On September 9th 2019, the first amendment to the Real Estate Investment and Management Companies (SIGI) regime approved in January 2019 came into force. The recent amendment makes the scheme more internationally competitive.
Until recently, Miami had been considered one of the main choices of Brazilian real estate investors. However, driven by the increasing anti-immigration policies implemented in the United States, Brazilian citizens are increasingly choosing Portugal. as an investment destination, with a special focus on Lisbon and Porto.
Earlier this month, the Dubai Land Department (DLD) released its plans to implement a new Real Estate Investment Opportunities (REIOs) initiative to expand the property investment market of Dubai. The purpose of this updated expansion is to appeal to a more diverse range of real estate investors.