The diversification of real estate investment has reached the Portuguese hotel industry, which is increasingly attractive to foreign investors. Pipeline investment operations in this sector are around €300 million, estimates Cushman & Wakefield.
In the presentation of its new report “Portugal Hotelaria - November 2017”, released this week, the consultant has announced that will be in progress operations worth €300 million, and about 110 million can still be completed by the end of this year, concerning institutional funds. In any case “2018 will continue to be a good year for investment in hotels in Portugal. This good time for investment is supported by a market that has good demand, is now a consolidated destination with all indicators of the operation to grow, notes Marta Esteves Costa, from the Research and Consulting department of the consultant. The diversification of destination is the key word Portugal receives more tourists from different markets looking for different types of product in our country, and this also favours reducing exposure to specific geographies. And Portugal is no longer just a destination of sun and sea or city breaks, the tourism of nature, surfing, or culture is growing. Read the full article here..
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