Portugal's retail real estate sector attracted €1.2 billion of investment in 2024. This was more than double the €585 million posted in 2023 and a maximum since 2020, according to the report.
According to the report, this growth was mainly motivated by the shopping centre and supermarket segment. The dynamism of shopping malls and supermarkets was seen more in the second half of last year but made these assets the most sought-after in 2024.
Shopping centres alone attracted €476 million (134 per cent year-on-year). Investment in street commerce doubled to €99 million.
"The strong recovery of the Portuguese market was driven by the good performance of the economy, with positive effects on the activity of retailers, which, together with the price correction that the sector has seen in recent years, generated an attractive scenario of reduced risk and high profitability," revealed report, anticipating that this movement will continue in the Portuguese market in 2025.
Portugal is seen as an opportunity for investors who already operate in Spain and want to increase their exposure to the Iberian retail market.
