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Portugal Property Investment News
Retail tops Portuguese property market
The retail sector has shown the greatest form in terms of property returns in the Portuguese sector during the past year, claims new research.
According to the Imométrica/IPD Portugal index, total property returns in the country came to 12 per cent last year, the highest figure since 2002, reports IPD.
The retail sector saw a fine return of 15.9 per cent to keep it at the top of the table, with mixed use and industrial properties enjoying 11.1 and 7.7 per cent increases, respectively.
The director of Imométrica, António Gil Machado, commented: "The Portuguese real estate market has once again shown a steady growth.
"With returns consistently above ten per cent, property is seen as one of the best performing asset classes in Portugal."
The manager for IPD in Portugal, Luis Francisco, added that the results "demonstrate the stability of the Portuguese investment market, which continues to deliver high level of return to investors in the short and long term".
The office sector continued to disappoint, finishing bottom of the pile with returns of just five per cent.
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