The greatest challenges for Portuguese real estate investment

The greatest challenges for Portuguese real estate investment
Manuel Puerta da Costa
APAF - Portuguese Association of Financial Analysts, Chairman of the Board of Directors

Sustainability of supply and demand at levels that enable Portugal to stay on the radar of international investors who seek high investment volumes, guaranteed by a gradual evolution of the rates of return, as well as property rental and sale prices.

Quality of the intervening agents in terms of supply and brokerage, as well as management and demand for real estate investment, with great transparency and thoroughness in order to reduce the asymmetry of information and the high red tape costs that are ever present in this market.

A legal and fiscal framework pertaining to real estate investment, that is not only favourable to the development of a more sophisticated real estate investor market, but is above all stable, reliable and predictable in the short- and medium-term, without constant mutations and reversals of legal diplomas that occur at the whim of the political power that is exercising its executive government functions after each election cycle. It will always be a major challenge, for this or any sector, to have a Government that is less interventionist and allows the sector a greater degree of self-regulation.

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