Real estate investment in Portugal reached €2.4 billion in 2024, marking a 51% increase compared to the previous year, with 81% of the capital coming from foreign investors.
The main driver of this growth was the retail segment, which totaled €1.166 billion, an impressive increase of 104%. Within this sector, shopping centers led the way, accounting for 20% of total investment, driven by rising consumer spending and repositioning strategies. Supermarkets followed with 19%, benefiting from strategic portfolio acquisitions.
Lisbon and Porto remain the top investment destinations, but emerging areas such as the Algarve and the North Region are gaining attention due to tourism and competitive costs. The trend for 2025 points to continued growth, with rising sectors like Living and Hospitality standing out alongside traditional segments such as offices and logistics.