Portugal property investment hits new record

Lisbon

INVESTMENT in Portugal's real estate sector is set to reach a fresh record of up to three billion euros (S$4.9 billion) this year, boosted by foreign buyers, up from 1.9 billion euros in 2017, a leading consultancy in the sector said.

The real estate sector has been surging in the past few years, above all thanks to foreign buyers who have snapped up cheap assets since the country's 2011-2014 debt crisis.