
"Portugal's reputation as a safe country to invest in may be compromised, given the continuous legislative and fiscal instability that impacts the real estate market". This warming is given by the Association of Real Estate Consultancy and Assessment Companies (ACAI), which reveals, in a statement, that it participated in the public consultation promoted by the Government in the scope of the "More Housing" Programme - which is already in the Assembly of the Republic to be discussed.
The association, which represents the main real estate consulting companies operating in Portugal - B. Prime, CBRE, Cushman & Wakefield, JLL, Savills and Worx -, criticises "all measures that affect the attraction of investment to the national market" and calls for the implementation of public policies that are consensual, in order to bring confidence to all operators, which are "fundamental to fill the lack of housing supply.
In the document delivered to the Executive, in which it says it has put forward measures that it considers to be fundamental for a stabilisation of the sector and consequent increase in housing stock, ACAI highlights "the urgency of expediting the issuance of use permits and licensing, whose slowness are factors that weigh on the final cost of construction and consequently the final price of housing, both for owners and for tenants.
Quoted in the note, Jorge Bota, president of ACAI, challenges the Executive to call all players in the real estate sector to participate in the discussion of the issue in Parliament, "so that we can reach a Law that truly creates solutions and that has adherence to the reality of the market."
"Without private initiative the State will not solve the problem, and therefore the ACAI is in a privileged position to, in collaboration with Parliament, obtain a framework that allows what everyone wants, more affordable housing for all", he concludes.