Retail development offers retail spaces, which can be cyclical and involve multiple stages. Retail development which comes under the category of commercial real estate development can include new stores, shopping centers, or other retail spaces.
Retail development significantly contributes to the generation of tax revenue for the government. Through sales taxes, property taxes, and other levies, the retail sector becomes a reliable source of revenue for public services such as healthcare, education, and supports the overall infrastructure development market.
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.
