Portugal remains in the sights of investors

Several managers in the real estate sector analysed the impact of the pandemic to date and the strategies for the future. Those responsible for the most diverse areas in idealista Portugal, believe that the sector is now better prepared for postcoronavirus recovery.

08 May 2020 min de leitura

According to the analysis of the commercial director of idealista Portugal, António Marques, Portugal "gained" progress to countries like Spain and Italy, since it had better responsiveness and was quicker to take action. “Fortunately, the Portuguese and the Government managed to take action before. The Spanish and Italian economies should suffer more than the Portuguese, most likely”, he admits. He also mentioned that foreign investors continue to show interest in national real estate. The director of idealista/news Portugal, Tânia Ferreira, reinforces the same opinion, believing that it was possible to identify warning signs that allowed to be pending the situation from a very early stage and long before the crisis broke out in Europe She adds that “The general feeling is that, cautious, market agents are confident in a medium and long-term recovery, due to the strength that the market has achieved in Portugal in these years, with companies and banks more capitalized and investors keeping the interest in the country and in the real estate itself as a refuge ”, mentioning that there are great opportunities in sight, arising from a reinforcement of the offer on the part of properties that were in Alojamento Local (Tourist Accommodation). The idealista data also revealed that international demand remained positive in most regions of Portugal. When comparing the preconfinement month and the postconfinement month, it was found that the international demand has increased 1%, on average for Portugal.