Analysis & Insights

Over the past 30 years, the S&P 500 has outperformed Portuguese housing on appreciation alone, but real estate adds rental income and leverage to the equation.

In December 2025, for the first time, more was spent building data centers than offices in the U.S.: $3.57 billion versus $3.49 billion.

The right answer depends on the property, not the channel.

The south bank of the Tagus is no longer cheap, after years of price growth driven by Lisbon and remote work.

Everything starts with total cost. Not the purchase price.

The current pressure isn’t coming from materials—but it may end up there. The question is when and whether the market is ready for it.

There’s a part of the economy that AI still hasn’t reached

Is Lisbon expensive or cheap? Both