American investors are active in the real estate market in Portugal

International funds led real estate transactions in Portugal in 2022, accounting for more than 85% of the total. Over the last decade, an environment favorable to international funds has developed, allowing them to bet all their capital on the Portuguese real estate market, so much so that they led real estate transactions in 2022.

Topping the list are investors from the United States, a country caught in the eye of the storm of the modern financial crisis.

This attractive real estate prices in Portugal, combined with the high liquidity in the market, have prompted foreign funds to make serious bets on real estate in Portugal. They have invested so much capital that, according to Nuno Nunes, head of capital markets at CBRE, "real estate funds have a dominant share of the Portuguese market", expected to reach more than 85% in recent years, informs Jornal de Negócios.

The truth is that it is not known exactly how much of the Portuguese real estate market is made up of investment funds, for a number of reasons, points out the same publisher: there are many foreign investors (no publicly available data); investments are made through complex companies and it is difficult to determine who is responsible for them (whether they are funds or another investment instrument).

Nevertheless, market experts have no doubt that foreigners - whether funds, management companies or other types of businesses - will continue to dominate real estate in Portugal, reports the same publication.

The largest deal in the history of the Portuguese real estate market, the €800 million purchase of the Crow project, has been closed by North American fund Davidson Kempner.