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Market Pulse Portugal Q3 2015

​The growth prospects of Portuguese economy remained in the third quarter. In the Legislative elections, the current coalition achieved a victory, remaining doubts if it will get parliament support. In the first three quarters of 2015, the total investment in commercial real estate reached a volume of 1,142 M€. 2015 is expected to be a market record year. The prime yields have decreased once again. The office market grew 37%, when compared to the same period of last year, boosted by a very active third quarter. The prime rents reverse the drop cycle with the first increase in Prime CBD and Parque das Nações. In the retail market, the confidence level is increasing, having a positive impact both in high street retail and in prime shopping centres. In the high street retail market, the vacancy rate in the main axes is significantly reduced, resulting in the increase of rental levels. 

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