APPII in overseas property promotion drive

The Secretary of State for Internationalisation, Eurico Brilhante Dias said that he would study the setting up of a plan to promote Portuguese real estate internationally.

The plan is a project that would be undertaken in partnership with the Portuguese Association of Real Estate Developers and Investors (APPII) and the government overseas investment and promotion agency AICEP.
Says Vida Imobiliária, the announcement was made on Wednesday at the XXXI Executive Breakfast Session of the APPII (held online) in which the secretary of state was the guest speaker.
During the discussion, Eurico Brilhante Dias stressed that: “real estate is an important and strategic area for the future of the country, namely regarding attracting flows of overseas capital and for developing business projects in Portugal,” he said.
“It is important to create new jobs, better wage conditions and higher capital yields. Without this sector, there will not be opportunities for others. We need the real estate sector in Portugal to become a better country,” he added.
On the other hand, he thinks that the sector is strategic in “developing and bringing value a county or an area within it that needs to attract resources. It is an effective and necessary path in order for Portugal to continue being an open country.”
The minister said that the construction and real estate sectors “have a multiplying knock-on effect. Placing value in them is particularly important at times of crisis. Construction here has a decisive role, moreover it was one of the few sectors that did not come to a standstill during lockdown. It (the pandemic) has affected other industries and we have to take care in the coming months until we can achieve herd immunity,” added the minister.
Eurico Brilhante Dias said that with the APPII and AICEP “we can think about ways of coming up with a package of measures to promote the sector internationally. There is lots of scope to promote Portugal in Brazil, China, India, the United States and Europe and we have to see how we can complement the activities of private entities,” he said.