Investors Association applauds creation of real estate management companies

The Portuguese Association of Promoters and Real Estate Investors (APPII) today considered that the creation of Investment and Real Estate Management Companies (SIGI) will strengthen real estate investment in Portugal and boost the rental market. On 10 January, the Council of Ministers approved the creation of SIGI (or Real Estate Investment Trust - REIT), a real estate investment vehicle long claimed by the sector.

For APPII the measure "is very welcome and right", will allow to channel international investment to the creation of more real estate offer, including in the housing sector.

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