The European real estate market is gearing up for a dynamic year in 2025, with Lisbon emerging as one of the most attractive cities for investors. According to the European Investor Intentions Survey 2025, carried out by CBRE, 70% of investors believe that the market has already recovered or will recover throughout the year, after the difficulties recorded in 2023.

In the European ranking, Lisbon now occupies 8th position among the preferred cities for real estate investment, reinforcing foreign interest in the Portuguese market. Francisco Horta e Costa, General Director of CBRE Portugal, highlights that “investor sentiment corroborates the sector’s growth forecasts for 2025, representing a positive signal for the national market”.

“This is very positive news that points to a year of progress for both the sector in general and the national market. Additionally, in line with CBRE's forecasts, sustainability emerges as a factor of transversal relevance, and should be considered by all agents as a fundamental pillar in the valuation of their assets, in order to ensure that supply is in line with demand needs", adds the manager.

Portugal is not only among the European Top 10 most attractive cities for real estate investment but also ranks 6th as the country with the best return on investment. The country benefits from competitive yields and a resilient real estate sector, attracting the attention of international investors.

The survey revealed that 92% of investors intend to maintain or increase their presence in the sector, with housing being the most sought-after segment, followed by logistics and hotels. For the first time, housing was considered the most attractive sector, with 32% of investors naming it as their priority. Hotels and logistics spaces also show expectations of appreciation, with projected increases of 3% and 1%, respectively.

Despite the good outlook, Class A offices and street retail face challenges, with forecasts of devaluation of 22% and 31%, respectively. The study also indicates that investors are increasingly looking at alternative sectors, such as student housing and data centers, which have already surpassed senior housing in terms of interest.

Sustainability emerges as a determining factor in the investment decision, with 95% of respondents considering it essential. Furthermore, 13% of investors admit to paying more for properties with sustainable certification, demonstrating the growing appreciation of ecological and energy-efficient practices.