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Here are the Real Estate Investment figures and trends for Portugal: Portugal News – Foreigners invested 1 billion euros in real estate in Portugal during the summer months of July to September 2024. Here are the FDI Real Estate Investment figures and trends for Portugal:   At the end of the third quarter of 2024, the stock of Foreign Direct Investment (FDI) in Portugal rose to reach 5.6 billion euros   representing 70% of GDP. This compares to 4.2 billion euros in the third quarter of 2023. The increase in Foreign Direct Investment in Portugal for the third quarter of 2024 is mainly due to Real Estate Investment amounting to 1.0 billion euros.     Here are the main sources of Foreign Direct Investment to Portugal in Q3 2024: 1 – Europe  – reaching 4,853.17 million euros 2 – America  – reaching 334.68 million euros 3 – Asia  – reaching 287.5 million euros   Here are the Foreign Real Estate Investment figures for Portugal for Q4 2022 – Q3 2023:   Q4 2022  – 762.23 million euros Q1 2023  – 850.70 million euros Q2 2023  – 1,030.38 million euros Q3 2023  – 1,137.51 million euros Q4 2023  – 853.13 million euros Q1 2024  – 662.26 million euros Q2 2024  – 903.57 million euros Q3 2024  – 984.03 million euros     Map showing Foreign Real Estate Investment trends for Portugal for Q3 2019 – Q3 2024: FDI Real Estate Investment trends for Portugal for Q3 2019 – Q3 2024 - Portugal Business News #portugalnews #foreigndirectinvestmentfiguresportugal #foreigninvestmentinrealestateinportugal #realestateinvestmentfiguresandtrendsforportugal #mainsourcesofforeigndirectinvestmenttoportugal #foreignrealestateinvestmenttrendsportugal #realestatenewsportugal #propertynewsportugal

Portuguese Real Estate startup CASAFARI raises 5 million euros - Portugal Business News Portugal news - Portuguese Real Estate startup CASAFARI just raised 5 million euros in venture debt from BBVA Spark, a VC based in Madrid. This operation is backed by the European Union and the InvestEU Fund.   With this new loan, the capital already raised by CASAFARI since it was founded in 2018, rises to 30 million euros. The venture debt just raised by CASAFARI will be used for the acquisition of other related companies, in order to strengthen its position as a leading database of the European real estate market.     Portuguese startup CASAFARI is one of the largest real estate software platforms in Europe with more than 60,000 users from Portugal, Spain, Italy, France and Germany. “We are proud to support CASAFARI in its mission to increase the clarity and efficiency of the real estate market in Europe,” stated Miguel Alcala, head of BBVA Spark, that is a division of Spanish bank BBVA. According to Nils Henning, the CEO and co-founder of CASAFARI, the venture debt obtained through BBVA Spark validates the startup’s business model and growth trajectory. The startup’s business model is to continue to grow organically into new markets and also inorganically through acquisitions.  CASAFARI has already completed two successful acquisitions, namely Moonshapes in Portugal and Targomo in Germany.   #portugalnews #investmentnewsportugal #newstechsatetupsportugal #CASAFARI #totalfundingCASAFARI

What are the best cities in Europe to invest in real estate? - Portugal Business News Portugal News - Here are the best cities in Europe to invest in real estate, according to a study by PwC and the Urban Land Institute (ULI).   The best cities in Europe to watch for investing in real estate are the movers and shakers. These   are the cities that have the physical infrastructure to support technology, innovation, and decarbonization, according to real estate sector analysts. Real estate investment is expected to grow in cities with state-of-the-art Data Centers and renewable energy infrastructure, where properties are expected to produce a high return on investment.   Since Europe’s largest data center , Start Campus, that is based in Portugal, is now connected to the EllaLink subsea cable, it has become a prime location for real estate investment with high income prospects for 2025.   Here are the Top 10 best cities in Europe to invest in real estate with a booming property market: 1 – London 2- Madrid 3 – Paris 4 – Berlin 5 – Munich 6 – Amsterdam 7 – Milan 8 – Frankfurt 9 – Hamburg 10 - Lisbon #portugalnews #realestatenewsportugal #propertynewsportugal #realestatemarketportugal #whatarethebestcitiesineuropetoinvestinrealestate #realestatemarketeurope

By Francisco Nobre - PhD - Applied Microeconomist & Postdoctoral Research Associate at Aston Business School and Teaching assistant at Royal Holloway University of London. The impact of Airbnb on the local economy in Portugal - By Francisco Nobre - PhD - Portugal Business News Portugal news - Over the last decade, short-term rentals (Airbnb-type accommodation) have become a highly debated topic and understanding the full economic ramifications of such peer-to-peer accommodation platforms has turned into an interesting and fruitful research question for academics. Exploring the impact of Airbnb in Portugal is of vital importance: Not only have such types of accommodation experienced a drastic surge since 2014, as depicted in the figure below, but they have also raised concerns among residents, due to their effect in increasing house prices and reducing housing supply. In fact, last month Lisbon’s municipal assembly approved a local referendum on banning short-term rentals. Figure 1 - New short-term rentals in Lisbon and Porto (2010-2019) - Portugal Business News Previous research has shown that indeed Airbnb leads to increases in house prices, in cities such as Lisbon and Barcelona. Studies have also identified its role in driving leisure amenities. For example, it was found that in Madrid, 10 Airbnb rooms in a neighborhood led to an opening of one more restaurant. However, the impact of short-term rentals on the performance of local businesses remained largely unexplored. Hence, together with João Pereira dos Santos and Ronize Cruz, we have analyzed how Airbnb shaped local businesses, in Lisbon and Porto, the two largest urban centers in the country. To accomplish that, we started by identifying the level of exposure to Airbnb, at the civil parish level, given by the ratio of new short-term rentals to dwelling stock. Then, we estimated the effect of such exposure on business performance indicators between 2016-19. We show that higher exposure to short-term rentals leads to an increase of firm closures, especially for low-productivity enterprises. We argue that plausibly this is due to an increase in the rents of commercial properties. Evidence also suggests that more exposure to Airbnb leads to increases in sales for both resident-oriented (grocery stores, retailers) and tourist-oriented firms (restaurants, bars, cafes), with the latter also experiencing significant rises in the number of employees, wages and liquidity. Neighborhoods with a higher share of Airbnb accommodation are more likely to see entry firms being oriented towards catering tourist needs, potentially leading to a clear separation between touristic and residential areas. Moreover, entry firms have higher turnover but are not necessarily more productive or profitable. In our research, we show that short-term rentals can drive the expansion of surviving firms, especially tourist-oriented enterprises, while reshaping the urban business landscape, creating a division between touristic and residential areas, thereby demonstrating the broader social and economic implications of these accommodation services. Link for the full paper: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4982275 Author:   Francisco Nobre - PhD - Applied Microeconomist & Postdoctoral Research Associate at Aston Business School and Teaching assistant at Royal Holloway University of London - Website Francisco Nobre Other Authors: João Pereira dos Santos and Ronize Cruz #portugalnews #economicnewsportugal #newsportugueseeconomy #theimpactofairbnbonportugalseconomy #francisconobre

Belgian multinational Syensqo invests in a GBS Center in Lisbon - Portugal Business News Portugal news - Belgian multinational Syensqo invests in a GBS Center in Lisbon. The new investment by Syensqo in Portugal represents one of the most significant office transactions in Lisbon in the last quarter of 2024.   Belgian multinational materials company Syensqo, that is traded on Euronext Brussels under SYENS, just chose Portugal for its Global Business (GBS) Centre. The new Syensqo GBS Centre is located on the 4th floor of the IDB Building in Lisbon and covers around 2,000m². IDB Building is an innovative real estate project located next to Parque das Nações, that ensures a high-quality urban lifestyle to meet the needs of visionary companies like Syensqo.   The transaction between Syensqo and the owner of IDB Building, Jamestown, was managed by CBRE Portugal, in partnership with JLL Portugal.    Author: Portugal Business News #portugalnews #realestateinvesmentnewsportugal #GBScentersportugal #syensqoportugal

Reports on Portugal’s Real Estate market forecast high growth for 2025 - Portugal Business News Portugal news - Reports on Portugal’s Real Estate Market forecast high growth for 2025. Here are the forecasts and trends for Portugal’s real estate market in 2025:   Recent reports on Portugal’s Real Estate Market forecast a high growth for 2025 both in the commercial real estate market and in the residential real estate market.   Concerning investment in Portugal’s commercial real estate market, the latest Cushman & Wakefield report shows that there was a 28% market growth in 2024 with a strong focus on the retail sector.  The report states that the increase in demand for commercial space and the scarcity of quality supply should lead to increases in benchmark gross rents for up-market assets. Property investment in Portugal’s commercial real estate market in 2025 should thus be equal to the investment volume registered in 2024, with the industrial and logistics, hotel and alternative living real estate sectors registering growth.      Concerning investment in Portugal’s residential real estate market, the latest Idealista report shows that house prices increased by 10.4% in 2024 and market trends for 2025 indicate that house prices will continue to rise.     Here are the forecasts for Portugal’s real estate market in 2025:     1)  Portugal’s Office Real Estate Market forecast for 2025 The office sector is expected to be marked by investments in modern, well-located spaces that offer premium infrastructures, such as support areas, gyms, and rooftops, promoting well-being and collaboration. These real estate trends reflect a clear commitment to creating environments that motivate employees to return to the office, in line with hybrid work models.     2)   Portugal’s Retail Real Estate Market forecast for 2025 Portugal’s Retail Real Estate Market is expected to continue its strong performance, driven by the sector’s increased digitalization and new consumer demands. Retailers are increasingly focused on high street retail, retail parks and shopping centers in 2025.     3)  Portugal’s Industrial & Logistics Real Estate Market forecast for 2025 Portugal’s Industrial & Logistics Real Estate Market in 2025 is expected to be driven by investors who continue to seek increasingly functional locations, and who are willing to pay a higher price for strategic locations. The growth of e-commerce is also boosting logistics operations, especially in the demand for urban warehouses. Portugal is also seen as an attractive destination for industrial and logistics installations by companies seeking to relocate production to Europe and thus reduce the risk of supply chain disruptions.   With the shortage of quality supply, there is an increase in the development of new logistics spaces, especially in the regions of Greater Lisbon and Porto. Additionally, the demand for land in industrial areas for the data center market has increased significantly.     4)  Portugal’s Hotel Real Estate Market forecast for 2025 Portugal’s Hotel Real Estate Market forecast for 2025 is continued growth with a direct impact on attracting investment both in existing hotel products and new projects.     5)  Portugal’s Alternative Living Real Estate Market forecast for 2025   Portugal’s real estate sector is expected to register an increase in investments in student residences and residential structures for the elderly.   It is to be noted that investors are also turning to alternative assets such as hospitals, clinics, schools and universities.     Here are the Trends for Portugal’s Real Estate Market in 2025   Trends for Portugal’s real estate market in 2025 show that there is a willingness among investors and tenants to pay a “green premium” for more sustainable assets, with the adoption of building certifications, in line with EU standards for sustainable buildings. Author: Portugal Business News   #portugalnews #investmentnewsportugal #realestatenewsportugal #realestatemarketforecastportugal #propertymarketforecastportugal

Portugal's new real estate law reduces the price of new homes by 20% - Portugal Business News Portugal news - Portugal's new real-estate law reduces the price of new homes in metropolitan areas and district capitals by 20%. According to the INE, the current average price per square meter in new homes is 50% higher than that of used housing. “Being able to buy new homes with a maximum price limit of 20% below current market prices not only prevents but also stops speculation,” says the Deputy Minister for Territorial Cohesion, Castro Almeida. Portugal's new real estate law that amends the Legal Framework for Land Management Instruments (RJIGT) and which will allow local authorities to release land for the construction of houses for the middle class at moderate prices will have an anti-speculative effect on the market: in addition to the price containment that the increase in supply always causes, the maximum value per square meter of future houses in the metropolitan areas of Lisbon and Porto and in the district capitals will drop substantially compared to current market values.  “The practical result of this law is that it will allow for an average 20% reduction in housing prices in the country’s main urban areas,” says Castro Almeida. An analysis of the values ​​of deeds for new homes registered on the Confidencial Imobiliário platform in 2024 confirms this. The average values ​​per square meter of homes sold in the municipalities with the highest demand – Greater Porto, Greater Lisbon and district capitals – are noticeably higher than the maximum limit imposed by Decree-Law 117/2024. In addition to Lisbon or Cascais, where the difference reaches 45% and 48%, there are relevant cities such as Sintra (36%) Viana do Castelo (34%), Gaia (32%), Braga (28%), Vila do Conde (27%), Viseu and Setúbal (26%), Barreiro (24%), Oeiras (23%), Aveiro (23%) or Coimbra (21%), where the limit imposed by the new law is considerably below the prices currently practiced on the market. According to the most recent data from the Consumer Price Index (CPI) of the National Institute of Statistics, in the third quarter of 2024 the average value per square meter of new housing was 50% higher than the average sale value of used housing – and all houses that will be built on rural land that local authorities transform into construction areas will be completely new.  “Being able to buy new homes where the maximum price limit is 20% below current market prices not only prevents but also stops speculation”, says Portugal's Deputy Minister for Territorial Cohesion.

Portugal ranks 18th EU country in the Green Transition Index - Portugal Business News Portugal news - Portugal ranks 18th EU country in the Green Transition Index 2025. Here is the ranking of the Top 10 EU countries in the Green Transition Index 2025, according to consultancy firm Oliver Wyman:   The Green Transition Index (GTI), that benchmarks EU countries on their transition towards environmental sustainability, has ranked Portugal 18th based on the country’s superior performance in the Buildings category where it ranks 2nd in the EU and in the Utilities category where it ranks 5th in the EU.   Portugal ranks 18th EU country in the Green Transition Index - Portugal Business News   In the Construction sector, Portugal achieved the second-highest score in the share of renewables in residential space and water heating.  In the Utilities sector, Portugal performed well across transition technologies, hydrogen for energy transition purposes (capacity of hydrogen projects for energy transition purposes in relation to total GDP) and battery storage (capacity of battery-related storage projects in relation to total generation capacity) and made it to the Top 10 in terms of renewables in the electricity mix (renewables and biofuels as percentage of total electricity production).   Here is the ranking of the Top 10 EU countries in the Green Transition Index 2025: Here is the ranking of the Top 10 EU countries in the Green Transition Index 2025 - Portugal Business News

Lisbon and Porto among the best cities for digital nomads in 2025 - Portugal Business News Portugal news - Reboot Online agency has analyzed factors such as average cost of an Airbnb and two Portuguese cities are among the best cities for digital nomads in 2025 - Lisbon and Porto. Google search data reveals that the number of "countries with digital nomad visas" has increased by more than 4000% in the last 30 days, showing a strong interest to live and work in warmer climates with lower living costs. Interested in this topic, the Digital PR Agency Reboot Online analyzed factors such as average cost of an Airbnb, average download speed, security, public transport, average temperature and average cost of a meal and a beer to conclude the best cities with winter sun to be a digital nomad. Main conclusions: Two Portuguese cities are among the best cities for digital nomads in 2025 - Lisbon and Porto. Rio de Janeiro is the main city for digital nomads in search of winter sunshine - score 7/10. Bangkok has the hottest average temperatures (28.6°C) - perfect for those who want to escape the UK weather. 1 - Lisbon Lisbon was named the fifth best city in the world to work as a digital nomad this winter, with a score of 5.96/10. With a security score above average (83/100) and an average cost per night cheap, the Portuguese capital is the first choice for many. The mountainous and coastal capital has become a center of freelancers in recent years, and due to its high volume of coworking spaces and growing digital nomads retreats, it has shown no signs of slowing down. 2 - Porto Less popular among digital nomads, Porto occupying the 10th place in the ranking with a score of 5.38. With a high average rating of 4.7/5 and most of the accommodations near public transport, Porto is in the top 10. Known for its wine, the historic center named by UNESCO and the cobbled streets, this city could be in the rise of digital nomads looking for an alternative to the city of Lisbon. The main cities with winter sun to be a digital nomad The main cities with winter sun to be a digital nomad - Portugal Business News Click to see the Reboot Online  newsroom Click to Create your own Newsroom online  - Press Release Distribution Service Tags:

Top 10 Best European countries to obtain residency by investment in 2025 - Portugal Business News European Residency news – Here are the Top 10 best European countries to obtain residency by investment in 2025, with the best residency programs, according to the Henley Residence Program Index 2025:     1)  Greece Greece ranks No 1 best European country to obtain residency by investment in 2025 with the best residency programs, reaching a total score of 73, according to Henley&Partners. Here is how Greece scores for obtaining a residence permit by investment:   ·      Reputation: 7 ·      Quality of life: 8 ·      Tax: 8 ·      Visa-free or visa on arrival access: 10 ·      Processing time: 8 ·      Compliance: 6 ·      Investment requirements: 8 ·      Total costs: 9 ·      Time to citizenship: 6 ·      Citizenship requirements: 3     2)  Switzerland Switzerland ranks No 2 best European country to obtain residency by investment in 2025 with the best residency programs, reaching a total score of 72, according to Henley&Partners. Here is how Switzerland scores for obtaining a residence permit by investment:   ·      Reputation: 10 ·      Quality of life: 10 ·      Tax: 7 ·      Visa-free or visa on arrival access: 9 ·      Processing time: 9 ·      Compliance: 8 ·      Investment requirements: 10 ·      Total costs: 4 ·      Time to citizenship: 2 ·      Citizenship requirements: 3   3)  Italy   Italy ranks No 3 best European country to obtain residency by investment in 2025 with the best residency programs, reaching a total score of 70, according to Henley&Partners. Here is how Italy scores for obtaining a residence permit by investment:   ·      Reputation: 8 ·      Quality of life: 9 ·      Tax: 7 ·      Visa-free or visa on arrival access: 10 ·      Processing time: 8 ·      Compliance: 6 ·      Investment requirements: 7 ·      Total costs: 7 ·      Time to citizenship: 2 ·      Citizenship requirements: 6     4)  Portugal   Portugal ranks No 4 best European country to obtain residency by investment in 2025 with the best residency programs, reaching a total score of 70, according to Henley&Partners. Here is how Portugal scores for obtaining a residence permit by investment:   ·      Reputation: 7 ·      Quality of life: 9 ·      Tax: 5 ·      Visa-free or visa on arrival access: 10 ·      Processing time: 5 ·      Compliance: 6 ·      Investment requirements: 7 ·      Total costs: 7 ·      Time to citizenship: 7 ·      Citizenship requirements: 7     5)  UK The UK ranks No 5 best European country to obtain residency by investment in 2025 with the best residency programs, reaching a total score of 70, according to Henley&Partners. Here is how the UK scores for obtaining a residence permit by investment:   ·      Reputation: 8 ·      Quality of life: 9 ·      Tax: 6 ·      Visa-free or visa on arrival access: 4 ·      Processing time: 8 ·      Compliance: 7 ·      Investment requirements: 9 ·      Total costs: 5 ·      Time to citizenship: 7 ·      Citizenship requirements: 7     6)  Spain   Spain ranks No 6 best European country to obtain residency by investment in 2025 with the best residency programs, reaching a total score of 69, according to Henley&Partners. Here is how Spain scores for obtaining a residence permit by investment:   ·      Reputation: 8 ·      Quality of life: 9 ·      Tax: 6 ·      Visa-free or visa on arrival access: 10 ·      Processing time: 10 ·      Compliance: 6 ·      Investment requirements: 5 ·      Total costs: 7 ·      Time to citizenship: 5 ·      Citizenship requirements: 3     7)  Hungary   Hungary ranks No 7 best European country to obtain residency by investment in 2025 with the best residency programs, reaching a total score of 67, according to Henley&Partners. Here is how Hungary scores for obtaining a residence permit by investment:   ·      Reputation: 4 ·      Quality of life: 5 ·      Tax: 7 ·      Visa-free or visa on arrival access: 10 ·      Processing time: 10 ·      Compliance: 5 ·      Investment requirements: 8 ·      Total costs: 9 ·      Time to citizenship: 5 ·      Citizenship requirements: 4     8)  Luxembourg Luxembourg ranks No 8 best European country to obtain residency by investment in 2025 with the best residency programs, reaching a total score of 66, according to Henley&Partners. Here is how Luxembourg scores for obtaining a residence permit by investment:   ·      Reputation: 8 ·      Quality of life: 8 ·      Tax: 5 ·      Visa-free or visa on arrival access: 10 ·      Processing time: 7 ·      Compliance: 6 ·      Investment requirements: 5 ·      Total costs: 6 ·      Time to citizenship: 7 ·      Citizenship requirements: 4     9)  Jersey   Jersey ranks No 9 best European country to obtain residency by investment in 2025 with the best residency programs, reaching a total score of 64, according to Henley&Partners. Here is how Jersey scores for obtaining a residence permit by investment:   ·      Reputation: 8 ·      Quality of life: 8 ·      Tax: 7 ·      Visa-free or visa on arrival access: 4 ·      Processing time: 7 ·      Compliance: 8 ·      Investment requirements: 4 ·      Total costs: 3 ·      Time to citizenship: 7 ·      Citizenship requirements: 8     10)   Malta   Malta ranks No 10 best European country to obtain residency by investment in 2025 with the best residency programs, reaching a total score of 62, according to Henley&Partners. Here is how Malta scores for obtaining a residence permit by investment:   ·      Reputation: 6 ·      Quality of life: 8 ·      Tax: 8 ·      Visa-free or visa on arrival access: 10 ·      Processing time: 8 ·      Compliance: 7 ·      Investment requirements: 7 ·      Total costs: 8 ·      Time to citizenship: 0 ·      Citizenship requirements: 0

Top 10 Best luxury shopping streets in Europe - Portugal Business News Luxury retail real estate news - Here are the Top 10 best luxury shopping streets in Europe in 2024 with the highest Prime Retail Rental Growth, according to Cushman & Wakefield. Europe has 20 key luxury streets in 12 countries in 2024, where a total of 83 new luxury stores opened, with the fashion & accessories segment accounting for nearly half of all store openings with 41. Jewelry and watches brands opened a total of 26 stores in 2024, up from 21 in 2023, as ‘hard luxury’ continues to appeal to luxury consumers. Brands owned by LVMH, Richemont and Kering accounted for just over a third of the new stores in Europe, with LVMH leading the field with 15 store openings in 2024. Luxury retailers have continued to invest in retail real estate in key streets, particularly in London, Paris, and Milan. The trend for luxury shopping streets in Europe is growing with an impressive pipeline of scheduled store openings for 2025 and beyond. Cushman & Wakefield projects that rents on luxury high streets will increase by an average of 1-3% annually between 2025 and 2028. Top 10 Best luxury shopping streets in Europe with the highest Prime Retail Rental Growth in 2024: 1 – Via Montenapoleone, Milan, Italy Via Montenapoleone in Milan, Italy, is the best luxury shopping street in Europe with an Annual Prime Retail Rental Growth of over 20%. A third of luxury streets across Europe reached record high rents in 2024, including Milan’s Via Montenapoleone which is now the most expensive retail destination in the world. French luxury bags brand Goyard opened its new store at 18, Via Montenapoleone. Other luxury brands opening on the street include Tiffany, Fendi, Bulgari and Prada, while Louis Vuitton is refurbishing its store and Dior is doubling its floor space. Italy represents a market of 25.5 billion euros in Luxury Retail Sales in 2024, up by 3.9% since 2023. 2 – New Bond street, London, UK New Bond street in London, UK, is the second-best luxury shopping street in Europe with an Annual Prime Retail Rental Growth of over 20%. London remains a key global luxury retail city which is reflected in the increase in store openings in 2024. Bond Street saw 10 new luxury store openings, up from eight in 2023. The new luxury brands include Diptyque at 107 New Bond street, Moncler at 43-44 New Bond street, Jacquemus at 33 New Bond street. US private equity investor Blackstone acquired landmark retail property at 130-134 New Bond street, that is leased to luxury brands such as Breitling and Church’s. The United Kingdom represents a market of 22.6 billion euros in Luxury Retail Sales in 2024, up by 5.9% since 2023. 3 – José Ortega y Gasset street, Madrid, Spain José Ortega y Gasset street in Madrid, Spain, is the third-best luxury shopping street in Europe with an Annual Prime Retail Rental Growth of over 20%. Spain represents a market of 7.1 billion euros in Luxury Retail Sales in 2024, up by 1% since 2023. 4 – Avenue des Champs-Élysées, Paris, France Avenue des Champs-Élysées in Paris, France, is the fourth-best luxury shopping street in Europe with an Annual Prime Retail Rental Growth of between 5-10%. Luxury watch brand IWC Schaffhausen opened a store with 232 sqm in Avenue des Champs-Élysées in May 2024. France represents a market of 24.5 billion euros in Luxury Retail Sales in 2024, up by 2.9% since 2023. 5 – Bahnhofstrasse street, Zürich, Switzerland Bahnhofstrasse street in Zürich, Switzerland, is the fifth-best luxury shopping street in Europe with an Annual Prime Retail Rental Growth of between 5-10%. It is the prime shopping street in Zürich. New luxury stores include Balenciaga, Tumi and Tudor. Switzerland represents a market of 5.2 billion euros in Luxury Retail Sales in 2024, up by 8% since 2023. 6 – Rue du Rhône, Geneva, Switzerland Rue du Rhône in Geneva, Switzerland, is the sixth-best luxury shopping street in Europe with an Annual Prime Retail Rental Growth of between 5-10%. New luxury stores include Dior and Hermès. Switzerland represents a market of 5.2 billion euros in Luxury Retail Sales in 2024, up by 8% since 2023. 7 – Avenida da Liberdade, Lisbon, Portugal Avenida da Liberdade in Lisbon, Portugal, is the seventh-best luxury shopping street in Europe with an Annual Prime Retail Rental Growth of between 5-10%. Avenida da Liberdade continued to attract new luxury brands in 2024, with a total of five new openings. Here are all the luxury brands that opened in Lisbon’s Avenida da Liberdade in 2024: 1 - Italian fashion brand Paul & Shark opened a 190 m² store in the Liberdade 242 building in December 2 - Italian furniture design brand Molteni&C opened its first flagship store in Lisbon at Liberdade 254 in May with around 400 m² spread over two floors. 3 - Patek Philippe , in partnership with David Rosas, opened its first boutique in the Liberdade 12 building in September. Measuring approximately 200 m², this store houses a bar and a private VIP room. 4 - IWC Schaffhausen , in partnership with the Tempus Group, also opened its first boutique in Portugal at 117 Avenida da Liberdade in December, featuring a bar and works by Portuguese artist Camila Nogueira. 5 - Cartier has reopened its flagship store in Lisbon, at no. 240. “Avenida da Liberdade is the destination par excellence for international luxury brands, and the fact that it is located in the prime CBD – where the headquarters of major companies and 5-star hotels are located – creates the perfect habitat for these brands,” stated Maria José Almeida, Associate and luxury retail specialist at Cushman & Wakefield Portugal, adding: “The vacancy rate on Avenida da Liberdade is just 2%, the same as that recorded at the end of 2023. The continued demand on this artery of the capital has driven the growth of rents, which have risen by more than 9% since the end of 2023.” Portugal represents a market of 0.9 billion euros in Luxury Retail Sales in 2024, up by 4.9% since 2023. 8 – Serrano street, Madrid, Spain Serrano street in Madrid, Spain, is the eighth-best luxury shopping street in Europe with an Annual Prime Retail Rental Growth of between 5-10%. At Calle de Serrano and Calle de José Ortega y Gasset in Barrio Salamanca, the most exclusive area in Madrid, the new luxury stores include LVMH brands Fendi, Rimowa and Tiffany and Co. Other new luxury brands stores include Herno and Golden Goose. In 2025, Madrid’s luxury shopping street will include brands such as Van Cleef & Arpels, Chopard and Carrera y Carrera. Spain represents a market of 7.1 billion euros in Luxury Retail Sales in 2024, up by 1% since 2023. 9 – Passeig de Grácia, Barcelona, Spain Passeig de Grácia in Barcelona, Spain, is the ninth-best luxury shopping street in Europe with an Annual Prime Retail Rental Growth of between 5-10%. Three new luxury stores opened in Passeig de Grácia in Barcelona in 2024, including watch brands Panerai and Tudor. Spain represents a market of 7.1 billion euros in Luxury Retail Sales in 2024, up by 1% since 2023. 10 – Biblioteksgatan, Stockholm, Sweden Biblioteksgatan in Stockholm, Sweden, is the tenth-best luxury shopping street in Europe with an Annual Prime Retail Rental Growth of between 5-10%. Sweden represents a market of 1 billion euros in Luxury Retail Sales in 2024, up by 1.9% since 2023.

Leading Swiss wealth management group Julius Baer opens an office in Lisbon - Portugal Business News Portugal investment news - Leading Swiss wealth management group Julius Baer opens an office in Lisbon’s iconic Avenida da Liberdade.   The new Julius Baer office in Lisbon aims to attract wealthy foreigners who have moved to Portugal.  The Julius Baer office in Lisbon’s Victoria Building measures nearly 800 square meters as the wealth management group aims to take advantage of the fact that more and more wealthy foreigners are choosing Portugal to live, as reported by Bloomberg in April.     Real estate consultant JLL advised Julius Baer on the placement of its new office in Victoria Building, emphasizing that location was a decisive factor for the Swiss bank to set up shop on the iconic avenue of Portugal’s capital.   Julius Baer is the international reference in wealth management, based on a solid Swiss heritage based in Zürich.  The Julius Baer Group is present in over 60 locations worldwide, including the Head Office in Zurich, Bangkok, Dubai, Dublin, Frankfurt, Geneva, Hong Kong, London, Luxembourg, Madrid, Mexico City, Milan, Monaco, Mumbai, Santiago de Chile, São Paulo, Shanghai, Singapore, Tel Aviv, and Tokyo.