We live in an uncertain world, where the real estate market is no longer just brick and mortar, but a reflection of shifting geopolitical currents. As a consequence, city managers and developers must foresee how these events influence their policies. As an example, having a Plan B has become a key decision factor for foreign investors when selecting real estate acquisitions for private or investment purposes. For many, a vacation home is an opportunity to secure a secondary home base in a safe country.
The proposed new immigration law is not just a vote against immigration, but an effort to control the quality of applicants seeking a Portuguese passport and an effort for better integration into society. Despite the recent influx of foreign buyers, our research shows that Portugal’s non-resident population is around 10%, which is below the USA’s 15%, Germany’s 20% and Switzerland’s 30%. Portugal has the space and infrastructure to support a higher non-resident population, and we believe that the current trend will continue for the foreseeable future. The country will ultimately benefit economically from the inflow of wealth and ideas.
MYREI Real Estate Investment was founded with this in mind, combining Swiss exactitude with Portuguese real estate development opportunities. We are investment advisors, real estate brokers and developers connecting capital, ideas and properties. We have the capacity to turn visions into the finished product by maximizing the value of the land and transforming it into excellent investment opportunities. One of our core values is a strong focus on sustainability, which extends far beyond energy efficient structures and includes a respect for nature, the existing history and culture, and the opportunity to contribute to the local economy.
Portugal’s laws and administrative hurdles can act as deterrents for inexperienced buyers and investors. This is why we have created an extensive network of trusted local experts including architects, engineers, lawyers, tax experts, builders and realtors; so that our clients and partners can navigate the market with confidence. We specialize in the residential, tourist and senior living market segments, representing existing opportunities. For new projects we favor the areas south of Lisbon and the Eastern Algarve, reflecting our belief that these regions hold the greatest potential to achieve above-market returns for all stakeholders.