Real Estate Investors Roadmap Portugal...
THE REAL ESTATE SECTOR AS THE BASIS FOR THE COUNTRY'S ECONOMIC RECOVERY!!!...
Before the arrival of the COVID-19 pandemic, the Portuguese real estate market was experiencing times of dynamism and vivacity, perhaps on an unprecedented scale. The health crisis we are living through and the consequent economic crisis threaten to interrupt this growth. However, many of the factors that made Portugal, and Lisbon in particular, so attractive, especially to foreign investment, have not disappeared.
Political, economic and social stability, socio- demographic factors, geographical location and affordable prices continue to make Portugal a unique investment destination in Europe. The crisis generated by the pandemic will be global and its effects unpredictable. But the inherent characteristics of our country will allow it to continue to be a destination of choice for people or for companies that wish to host their businesses here.
There is one element in this whole equation that will be fundamental to minimise the impacts of the crisis and the resulting instability: CONFIDENCE!!!... It is crucial to maintain the confidence of the population and not succumb to fear. From the very beginning, Portugal has been pointed out as one of the main examples in the management of the health crisis. Now, in a second phase of deconfinement, the numbers are a little worse. But we are still a long way from the peak that some European countries have unfortunately reached over the last few months. And we can say with a
high degree of certainty that the health situation in Portugal will not get out of hand.
In other words, if we add health security to political and social stability, low interest rates at affordable prices compared with the main European cities, unique climatic conditions and the fact that Portugal is repeatedly considered one of the safest countries in the world, there is nothing that can turn away those who intended to invest in Portugal or who may want to do so in the future.
Portugal and its major cities - namely Lisbon and Porto - are changing. They are increasingly modern, disruptive, or, as they say these days, trending. They are increasingly the ideal place for technological startups to settle.
Attracting foreign investment in the real estate market, positioning Portugal as a hub for retirees and executives, for example through a reform of the system of residence permits per investment, stimulating this fundamental sector, should be one of the cornerstones of the whole strategy. All the conditions are in place to achieve these objectives. Just take advantage of them.
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