With more than 600,000 inhabitants and over 2.8 million in the catchment area, the capital is one of the largest urban economic areas in the EU.

Portugal, and particularly Lisbon as seat of government, has taken advantage of the recent years of economic recovery to attract large international investors and to enter the list of the most interesting real estate markets.

Lisbon is home to two UNESCO World Heritage Sites, the Hieronymites Monastery and the Torre de Belém and with its proximity to the wild beaches of the Atlantic coast, it attracts visitors from all over the world. Coupled with its booming start-up and IT scene, Lisbon has an incomparable attractiveness and appeal, whilst at the same time overlooking the opportunities beyond the Atlantic Ocean that rests at its doors.

“Investing in Portugal is more than a growing trend but rather a financially sound choice which takes advantage of the multiple opportunities in all types of real estate assets, coupled with highly praised incentive packages and ease of doing business for foreign investors. Our main cities of Lisbon and Porto, amongst others, together with high-end tourism areas such as the famous Algarve and glamourous Comporta are preferred investment targets for both national and foreign investors alike.”


Dr. Nuno Madeira Rodrigues, LLM, Country Manager

Investment Market Portugal
415m
Transaction Volume
Q2 2024
29 % Y-o-Y Change
746m
Transaction Volume
H1 2024
0 % Y-o-Y Change
Office
5.30%
Lisbon
Q2 2024 Prime Yield
Residential
4.90%
Lisbon
Q2 2024 Prime Yield
Hotel
5.75%
Lisbon
Q2 2024 Prime Yield
Retail
5.00%
Lisbon
Q2 2024 Prime Yield
I&L
6.00%
Lisbon
Q2 2024 Prime Yield
Transaction Volume By Investor Origin (in m €)
Domestic
Foreign
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Transaction Volume By Property Type
H1 2024
Office
Residential
Hotel
Retail
I&L
Development
Prime Yields (in %)
Office
Residential
Hotel
Retail
I&L
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In-Depth Yield Assessment - Q2 2024
Filter by property type:
Office
Residential
Hotel
Retail
I&L
Lisbon
Office: Prime Yield
5.30%
Change Y-o-Y: 55 BPS
Change Q-o-Q: 0 BPS
Office: Yield Decentralized Class A
6.30%
Change Y-o-Y: 30 BPS
Change Q-o-Q: 0 BPS
Porto
Office: Prime Yield
6.80%
Change Y-o-Y: 40 BPS
Change Q-o-Q: 0 BPS
Lisbon
Residential: Prime Yield
4.90%
Change Y-o-Y: 30 BPS
Change Q-o-Q: 0 BPS
Porto
Residential: Prime Yield
5.65%
Change Y-o-Y: 35 BPS
Change Q-o-Q: 0 BPS
Portugal
Student Housing: Prime Yield
5.75%
Change Y-o-Y: 25 BPS
Change Q-o-Q: 0 BPS
Care Home: Prime Yield
6.20%
Change Y-o-Y: 30 BPS
Change Q-o-Q: 0 BPS
Lisbon
Hotel Management Contract: Prime Yield
6.75%
Change Y-o-Y: 0 BPS
Change Q-o-Q: 0 BPS
Hotel Lease Contract: Prime Yield
5.75%
Change Y-o-Y: 0 BPS
Change Q-o-Q: 0 BPS
Porto
Hotel Lease Contract: Prime Yield
6.25%
Change Y-o-Y: 25 BPS
Change Q-o-Q: 0 BPS
Algarve
Hotel Leisure: Prime Yield
6.75%
Change Y-o-Y: 0 BPS
Change Q-o-Q: 0 BPS
Lisbon
High Street Retail: Prime Yield
5.00%
Change Y-o-Y: 25 BPS
Change Q-o-Q: 0 BPS
Shopping Centre: Prime Yield
6.75%
Change Y-o-Y: 25 BPS
Change Q-o-Q: 0 BPS
Porto
High Street Retail: Prime Yield
6.50%
Change Y-o-Y: 25 BPS
Change Q-o-Q: 0 BPS
Shopping Centre: Prime Yield
7.00%
Change Y-o-Y: 30 BPS
Change Q-o-Q: 0 BPS
Portugal
Retail Park: Prime Yield
6.75%
Change Y-o-Y: 0 BPS
Change Q-o-Q: 0 BPS
Supermarket: Prime Yield
6.10%
Change Y-o-Y: 35 BPS
Change Q-o-Q: 0 BPS
Lisbon
Logistics: Prime Yield
6.00%
Change Y-o-Y: 50 BPS
Change Q-o-Q: 0 BPS
Logistics: Yield Class B
7.75%
Change Y-o-Y: 35 BPS
Change Q-o-Q: 0 BPS
Porto
Logistics: Prime Yield
6.20%
Change Y-o-Y: 40 BPS
Change Q-o-Q: 0 BPS

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Market Analysis

Investment Market EU
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Portugal | Lisbon

Arnold Investments - Mediação, Lda
Praça do Príncipe Real, 28, 2º
PT-1250-184 Lisboa
Phone +351 211 206 863
pt@arnold.investments Get in touch
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