International interest in Portuguese real estate continues to provide large flows of liquidity into the country. Proof of this is the entry of new major international players in the market over recent months, as well as the types of transactions, with at least three deals involving a value equal to or above 100 million euros in the month of July alone. And indicators suggest that, despite a timid start to the year, 2021 may close with a transaction volume of around 2 billion euros or more!
Altogether, the total value of the 33 deals completed in the first half of 2021 reflected a y-o-y decline of 64% compared with the volume invested in the 1st semester of 2020. Furthermore, the country also saw its share of the total amount traded in Iberia decrease, going from 27% in the first half of 2020 (from an Iberian total of 6.6 billion euros) to just 10% in the first six months of 2021 (when about 6.3 billion euros were traded in the Peninsula).
However, from July onwards there was a clear acceleration of investment in Portugal, and, at the end of August, the 3rd quarter already recorded 11 operations, and more than 560 million euros invested. Therefore, with one month still to go, this was already the most dynamic quarter of the year, presenting a performance 61% above the 348 million euros traded in the 2nd quarter (18 deals) which, in turn, already represented a growth of 17% compared to the 296 million euros registered in the 1st quarter (15 operations).
