Spotlight: European Office Development
Rising construction costs squeeze developer margins, but rental growth outlook remains positive
Read now![](https://research.euro.savills.co.uk/_images/euro-office-dev-jun24-main.jpg)
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Rising construction costs squeeze developer margins, but rental growth outlook remains positive
Read nowSavills presents the Portugal Real Estate Market Overview | Q1 2024, providing you a detailed analysis of the performance of the national real estate market during the first quarter of the year.
Read now"We anticipate increasing activity driven by opportunity-led investors enticed by the prospect of price adjustments, as history shows that deals pursued during challenging times often yielded superior returns in the long run"
"Vacancy at 6.25%, sheltered by a diminishing speculative pipeline"
"New build take-up accounted for 81% of the market as operational efficiencies and ESG increase in importance"
"Vacancy rate at 6.99%, yet still just 0.83 years’ of supply given past take-up"
"Vacancy rose to 6.10% yet is set to fall to 4.86% as under-offers complete"
"Vacancy at 6.17%, remaining below peak of 9.6% in 2019"
"Vacancy rate just 3.97%; 0.37 years’ worth of supply"
"Supply continues to rise, yet 38% is currently under offer"
"Vacancy rate at 6.55%; 0.72 years’ worth of supply left"
"Vacancy rate now 4.47% as second-hand space returns to market"