The real estate and construction sector leads the creation of new companies in Portugal
- Redação Mudei e Agora
- 3 days ago
- 2 min read
The real estate and construction sector has once again assumed a central role in the Portuguese economy in 2025 — not only in terms of prices and transaction volume, but also as an engine of entrepreneurship. Registrations of new companies show a remarkable growth in the number of new companies linked to real estate and construction up to November, placing these sectors among the main generators of new business initiatives in the country.
Why is this relevant?
Firstly, it reveals the confidence of private actors — developers, construction companies, associated services, consultancies — in the existence of future demand and sufficient margin for investment. This creation of companies translates into direct effects on employment (construction, project management, sales, real estate marketing) and indirect effects on supply chains (materials, energy, technical services). At a time when many European economies are cautious, the Portuguese dynamic points to resilience and the capacity to absorb investment.
However, there are two critical factors to consider. The first is the balance between supply and affordability. More companies in the sector can accelerate the supply of new housing and rehabilitation—good for supply—but if the focus is predominantly on high-end products or residential tourism, it could exacerbate the pressure on affordable housing. Pressure on urban land and the requalification of existing stock require well-calibrated urban and fiscal policies to ensure that business growth does not occur solely in high-income niches.
The second vector is the credit and cost cycle. The health of new ventures depends on access to financing (mortgages, business credit, project finance) and cost stability (raw materials, labor costs). If interest rates remain contained and there is confidence in the flow of buyers/tenants, new companies will have room to grow. Conversely, sudden changes in the cost of capital can force project reassessments and delays.
For investors and stakeholders, the main practical implication is the opportunity for diversification: services related to energy efficiency, urban rehabilitation, tech proptech (portfolio management, marketplaces), and construction logistics tend to benefit. Local and national authorities have a decisive role to play—urban planning, incentives for the construction of affordable housing, vocational training for construction, and licensing acceleration mechanisms can transform this entrepreneurial drive into a broader social gain.
Conclusion:
The surge in business creation in real estate and construction is a positive sign of dynamism, but it will only be sustainable if accompanied by policies that guarantee diverse supply, stable financing, and social inclusion. The sector now has a window to show that growth and equity are compatible—it will be up to developers, investors, and public decision-makers to translate this potential into concrete projects that improve habitability and the local economic fabric.
Source: Idealista — “Real Estate and Construction Lead Business Creation” (December 14, 2025).
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