With immediate effect, Savills has combined its Spanish and Portuguese businesses into Savills Iberia. The new platform, consisting of over 1000 employees, will be led by Jaime Pascual-Sanchiz, CEO Savills Iberia. Pedro Figueiras has been appointed Head of Lisbon, while Ricardo Valente will continue to serve as Head of Porto.
According to Savills most recent European investor sentiment survey, at a country level, Spain has become the most popular investment market, up from fourth place in 2024, supported by strong economic growth prospects delivering rental growth. Portugal also rose year-on-year following a stronger economic performance.
The Iberian economies are forecast to remain among Europe’s fastest growing economies through 2026, reinforcing their appeal to institutional and cross border investors seeking long term stability and income growth. There is also a positive outlook for Iberia in terms of inflation and employment, with improving GDP per capital, and Oxford Economics anticipates that across Europe, Central and Eastern Europe and Southern European economies are expected to record the strongest GDP growth this year.
James Sparrow, CEO UK and EMEA at Savills, says: “Savills Iberia will operate as one region, reflecting the way in which our clients operate, to allow us to ensure a seamless service within Iberia. We have built out our teams across the region to ensure a full-service offer, most recently launching a rural division and boosting our residential teams. This follows the successful launch of our Savills Central and Eastern Europe platform in 2023.”
Jaime Pascual-Sanchiz, CEO Savills Iberia, says: “Savills Iberian platform will see divisions and teams join to leverage the strengths of both businesses. Closer collaboration will help us optimise operational support, and this is a huge opportunity for us to grow market share as a combined force for the benefit of our clients.”
Savills is already the market-leading real estate advisor in Iberia, and this move will further strengthen its position.
