The information is in the Guide for Iberian Real Estate Investment, now launched by Cushman & Wakefield in partnership with the law firm Uría Menédez, a publication that expects to reflect the real estate market in the Iberian Peninsula from an economic, legal and fiscal perspective, contributing to wider transparency of the sector.
The Iberian market has gained particular prominence in recent years as regards real estate investment concerns. Growth was “very significant” in terms of volume, and there is “a remarkable evolution of market values presented”, according to the consultant.
Between 2017 and May 2018, were invested more than €27,500 million in the Iberian market, 7.5% of the total invested throughout Europe. The prime yields of both markets have contracted between 150 and 200 basis points since 2014.
With a greater volume of capital, due to the higher dimension of the economy, the Spanish market emerges. But the Portuguese assets have been attracting more and more interest, with the market share of Portugal in Iberia developing favorably. C&W explains that, over the last 10 years, “the national real estate market attracted only 8% of the total investment in the Iberian Peninsula; in the last 15 months the market share has grown to 11%”.
Shopping centers (and retail in general) are the great catalysts of these good results in Portugal. The market share of retail investment over the past 10 years was 13%, but in the last 18 months it has grown to 24%.