Alberto Teixeira
alberto.teixeira@economico.pt
Cushman & amp; Wakefield projected fourth quarter in real estate turnover to accelerate to near the levels seen in 2007.
The investment in the national real estate sector will accelerate until the end of the year to a turnover of between EUR 600 and 800 million , close to the level recorded in 2007, designed the Economic Marta Esteves Costa, Director of Research and Consultancy at Cushman & amp; Wakefield.
“A positive factor that came to help strengthen the recovery trend of the market has been the increased availability of banking institutions to finance real estate investment in better conditions and higher volumes,” says the agency in autumn 2014 MarketBeat report presented today
It adds that: “This change contributed to that currently derive several relevant dimension negotiations for sale of assets or real estate portfolios as well as portfolios of debt;. this turnover ongoing leads us to believe that the second half of this year to check a turnover near the market peak. “
According to Marta Esteves Costa,” investment returns by the end of the year and the trend should continue in 2015, “benefiting the internationalization of the investor profile in the Portuguese market.
” Foreign investors are novelty. ago today a diversity of investor profile, “the analyst stressed.
In the residential sector, investment by way of gold visas will continue to drive the business, anticipating the consultant.
“This search, never seen before in Portugal, is largely motivated by Recent legislative changes introduced by the government to encourage foreign investment in the economy, the so-called Golden Visa and also the Statute of Non Resident Ordinary, “reads the report.
Through the gold seen, total investment in the housing market by June this year stood at 749 million euros, “with the effect to be felt mostly in Lisbon.” “The capitals are from countries outside the euro area, China is the leading source, accounting for 80% of residence visas.
In other sectors of the real estate market in recovery from frank Earlier this year, Cushman & amp; Wakefield reveals the key trends in retail, street commerce continues to post the highest level of activity, in offices, large companies are betting on consolidation in unique locations; Industry, some companies begin to drive the growth plans, although the offer is gone stagnant keep, in the Hotels, the main challenge will be to monetize the assets, at a time when growing interest of large international investors to purchase debt service funds and venture capital <. / p>
For all this, Marta Esteves Costa believes that “the worst of the housing crisis has passed.”
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