Study reveals Portuguese real estate market stable in 1st quarter of 2024.
Stable performance has been observed not only in the commercial real estate market, but also in the residential, hospitality, retail, and logistics transactional segments.
Portuguese real estate market with stable performance in the 1st quarter.
According to JLL's quarterly Market Pulse study, the real estate market in Portugal recorded stable performance in the first quarter of 2024.
The conclusions of the report were shared in an article by Notícias ao Minuto, and reveal that this stability was observed "both in the commercial investment market, and in the transactional segments of housing, hotels, retail, and logistics".
There was, however, one exception: the office sector, where activity grew significantly compared to the previous year, as mentioned in the news.
"It is worth noting that, in part of the sectors analyzed, the scarcity of available supply for immediate occupation continues to create conditions for the growth of prices and rents, even in a scenario of less expansive demand," says the study, according to the publication.
If you are looking for a house to buy in the Portuguese real estate market, using housing credit, we can help! Agents from Poupança no Minuto offer free credit intermediation to mediate your process, making it easier and finding the best market proposal for you.
Start your process here, simulating your new mortgage credit: