Investing in property continues to be one of the main capital diversification strategies for private investors, who have maintained a remarkable level of activity despite the economic climate.
According to JLL, which draws on the experience of the Private Wealth area, dedicated to private investment and part of its Capital Markets department, the first few months of this year have been positive for this area of investment. Even with the rise in interest rates and the diversity of alternatives available on the capital market, investors continued to "keep an eye" on the property market: "this preference remains unshaken", according to the consultancy.
In the current context of high interest rates, the fact that rents are currently updated makes property investment even more attractive. A characteristic that "provides stability and growth potential, consolidating property as a solid refuge for investors".
Between January and August, JLL's Private Wealth team was involved in around 12 transactions, including the acquisition of 9 high street shops in Lisbon and Porto, a supermarket in the North or two office buildings in Alfragide and Algés, representing more than 40 million euros of investment.
This type of private investor includes family offices and individuals interested in commercial property, who typically invest an average ticket of between 1 and 10 million euros in assets with long-term leases and solid tenants.
Salvador Leite de Castro, Head OF Private Wealth at JLL Portugal, commented in a statement that "we are extremely pleased with the positive results we have achieved so far. This reflects not only the quality of our work, but also the continued confidence that private investors have in the property sector in Portugal. We are committed to continuing to serve our clients with high-performance solutions and to support them in realising their investment objectives."
