Real estate boosts foreign direct investment in Portugal

During the first six months of the year, foreign direct investment (FDI) transactions in Portugal totalled around €2 billion. And according to data from Banco de Portugal (BdP), this “value corresponded mainly to real estate investment made by non-residents in Portugal”.

By TPN, in News, Portugal, Property, Business · 02 Sep 2023, 19:02 · 2 Comments

According to a statistical note from the BdP, released on August 29, 2023, at the end of June, the 'stock' of foreign direct investment in Portugal (FDI) was 174,000 million euros (69% of the Gross Domestic Product (GDP) ), and Portugal's stock of direct investment abroad (IPE) totalled 66,000 million euros (26% of GDP).

The central bank reveals that “both 'stocks' have been increasing since 2008, although at different rates: FDI more than doubled between the end of 2008 and the end of the first half of 2023, while IPE grew 26%”.

BdP data also shows that, from January to June, FDI transactions totalled 2,002.18 million euros. According to information provided by the regulator to Público, of this amount, 93.9% (i.e. 1881.08 million euros) was channelled to Portugal in the form of real estate investment.

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Comments

Just sell off the whole country and perhaps the new governors could install some sense of work ethics, actually develop the country to a EU standard. As it is, the socialists will continue dragging Portugal back to medieval times.

By k from Other on 03 Sep 2023, 09:16

You are so right k.!!!! The country is in turmoil due to Rich investment and nothing for us Portuguese. Selling all and renaming it seam to be the socalist ideas. Shameful !!!!!

By F from Porto on 04 Sep 2023, 07:24