According to the JLL’s . Market Pulse study, After a more restrained start at the beginning of 2022, investment in real estate & tourism soared in the third quarter.
According to the document, tourism continued to recover at a good pace, with the main performance indicators at the end of the third quarter of 2022 not only “far exceeding” the levels of activity recorded in the last two years but, in most cases, having already recovered to levels very close to 2019, a year that marked new records in this market.
The residential market also continued to show a resilient performance in the 3rd quarter, with prices continuing to rise and sales stabilizing. Demand is active from domestic and international investors, rapidly absorbing new supply as it arrives, as seen in the growing number of pre-booked units as soon as a project is launched.
The Portuguese real estate market continues to evolve very positively, despite the macroeconomic environment and conditions, recording significant growth in virtually all transactional segments, proving not only its resilience but also the reason for being one of the preferred asset classes for investment. There is no doubt that 2022 could be one of the best years ever for the sector.