Property investors are returning to Portugal, bolstered by signs of an economic recovery and the approaching end of the country’s bailout program, according to broker Cushman & Wakefield Inc.
Spending on commercial real estate tripled to 322 million euros ($440 million) in 2013 compared with a year earlier, Eric van Leuven, managing partner at Cushman & Wakefield in Portugal, said at a press conference in Lisbon today. Home sales in Lisbon increased 40 percent in the first nine months of 2013 from the whole of 2012.
