Real estate is a "less volatile" investment when faced with uncertainty
This might be a strategy adopted by investors who are looking into the market for safer investments.
José Gavino, Director for Portugal at management asset company Corum says so and he guarantees that «real estate is always a less volatile investment than the stock Exchange for investors and even more so during times of turbulence».
The Portuguese real estate market currently shows «an enormous diversity, within a dynamic and interesting sector, in the long-term», assured José Gavino in a release sent to Negócios.
Corum currently has a 6 retail asset portfolio in the country, spread across the Northern (4) and Central (2) regions, according to data from the company’s official webpage.
Its latest operation in Portugal took place last April when it purchased the 7.700 sqm asset currently occupied by Pingo Doce in Grijó, Vila Nova de Gaia for around 7.9 million euro. This transaction was carried out through its fund Corum Origin created in 2012 which already has 126 buildings in 13 countries within the Eurozone, with a yield of around 6%.