Around 2,000 million euros are invested each year in real estate in Portugal.
Source: Pexels
Author: Redaction
It
is as a result of the tax exemption and tax benefits applied in the
real estate sector that, per year, around two billion euros are invested
in the Portuguese market. This reality contributes to the
attractiveness of new investments,
especially those of large capital, by foreign banks and pension funds.
Despite being a positive sign for the sector, the investment that comes
in the wake of the low taxes applied, favours an "unadjusted allocation
of capital", which could be applied in other economic sectors at a
national level.
According to calculations made by
Susana Peralta, a professor at Nova SBE,
this data on real estate transactions became known, which allows the
conclusion that real estate investment made in Portugal takes into
account, above all, the great tax advantage over the profitability of
businesses, which exceeds 2,000 million euros, and even so is considered
by the researcher, an
"extremely conservative" value.
The professor also states:
"We must have a much wider and transparent public debate about tax benefits",
claiming that in our country there is insufficient information about
who does or does not benefit from these tax rules, reiterating that
"(...)
there should be transparency about the houses that are built, the price
per square meter and the income decile to which they are destined".
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