Investment Market Overview Q2 2025

Savills has just published its latest Investment Market Overview, revealing strong momentum in Portugal’s real estate sector during the first half of 2025.

Key highlights:

• In H1 2025, a total of €1.23 billion was invested in commercial real estate, representing a 69% year-on-year increase.
• Retail led the market, accounting for 60% of total investment, driven by rising footfall and retail sales, especially in shopping centres.
• Hospitality attracted €330.7M, representing 27% of total investment and a 16% annual growth.
• Domestic capital made up 52% of total investment, reflecting domestic investor confidence.
• Real Estate Funds and Asset Management Companies stood out as key market players throughout the period.