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Deloitte Real Estate Market Sentiment – 3rd Edition
Fiscal instability slows down the sector
It is with great pleasure that we share with you the 3rd edition of the Deloitte Real Estate Market Sentiment. This is survey that covers the main trends in the evolution of the Real Estate sector in Portugal, according to the Deloitte Portugal Real Estate team and that is conducted on a quarterly basis.
According to 53% of respondents, the Real Estate sector is performing better today in comparison to the 3 previous months and, 33% of the respondents believe that the sector will evolve positively in the next quarter. The residential (54%), residential tourism (47%) and hotels (47%) segments are the ones in which respondents believe that banks may be more willing to finance transactions.
Respondents have indicated that increases in demand (60%) and new players entrance (47%) are the variables that could have a positive impact on the Real Estate sector evolution. On the other hand, Real Estate taxation (86%) and political situation (73%) may adversely affect the sector.