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Portugal Property Buyers Reappear as Economy Mends, Cushman Says

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.