According to the EMEA Investor Intentions Survey 2021 report released today by CBRE, the list is led by London, followed by Berlin and Frankfurt.

“Despite the post-'brexit 'scenario, the British capital maintains its relevance as a city with greater attractiveness for real estate investment in Europe”, says the real estate consultant, according to which “Berlin, Frankfurt, Paris and Amsterdam complete the' ranking' of the five main markets and Munich and Hamburg occupy the sixth and seventh places, respectively, followed by Zurich and Warsaw”.

As CBRE points out, "with four cities on the list of 10 investors' favourites, Germany should lead the recovery in investment in Europe".

In the expectation that vaccination plans will remain within the stipulated timetable, CBRE also predicts that in 2021 European investment volumes will increase by up to 5 percent compared to last year, although it considers “likely that there will be some variation between countries and asset classes”.

At European level, the study points out that “about 60 percent of investors plan to invest more in real estate this year than in 2020”, with “almost 75 percent indicating they want to buy 10 percent or more this year compared to the previous one, still there are some noticeable differences between the different countries (for example, in the UK more than 80 percent of investors expressed a desire to invest more capital)”.

In Portugal, CBRE says that investment in commercial real estate “started timidly in 2021, due to the general lockdown to which the country was subject, including restrictions on travel and visits to properties”, which was reflected in a “strong slowdown” in investment activity during the first three months of the year ”.

“CBRE registered an investment of around €200 million, which is about 40 percent above that observed in the second quarter of 2020, at the time of the first major lockdown, but 50 percent below the previous quarter,” said the area director of research from CBRE Portugal, Cristina Arouca.

The consultant's ‘capital markets’ director considers that “there continues to be a high interest in the Portuguese real estate market” and with the country's gradual easing of lockdown and the ongoing vaccination plan, they expect “a very dynamic second half” of the year.

“Portugal is on the radar of the international investment community and, at the national level, we foresee very positive developments in the investment capacity of local players,” said Nuno Nunes.