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In recent years, urban rehabilitation has established itself as one of the main trends in the Portuguese real estate market. But do you know why?
In recent years, urban rehabilitation has established itself as one of the main trends in the Portuguese real estate market. But do you know why?
In the face of the scarcity of new construction and the aging of the housing stock, the revitalization of old buildings has become a strategic and sustainable solution, with benefits for both real estate investors and local communities.
This rehabilitation movement not only responds to the need for heritage renewal, but also contributes to keeping the historic centers of the cities alive.
Urban rehabilitation grows in the Portuguese real estate market
The real estate market has found in urban rehabilitation an efficient response to the limitations of the housing stock. In cities such as Lisbon and Porto, the requalification of degraded buildings can contribute to increasing the supply of housing, benefiting communities. But not only: sectors such as tourism and commerce also have to gain from this strategy.
The growing demand for properties located in rehabilitated urban areas, especially in the context of historic centers, has been valuing these spaces, transforming what were often underused places into poles of attraction.
And there are reasons for optimism. Recent data from AICCOPN show a trend of recovery in the activity of companies operating in urban rehabilitation.
Policies and incentives for urban rehabilitation
One of the factors that drives this segment is the implementation of favorable public policies. Programs such as the Urban Rehabilitation Regime or the New Urban Lease Regime (NRAU) create incentives and conditions for investors, both national and foreign.
These initiatives not only facilitate safe real estate investment in urban areas, but also promote the sustainable renovation of buildings, improving energy efficiency and reducing carbon emissions.
Rehabilitate to revitalize cities and historic centers
In addition to the economic impact, urban rehabilitation plays a crucial role in preserving the architectural and cultural heritage of cities. By recovering old buildings while respecting their historical identity, this strategy helps to revitalize areas that would otherwise be subject to degradation.
For the Portuguese real estate market , this is a strategic opportunity that combines asset appreciation, economic development and environmental sustainability. With the continuity of incentives and the growing interest of investors, this segment will continue to be one of the engines of real estate dynamism in Portugal, ensuring more lively, inclusive cities prepared for the challenges of the future.