Real estate investors are rushing to launch projects by the end of the year, according to the first results of the Portuguese Investment Property Survey. Presented during the SIL property fair, the study reveals that 75% of property developers plan to launch new projects within the next three months.

Continuing the trend registered at the start of the year (see here), the survey found that investors and developers are looking to invest until the end of the year across all regions of the country, although this is especially evident in Lisbon and Porto.

In addition, almost 90% of those surveyed said they were actively looking for land on which to develop new projects, pointing to a boost in the future of development and thus addressing a potential shortage of supply (reported as one of the five key trends of 2019, here).

Confident yet cautious

Despite the current intentions of developers, the survey revealed some caution when it comes to behaviour in sales and prices. This appears to be in anticipation of a slowdown in transactions and price stabilisation at the end of the year.

According to the director of the national real estate database Confidencial Imobiliário, Ricardo Guimarães noted: “There seems be an awareness that there are conditions to continue this investment trajectory, but with a recognition of the market limits and a clear identification of the obstacles.”

Undertaken in association with APPII, the Portuguese Association of Real Estate Developers and Investors, and alongside a panel of property investors and developers, the study comes at a time when it is crucial to have data on property investment and development, “especially when the dynamic in these sectors is so strong”, highlighted Huge Santos Ferreira, vice-president of APPII.

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