In a statement, the consultancy firm stated that the city “is experiencing economic and tourism growth, accompanied by demographic changes, but urban space is experiencing limited expansion.” This limitation has consequences such as “increasing pressure on housing, commerce, and services, causing challenges that affect all sectors of the real estate market.”

José Maria Moutinho, Research Director at CBRE Portugal, quoted in the press release, states that “Porto, in the residential sector, faces a paradoxical situation: despite a high inventory of vacant properties, prices continue to rise. The city is losing population due to natural population growth but gaining through migration, which alters housing demand and puts pressure on the market in the short term. Furthermore, households have shrunk in size over the past few decades, which, given a housing stock with disproportionately large homes compared to current needs, creates a disconnect between available supply and existing demand.”

Office Supply

CBRE states that, when it comes to offices and logistics, the availability of space is low when compared to other European cities. The lack of supply and growing demand ultimately drives up prices, which, according to the consultancy, have been observed.

2025 is marked by a “significant return of investor appetite,” in a city that represents “25% of the volume of investment in office space,” which results in an increase of 20%, compared to the results of the previous decade.

Tourism Offers

Regarding tourism, the number of guests has increased fivefold since the early 2000s. The concentration of tourists ends up directly impacting “the value of hotel assets and street commerce, reinforcing the motivation to include other attractions in Porto’s tourism package, attractions capable of extending the city break experience and diluting the guest load in other adjacent areas – and these attractions exist in the Douro.”

Porto’s trajectory regarding tourism remains positive, with 85% of tourists coming from various parts of the world. It is worth noting that growth is most visible in the North American markets, with the arrival of citizens from the United States of America and Canada.

CBRE states that the hotel sector “accompanies this dynamism, demonstrating an interesting balance between rehabilitation and new construction.”