This edition also features insights from Filipe Santos, Castro Group’s CBDO, on the urgent need to unlock mechanisms that increase supply and ensure the viability of real estate projects.
“Yes, but there is an urgent need to implement a strong, sustainable and consistent housing policy that addresses the major obstacles: scarce skilled labour, rising construction costs, inadequate tax policies and excessive licensing bureaucracy. To accelerate development and increase supply, it is essential to simplify urban planning processes, create public-private partnerships, regenerate the vacant building stock, reduce the VAT rate and invest in training.
In a low-income economy, incentives to purchase a first home are important, but insufficient, and individually, can aggravate imbalances. Therefore, it is also vital to focus on the rental market and create mechanisms that protect landlords and provide legal and fiscal stability.”
Filipe Santos – Chief Business Development Officer