Real Estate Investment Funds in Portugal with Record Returns in 2024

Real estate investment funds in Portugal register historic return of 35.1% and asset growth above the European average

Real estate investment funds in Portugal recorded a historic average return of 35.1% between November 2023 and November 2024, according to data from the Portuguese Association of Investment Funds, Pensions, and Heritage (APFIPP). This exceptional result is driven by increased demand for properties, the lifting of rent ceilings, and the completion of strategic transactions, as reported by Jornal Expresso.

The Securities Market Commission (CMVM) also marks an important milestone: the volume of assets under management by the 284 national real estate funds reached 15.9 billion euros in November, a 9.84% increase compared to the previous year. This growth rate is almost seven times higher than the Eurozone's, which recorded an increase of only 1.45% up to October, according to data from the European Central Bank.

Real estate investment funds in Portugal continue to focus on service properties (36.7%), retail (29.7%), and residential (14.8%), consolidating their position in a rapidly appreciating market. This marks the third consecutive year in which national funds have outperformed the European average, following a decade of growth below the regional trend.