Morais Leitão and JLL present the 2019 Investment Guide "Real Estate Investors Roadmap - Portugal"

Morais Leitão and JLL jointly present the "Real Estate Investors Roadmap", an investment guide for 2019.

Recently, Portugal was distinguished as an irrefutable destination status for investment, both at the European and world stage. Moreover, this accomplishment stems from the country's assertion in a multitude of dimensions: a cosmopolitan, competitive, innovative and creative country that has consistently gained external recognition as a destination to live, work or visit, attracting investors in all these aspects and from more and more origins of the globe.
Investment in commercial real estate has never reached current proportions in our country, across all real estate segments and with capital sourced from so many countries.
At the same time, the cities of Lisbon and Porto are rejuvenating, focusing on historical centres that were degraded and began to be lived by people of many nationalities. Also, in the residential sector, we have never had so many foreigners from so many different
origins buying properties in Portugal and moving here to work. In the business spectrum, more and more multinationals are choosing Portugal to establish their offices.
Portugal is not only fashionable; this event is here to stay. From the perspective of the international investor community, the country showed an exemplary conduct, revealing transparency and credibility, with a solid and promising path, with a great future.
The very positive and promising factor is that good things never go out of fashion. So, let’s be determined, as a country, to preserve our attributes.
Maintaining common sense in politics and governance as demonstrated in recent years, along with fiscal stability, there is no reason to doubt that Portugal will continue the fantastic path it is already undertaking.
We believe that this journey will no longer be unravelled. And once we have reached this point, following a 2018 where all records were beaten, we strongly believe this is clearly the best time to launch this Real Estate Investors Roadmap in Portugal.
JLL and Morais Leitão thus partner up to provide the best possible information on market practices and legal and tax issues, aiming to facilitate the investor approach to our market.
The real estate market continues to grow attracting new foreign investors that continue year after year believing in Portugal. The still unstable financial markets and the low interest rates will continue to benefit the real estate market.
We believe this Roadmap could not be have been launched at a better time.
The Roadmap aims to provide investors with a legal and tax framework on investment structures and type of investment vehicles, as well as leases, planning and licensing, and financing. Following the important recent changes in the real
estate legal framework, we believe that this is an excellent moment to provide the real estate players with an analysis of the current status of the real estate market in Portugal. This Roadmap also focus on the recently created Portuguese REITs, the so called “Sociedades de Investimento e Gestão Imobiliária” (real estate investment and management companies) (“SIGI”), which follow closely the regulation of the REITs already implemented in several European countries.
Also, the Roadmap already includes the most recent changes to the urban lease legal framework.
We trust that this Roadmap proves helpful for all potential investors willing to invest in real estate in Portugal.