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Mexto Property Investment continues to invest in Portugal despite high inflation, rising construction costs, and ongoing interest rate hikes. Miguel Cabrita Matias, a board member of Mexto Property Investment, told idealista/news that the specialized Swiss real estate firm, which focuses on the premium segment, is prepared for the challenges facing the real estate market. He noted that the demand for luxury properties in Portugal continues to grow, and the company plans to launch several new projects in the Algarve.

Mexto Property Investment started its operations in 2017 and has since completed around 16 projects, of which four to five have been sold.

They also shared their plans regarding new projects in the Algarve, including projects in Vale do Lobo, Vale Garrão, and Monte Gordo, with a total cost exceeding 50 million euros.

The company also discussed the importance of increasing the housing supply for the middle class and outlined the need to reduce VAT on new construction.

Overall, Mexto Property Investment confirms its interest and intention to continue investing in Portugal.