2022 tourism overnight stays has reached 2019 levels in Portugal, positively impacting high street retail. Shopping centre total sales also exceeded 2019.

  • Retailers and consumers confidence remains negative, although consumers have shown a slight improvement in December.
  • In Shopping Centres managed by CBRE total sales are already 15% above 2019
  • There are currently a relevant number of stores in Lisbon under fit-out works, that should open over the upcoming months. Prime retail axis continues to have an interesting demand.
  • Porto’s tourism flow reached a record high in 2022, positively impacting footfall in prime retail axis.