Still much to do

Urban rehabilitation is the order of the day. The real estate market to grow; tourism with a positive performance in the national economy and some government programs dedicated to the urban requalification dynamize this sector.

Reis Campos, president of the Association of Industrial Construction and Public Works (AICCOPN), believes that urban rehabilitation has been recognized "as a strategic vector for the future of the country and Portuguese real estate" and is on the "route" of investors due to tourism and the level of foreign investment. However, at the national level, "the state of degradation of the housing stock has not been reversed". "Of the country's 5.8 million households, 1,024,937 are in need of conservation and there are increasing risks for public safety, with more than 200,000 buildings lacking in deep interventions and in danger of ruin." And it points out the "Prospective Study of the Urban Rehabilitation Market", which AICCOPN developed with the Faculty of Engineering of the University of Porto, which highlights the needs of the housing stock and the great diversity that marks the territory, as well as "overcrowding, lack of accessibility, energy shortages, lack of basic infrastructures ". Therefore: "Urban rehabilitation is a challenge for our society."

Regarding the real estate market in Portugal, Reis Campos takes a positive balance, since the investment has increased. "The country has gained a competitive position on an international scale, is taking advantage of a territory of excellence, generating employment and invigorating many other sectors of activity, such as trade and tourism.

This article is an abbreviated version of the original. To read the full article, click here.