Market 360º 2019 S1
The Report Market 360º 2019 1S reviews the performance of real estate, office, retail, investment, development, residential and hotel markets in the first half of 2019.
After a year of so much activity and excitement where many records where hit in almost every real estate sector, the 1st semester brings a “new normal”.
The route remains strong, still growing on higher levels but, naturally, smoother. The semester started mild but remained with a strong level of investment (over 1 billion euros). In the residential market, the prices in Portugal keep growing, however, Lisbon is already giving signs of slowing down… or, better, of “normalization”, since the growth maintains at two digits (11%). Apartments are still being sold at a strong pace, there is more construction and in the used homes segment there is also an effort for price adjustment. In the office sector, the occupancy remained very dynamic and after some resistance during the semester, it got to June at 16% at 110,000 sqm, above 2018 figures. In retail, high street retail remains as the most important engine, with a vast demand for stores and extension to zones adjacent to prime zones. Shopping centres are watchful of client’s needs, making significant renovations in big projects of national reference. And in the hospitality sector, the occupancy indicators remain robust, powered by a strong flux of tourists, consequently generating a growing interest by investors for this sector.