Turning offices and stores into housing: a Portuguese trend?

Portugal is facing a major housing challenge due to high demand and lack of supply accompanied by high house prices at a time of declining purchasing power, inflation and rising interest rates.

To meet this challenge, the market is developing various solutions. One of them is the conversion of commercial real estate into residential properties. Influenced by other countries where converting stores, warehouses and offices into residential buildings has become "fashionable" - in particular to cope with the lack of residential real estate on the market - players operating in Portugal are following suit.