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A total of 33.3 billion euros was the foreign investment made in the Portuguese real estate market in 2016

Posted by on June 26, 2017
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A record value, where the French, Brazilians and Chinese were the major investors. The luxury real properties in the center of Lisbon were the preferred assets of these investors.

 

Competitive prices, the potential for good return through rental in the future, tax benefits, and programs such as the Residence Permit for Investment Activity (ARI), in combination with the climate, hospitality, and security, are among the main competitive advantages Portugal offers over its competitors. Despite these indicators, the sharp and continuous inflation of property prices, associated with the delay in renewal and granting of ARI (“Gold Visas”), and, investors’ distrust of the current government’s tax policy, threaten the sector and the national economy, in general.

These are some of the topics to be discussed at “The Real Estate Sector as a Lever of Economic Growth in Portugal”, a conference organized by Quintela & Penalva – Real Estate, a real estate consulting firm specializing in premium real estate for the upper middle and upper classes’ market segment, taking place on June 1, at the Ritz Hotel.

The initiative is part of the celebrations of the firm’s 13th anniversary and includes a round table on the theme “The importance of the Real Estate Sector for the Capture of Direct Foreign Investment”, aimed at discussing the challenges faced to consolidate the industry’s growth and the best strategies to attract new investors. The consulting firm will also be presenting its financial results and strategic plan for the 2017/2018 biennium.

Fonte: Jornal Económico