This data cements Portugal’s status as one of the most attractive markets for international investors, Executive Digest reports.

With a total of €1,384 million transacted between Portugal and Spain in the first quarter of the year, the Iberian Peninsula leads retail investment in Europe. The performance of the domestic markets surpasses markets such as the United Kingdom and Germany.

Solid trajectory

According to JLL, the trajectory of the Portuguese market is solid, supported by the growth in private consumption, high demand for commercial assets, and the strong dynamic of tourism.

“The Portuguese market is moving towards greater integration, and more and more investors and managers are creating asset platforms,” says Augusto Arrochella Lobo, Head of Commercial Capital Markets at JLL Portugal.

Strengthening of investments

Transactions involving shopping centres and retail shops have also created momentum for investments in the national retail sector. In Lisbon, street retail continues to be driven mainly by tourism and the restaurant sector, while Porto continues to be attractive to international brands.

JLL anticipates a continued demand for quality assets in the retail market throughout 2026, and a strengthening of investments led by fund managers, private investors and institutional investors.