenges that we all face today”, with the
increase in construction and fuel costs, the impact of the rise in the
inflation rate and the uncertainty and complexity of the Ukraine/Russia
conflict, the real estate market in Portugal should “continue to lead the way
in the international projection of our country”, according to a report by
idealista/news.
This is the opinion of Pedro Lancastre, CEO of JLL Portugal.
The official considers that the path taken in recent years, of diversification
in terms of sources of demand, segments, locations and origin of investors,
will no longer come undone.
“Portugal is definitely on the real estate world radar and
has proven, more and more, that it is a market prepared not only to face
challenges, but also to be at the forefront”, adding that "national real
estate has come a long way, but we still have many kilometres to discover.
(...)".
“This is a sector that has already proved its resilience and
attractiveness, facing, with distinction, different economic cycles over the
last two decades and showing that it has the ability to reinvent itself”.
This is great news for my investment properties (and of course my home in Cascais). I salute the Portuguese government for attracting more and more foreign capital to the country, which ultimately benefits everyone in one way or another, such as job creation. Bravo.
By Chuck Yeager from Lisbon on 27 Jun 2022, 18:36
Great! Portugal will build more houses for non Portuguese people. Where is their drinking water coming from?
By David Clark from UK on 28 Jun 2022, 09:45
So in a country where water is scarce and the infrastructure old, how can you honestly sustain continual growth. You will push the Portuguese people out to the hills only for replacement by tacky foreigners who want their skinny lattes. Sustained building will kill the villages and towns and needs addressed ... its a sorry state in the Algarve already !
By Russell Biggart from UK on 29 Jun 2022, 16:59
Great to make thousands and bad for people who are... Portuguese.
Normal salary people can't buy an house due to all this speculation.
In the near future, If this still continues the country will have serious issues.
By Marco from Other on 29 Jun 2022, 19:46