The 2023 Outlook for Portuguese Real Estate: Opportunities Amidst Uncertainty

The Portuguese real estate market enters 2023 on solid ground, buoyed by strong fundamentals despite facing several uncertainties in the previous year. The market outlook for 2023 remains positive, with expectations of continued investment and growth across various sectors. Product availability remains low, contributing to rent increases in offices, logistics, and rising housing prices and rents. Emerging sectors like student accommodation, senior housing, healthcare, and agribusiness present new business opportunities, highlighting the market's adaptability and potential for diversification.

Moreover, the integration of sustainability criteria into new projects and the adoption of integrated ESG strategies by companies are becoming standard practices, reflecting the market's commitment to sustainable development. These trends suggest that, despite the challenges, the Portuguese real estate market offers numerous investment opportunities, promising a robust volume of investment in 2023​​.