{"id":9894,"date":"2024-04-16T15:05:07","date_gmt":"2024-04-16T15:05:07","guid":{"rendered":"http:\/\/mafavis.pt\/2024\/04\/16\/portugal-among-the-most-sought-after-destinations-for-real-estate-investment-in-2024\/"},"modified":"2024-05-28T17:34:47","modified_gmt":"2024-05-28T17:34:47","slug":"portugal-among-the-most-sought-after-destinations-for-real-estate-investment-in-2024","status":"publish","type":"post","link":"https:\/\/mafavis.pt\/en\/2024\/04\/16\/portugal-among-the-most-sought-after-destinations-for-real-estate-investment-in-2024\/","title":{"rendered":"Portugal among the most sought-after destinations for real estate investment in 2024"},"content":{"rendered":"\t\t
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Global real estate investment is expected to increase in 2024, reaching a peak in the third quarter, anticipates Savills World Research, which points to Portugal as “one of the most sought-after destinations due to its tourism potential”.<\/p>\n

“Savills researchers<\/em> predict a more positive real estate investment environment in 2024, with 57% on average expecting a moderate to strong increase in investment activity in the coming year, although this figure rises to 70% of respondents for multifamily<\/em> residential properties [multifamiliares] and to 66% in terms of industrial and logistics real estate,” said the international real estate consultancy in a statement released this Thursday.<\/p>\n

Thus, Savills expects “investment<\/a> activity to pick up in the third quarter of 2024, with the recovery being driven by a number of key markets, including the US and UK”.<\/p>\n

The real estate consultant is “more optimistic about activity in global residential markets, particularly in the sector multifamily<\/em>, where demand outstrips supply in many areas, and in the logistics sector, driven by its strong fundamentals”: 90% of researchers<\/em> from Savills forecast increases in the value of leases in the segment multifamily<\/em> and 81% expect increases in the overall residential market.<\/p>\n

In the logistics segment, 92% of respondents expect rental values to rise or remain stable, in a context of resilient consumer demand and an expanding production base after the Covid-19 pandemic.<\/p>\n

For the office and retail<\/em> , most of the researchers <\/em>from Savills anticipate “stable or rising rental values in the housing market prime<\/em>“, whether it’s prestigious office space in city centres (73% predict an increase in values) or quality retail outlets with a strong influx of domestic visitors or tourists (81%).<\/p>\n

In the secondary office market, 70% of respondents expect values to remain stable or fall next year, and “any rent increases will likely depend on the upgrade of these properties”.<\/p>\n

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Quoted in the statement, the director of Savills World Research, Eri Mitsostergiou, says that “2024 is expected to be a much better year for real estate investors globally, with a sustained recovery expected as growth rates yields<\/em> become more attractive, the rents prime<\/em> and the revaluation of prices begins to realign the expectations of buyers and sellers in markets where this has not yet happened.”<\/div>\n<\/div>\n

In turn, the head of research<\/em> at Savills Portugal, Alexandra Portugal Gomes, says that, “for 2024, the projections are slightly more optimistic, still with a very careful risk analysis by investors”<\/strong>.<\/p>\n

“We will certainly continue to see greater diversification of portfolios as a strategy adopted by investors, directing their investment to alternative segments such as residential, senior living<\/em>, healthcare<\/em> and student housing<\/em>. In addition, ESG criteria and decarbonisation will also take on a major prominence, as investors become more aware of environmental, social and governance aspects, they will look for assets that offer a high financial return and are aligned with their values,” he adds.<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

According to Savills World Research, global real estate investment is expected to increase in 2024 and Portugal will be “one of the most sought-after destinations due to its tourism potential”.<\/p>\n","protected":false},"author":1,"featured_media":9787,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[],"class_list":["post-9894","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog-en"],"_links":{"self":[{"href":"https:\/\/mafavis.pt\/en\/wp-json\/wp\/v2\/posts\/9894","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mafavis.pt\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mafavis.pt\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mafavis.pt\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mafavis.pt\/en\/wp-json\/wp\/v2\/comments?post=9894"}],"version-history":[{"count":1,"href":"https:\/\/mafavis.pt\/en\/wp-json\/wp\/v2\/posts\/9894\/revisions"}],"predecessor-version":[{"id":9895,"href":"https:\/\/mafavis.pt\/en\/wp-json\/wp\/v2\/posts\/9894\/revisions\/9895"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mafavis.pt\/en\/wp-json\/wp\/v2\/media\/9787"}],"wp:attachment":[{"href":"https:\/\/mafavis.pt\/en\/wp-json\/wp\/v2\/media?parent=9894"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mafavis.pt\/en\/wp-json\/wp\/v2\/categories?post=9894"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mafavis.pt\/en\/wp-json\/wp\/v2\/tags?post=9894"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}