Portugal sees €6.7 billion in foreign direct investment during H1 2026

Foreign direct investment (FDI) in Portugal reached €6.7 billion in the first half of 2026, according to data from the Banco de Portugal. This represents a significant recovery compared to the negative values recorded during the same period in 2025. Of this total, €1.7 billion was directed toward real estate.

Investment from European countries led the influx, with notable increases from France and Spain. These gains were partially offset by a €4.6 billion reduction in investment from Luxembourg. By the end of June 2026, the total stock of FDI in Portugal stood at €225.1 billion, representing 71% of the nation's GDP.

In the commercial real estate sector, investment reached €1.4 billion during the first half of 2026, a 13% increase over the previous year and the strongest performance since 2020. Investment is shifting beyond residential properties toward hospitality, industrial, and logistics assets, which accounted for approximately 58% of second-quarter investment. Hotel investment specifically saw an 82% year-over-year increase, totaling approximately €512 million.