New Commercial Real Estate Developments in Portugal
What are the types of commercial real estate development.
Commercial property development types are based on the purpose, design, and usage of the buildings, which can range from office buildings suitable for single or multiple businesses, often with common areas, mixed use and shared facilities.
Retail type developments in France encompass retail stores, restaurants, and entertainment venues, usually located in suburban areas, often within a row of stores along a parking lots.
On the larger scale industrial properties such as warehouse space used for goods and inventory, often featuring high ceilings and loading docks. Manufacturing plants designed for the production of goods and products, and distribution centers for goods are stored temporarily before being distributed to stores or customers.
Hotels and Motels also come under the commercial development category, offering lodging services, often with additional amenities like restaurants, conference rooms, and pools.
Medical and healthcare developments including emergency services and specialized care, designed for medical practices, such as dentists, physiotherapists, or general practitioners.
On the entertainment side of real estate development are cinemas, theaters, stadiums, arenas, and recreational centers built for events and athletic activities.
Each type of commercial property development in France involves its own set of considerations, such as zoning regulations, financing methods, and market demand. Developers typically assess factors like location, potential tenant demand, and the overall economic climate before proceeding with a development project.
Why Buy or Invest in New Real Estate Developments in Portugal.
While property prices in Portugal have risen, they are still relatively affordable compared to other European countries like France, Spain, and the UK.
The demand for real estate is growing, but there are still opportunities to find properties at competitive prices, particularly in up-and-coming areas.
Portugal offers a Golden Visa program, which allows non-EU investors to obtain residency by purchasing real estate that meets certain criteria. This is particularly attractive for those seeking access to the EU market and the opportunity for a second passport.
As sustainability becomes more important globally, there is increasing demand for eco-friendly and energy-efficient buildings. New developments in Portugal often incorporate these features, making them attractive for environmentally-conscious investors.
