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Portugal property market set for huge improvements

Commercial real estate is forecast to double in Portugal this year, according to forecasts from real estate services firm Cushman & Wakefield Inc, published on property website Property Abroad.com.

According to Cushman & Wakefield the economy of Portugal is expected to receive an impressive boost from foreign investments, given the growing interest specifically shown towards Portugal’s real estate sector. 
Cushman & Wakefield anticipates the spending on commercial properties to rise from €322 million in 2013 to €800 million in 2014 and says investment giants such as the Global Asset Capital, Deka Group and Merlin Properties SA are keenly eyeing the Portugal real estate market, looking to buy commercial property in the country.

Source: TPN

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