Are REITs coming to liven up the Portuguese stock market?

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Real Estate Investment Trusts (REITs) were recently announced by the Deputy Minister of Economy and Economy, Pedro Siza Vieira, within the framework of the Portugal Real Estate Summit, to present a bill to introduce real estate investment trusts similar to Real Estate Investment Trusts (REITs), vehicles that arose in the United States and that already exist with the designation of SOCIMIS.

These vehicles are characterized by being entities real estate investment listed with their own tax regime, with a corporate purpose generally limited to investment in real estate assets (either directly or indirectly through holdings of holdings in other companies), and investment requirements per volume of income that have to be distributed, as well as having minimum asset maintenance periods. The purpose of these vehicles is to facilitate the access of the general public (and in particular the small and medium-sized investors) to the company's shares which are freely tradable in the market and, indirectly, to real estate property, while professionalizing its management.