Even with the “challenges that we all face today”, with the increase in construction and fuel costs, the impact of the rise in the inflation rate and the uncertainty and complexity of the Ukraine/Russia conflict, the real estate market in Portugal should “continue to lead the way in the international projection of our country”, according to a report by idealista/news.
This is the opinion of Pedro Lancastre, CEO of JLL Portugal. The official considers that the path taken in recent years, of diversification in terms of sources of demand, segments, locations and origin of investors, will no longer come undone.
“Portugal is definitely on the real estate world radar and has proven, more and more, that it is a market prepared not only to face challenges, but also to be at the forefront”, adding that "national real estate has come a long way, but we still have many kilometres to discover. (...)".
“This is a sector that has already proved its resilience and attractiveness, facing, with distinction, different economic cycles over the last two decades and showing that it has the ability to reinvent itself”.