Savills has bought Portuguese residential and commercial real estate company Predibisa, expanding its presence in the country to more than 100 employees.
Presibisa has some 30 employees based in two offices in Porto (pictured) and is led by Rui Branco. Both offices will be retained. The team has been providing residential and commercial real estate advice in the north of Portugal for more than 30 years and is regarded as the market leader in Porto.
Savills has had a presence in the Portuguese market since 2018 and now employs 120 people in the country, with existing offices in Lisbon and Porto.
In 2022, commercial real estate investment volumes reached €3.3bn (£2.8bn) in Portugal as the country continued to be seen as a safe haven for investors. The market is underpinned by strong fundamentals, attracting an increasingly diverse range of investors and occupiers looking to expand their activity on the European continent.
The residential market has been one of the main drivers of international investment in the country in recent years, with sales figures already exceeding pre-pandemic levels.
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