Expert Call to Action: How to Unlock Portugal's Real Estate Potential
In a significant statement for the property sector, top real estate lawyer Patrícia Viana of Abreu Advogados has identified three critical reforms to stimulate the market. For foreign investors, her proposals—lowering construction taxes, streamlining licensing, and reinstating the property option for the Golden Visa—represent a roadmap to a more profitable and accessible investment environment in Portugal, particularly in Lisbon.
What Foreign Investors Need to KnowViana's proposals directly address the primary concerns of international buyers. Reducing the high tax burden on construction would lower development costs, potentially leading to more competitive property prices. A faster, less bureaucratic licensing process means that new projects can be completed more quickly, increasing housing supply and reducing investment risk. "The most impactful change would be the return of the real estate Golden Visa," a market consultant noted. "This was a primary driver of the premium market in Lisbon and the Algarve. Its reinstatement would immediately recapture the interest of a global pool of high-net-worth investors seeking a foothold in Europe."
Actionable Steps for Today's Buyer- Monitor Tax Policy: Keep a close watch on government discussions around reducing taxes on construction and property transactions. Any favorable changes could significantly lower your investment costs.
- Lobby for the Golden Visa: Support industry calls to bring back the real estate option for the Golden Visa. This policy change would dramatically increase the value proposition of a Portuguese property investment.
- Seek Expert Legal Advice: Navigating the current licensing and tax environment requires expert guidance. Partner with a legal team that understands the intricacies of Portuguese real estate law to de-risk your investment.
- Identify Pre-Reform Opportunities: Investing before these potential changes are implemented could yield higher returns, as the market would likely see a surge in prices and demand if they come to pass.
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