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"Despite the abundance of capital targeting real estate, first-quarter activity was restricted by the ongoing Covid-19 measures"
"Investment transactional appetite is ahead of pre-pandemic levels with the highest volumes in Q1 since 2017"
"Recovery to ‘normal’ levels of activity continues"
"Consumer confidence remains suppressed; however, the grocery sector shows strong resilience. The key question remains, how to predict consumer behaviour in the new normal"
"With a significant pandemic-related uptick in grocery spending, strong annual portfolio growth is set to continue, particularly from the value-orientated brands"
"Pandemic-related uptick in trading results has been felt across all brands and sectors; however, independent retail operators have gained traction in the market in a year where consumers have stayed at home and increased their local grocery consumption"
"In a market where online grocery provision is less mature than in other European countries, it is the domestic operators with the confidence to grow, whilst the international brands take stock and rationalise"
"With a significant pandemic-related improvement in trading results across all major foodstore operators, there has perhaps surprisingly been little acquisition activity from the top 10 retailer operators"
"Changes in consumer habits and the advancement of new technologies have led to one of the greatest transformations in the food sector"
"Pure players are rising their markets share as they compete on price and convenience. New technologies are leading to the emergence of new concepts and players"