Cbre real estate report points to growth in portugal

Returns on investment in commercial property in parts of Portugal have outperformed the sector in other countries in Europe, a new report has shown.

Compiled by CB Richard Ellis (CBRE), the study revealed that yields on property in Lisbon were up by 50 basis points to 7.5 per cent in the second quarter of the year, while revenue from Oporto buildings rose by 25 basis points to nine per cent.

These upward movements for property in Portugal were the largest increases seen in prime rents across Europe over the period and contribute to a continuation of the stability of the market, although gains remain somewhat slowed, the organisation said.

However, Richard Holberton, director of EMEA research at CBRE, added: "In overall terms, the second quarter of 2011 represented a further milestone in the process of gradual value recovery in the European commercial property markets."

Source: PropertyShowrooms.com