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Real estate investment hits record high

A historical record in real estate market in Portugal, was attained in the first half of the year: the volume of investment has never been so high, for more than 15 years, even in 2006-2007, to date the best years in terms of trade

Tuesday, 23 June 2015 - Financing

"A historical record in real estate market in Portugal, was attained in the first half of the year: the volume of investment has never been so high, for more than 15 years, even in 2006-2007, to date the best years in terms of trade”, reveals APA Real Estate consultant, in a statement released today

This year, between January and May, approximately EUR 800 million in commercial real estate assets were transacted in Portugal, involving more than 20 actives and representing a flow of 600 million euros of foreign capital entering the country’s economy or representative 80 % of business done.

American capital channeled into the national real estate market more than 400 million euros, while Spanish-sourced capitals were the 2nd highest in terms of investment volume, accounting for 22% of total investments; also remarkable were the investments of about 120 million euros from Thailand, as Group Minor International acquired four Tivoli Hotels to Gespatrimonio.

According to the consultant, the average volume traded in the first half over the last 17 years is 300 million euros, less than half the volume of transactions in the first five months of this year.