Wait and see in Portugal
Wait and see in Portugal
- 2012
- EuroProperty 6 February 2012, 6-7(2) .
Although yields for prime retail centres are expected to adjust from around 6.5% to around 7% in the coming months, Portugal's real estate market is still not prepared to open its doors to opportunistic investors, with sellers preferring to retain their prime assets rather than face heavy losses. Real estate investment fell by 70% in 2011 over 2010 and foreign investment only accounted for 21% of the total invested, Euros 200m, the lowest figure registered over the past 20 years.
Portugal
Although yields for prime retail centres are expected to adjust from around 6.5% to around 7% in the coming months, Portugal's real estate market is still not prepared to open its doors to opportunistic investors, with sellers preferring to retain their prime assets rather than face heavy losses. Real estate investment fell by 70% in 2011 over 2010 and foreign investment only accounted for 21% of the total invested, Euros 200m, the lowest figure registered over the past 20 years.
Portugal