Portugal real estate: maintaining the level of foreign investment

O ODEON Properties is known to have started operations in Portugal in 2013. During this period they have developed and promoted about 10 projects, all of them in the historic center of Lisbon. Company partner, Georges Capelu, said that now, after ten years, the company is looking at other geographic markets, including a large project on the Caparica Coast, one of the world's "coolest" areas in 2023. This project involves the construction of about 200 apartments and 90 villas. He also warns the government to maintain the level of foreign investment.

The attractiveness of Portugal as a real estate investment destination

is a hot topic, and the Socialist government has decided by majority to abolish the Non Habitual Residents (NHR) regime in addition to the golden visas. In an interview with idealista/news, Georges Capelu argues that "the government must continue to create conditions for investors, otherwise they will stop investing and real estate prices will continue to increase." It also proposes to create similar conditions that existed in the 80s and 90s to solve the housing crisis facing the country.

Plans for the next decade

ODEON Properties also announces its plans for the next decade. They purchased a plot of land on the Caparica coast overlooking the Atlantic Ocean and the mouth of the Tagus River.

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Here, a project with around 200 apartments and 90 villas will be developed, targeting a broad market segment, but with the same goal of offering customers a better lifestyle through a variety of amenities and good relations with the local community.

Other projects in development

The company also has other projects in development, including Secret Garden Villas, a complex of 11 villas in Lisbon. ODEON Properties has already invested around 50 million euros in its first decade, including the Secret Garden Villas project. The project in Kaparik involves a total investment of about 200 million euros.

Clients of ODEON Properties

Clients of ODEON Properties are diverse - both locals and foreigners. They buy real estate for permanent residence and as an investment to rent out or use as hotels. Foreign buyers are dominated by citizens of other countries who are attracted by Portugal's safety and relatively low real estate prices.

Despite possible problems such as changes in legislation, such as the abolition of the golden visa program, investors still look at Portugal as an attractive place to invest in real estate. However, to maintain high levels of investment, the government needs to continue to create a favorable environment for investors.