Savills Capital Markets Overview | 2025

Savills’ latest Capital Markets Overview for Portugal 2025 highlights an active real estate investment market, driven by larger transactions in retail, hospitality and offices, stronger investor confidence and a clear focus on high‑quality assets in Lisbon and Porto.

·  Total commercial real estate investment reached 2.7 billion euros in 2025, up 11 percent on 2024 and 13 percent above the three‑year average.

·  Retail and hospitality stood out, with shopping centers alone concentrating over 500 million euros of investment.

·  Office investment increased 92% compared with 2024, gradually regaining the attention of investors

·  Logistics saw investment rising 114 percent and reflecting sustained demand for Grade A space against a backdrop of limited supply.

·  PBSA continues to gain relevance, supported by structural demand in key university cities.

·  Cross‑border capital represented around 65 percent of total investment.

 Explore the full report.