Communication

PT
PT

About Law.
Around People.

SRS Legal
  • About Us

    About Us

    • Who We Are
    • Responsible Business
    • Governance
    • Awards and Nominations
  • Our People

    Our People

    • Full Team
    • Partners
    • Managing Associates
    • Associates
    • Trainees
    • Business Services
    • Of-Counsels
  • Experience

    Experience

    • Our Services
    • Practice Areas

      Practice Areas

      • Administrative and Environmental Law
      • Banking and Finance
      • Compliance
      • Corporate, Commercial and M&A
      • Criminal and Sanctions Law
      • Data Protection and Cybersecurity
      • Dispute Resolution
      • Employment and Social Security
      • ESG
      • European Union & Competition
      • Immigration, Golden Visa and Citizenship
      • Insurance and Pensions
      • Intellectual Property
      • Life Sciences & Healthcare
      • Private Equity & Venture Capital
      • Real Estate
      • Startups
      • Tax
      • Technology, Media and Telecommunications
      • Transport and Maritime
      • Urban Planning Law
    • Sectors

      Sectors

      • Advisory & Services
      • Consumer Markets & Distribution
      • Energy, Utilities & Resources
      • Financial Services
      • Healthcare & Pharma
      • Hospitality, Leisure & Tourism
      • Industrial Manufacturing
      • Infrastructures & Transportation
      • Insurance
      • Public Sector & Regulation
      • Real Estate & Construction
      • Social Economy
      • TMT
    • Desks

      Desks

      • Angola
      • Asia
      • Brazil
      • Francophone
      • Germany
      • Israel
      • Italy
      • Middle East
      • Mozambique
      • Spain
      • Ukraine
  • Locations

    Locations

    • SRS Global
    • Portugal
    • Angola
    • Brazil
    • Macau
    • Malta
    • Mozambique
    • Singapore
    • Ukraine
  • Communication

    Communication

    • Legal Shots

      Legal Shots

      • Administrative Law and Public Procurement
      • European Union & Competition
      • Corporate & Finance - Banking and Finance
      • Tax
      • Employment law
      • Dispute Resolution
    • Highlights
    • News
    • Press
    • Multimedia
    • Newsletters
    • Publications
    • Contacts
    • Career
    • Alumni
    • SRS Updates
    • Restricted Area
Neuza Pereira de Campos: “Real estate investment has become very significant to the Portuguese economy.”
back to communication
Leaders League January 12 2022

Neuza Pereira de Campos: “Real estate investment has become very significant to the Portuguese economy.”

Neuza Pereira de Campos: “Real estate investment has become very significant to the Portuguese economy.”

SRS Advogados' real estate partner discusses the quick recovery of the Portuguese real estate sector.

Leaders League: What have been the most significant developments in Portuguese real estate in the last 12 months?

Pereira de Campos: In recent years it has seen significant growth. Portugal is perceived as a “sexy” and “trendy” place to invest (and to live). In fact, real estate investment has become very significant to the Portuguese economy in general, both directly and through the tourism and leisure sector.

The past 12 months, contrary to expectations, have been no different.

The most significant development, from a practical perspective, is the reassessment and repurposing of assets that might not be so attractive currently, considering the changes the world is facing, so that they can be used for other purposes that are more likely to correspond to market demand.

This is also due to the impact of the pandemic on the office sector and other retail properties, which saw a significant increase in e-commerce and a growing need for logistics assets, which impacted the real estate sector.

 

Did the pandemic have any impact in terms of deal flow?

In the beginning, deals were delayed for several months due to the uncertainty of the market as well as all the difficulties and limitations (if not impossibilities) of traveling, inspections, etc. In fact, several ongoing transactions were suspended or even terminated.

Afterwards, people realized that the real estate sector was still a good one in which to invest. Many real estate funds have been created recently and there are significant amounts to invest. For that reason, the real estate market has been recovering quite quickly and even surprisingly, in some ways.

In the residential sector, we have seen original and inventive solutions replace previous procedures to adapt to the constraints of the pandemic.

 

"People realized that the real estate sector was still a good one in which to invest"

 

 Where has the demand for real estate transactions been coming from, and what is driving it?

Mostly foreign investors, particularly real estate investment funds. Real estate investment has become more sophisticated, and real estate investment funds, or other institutions such as insurance companies, infrastructure companies, etc. are becoming keener to invest in real estate worldwide.

On a national level, the situation is not much different, and the nature of the investment vehicles is, in general, the same. For smaller tickets, high net worth individuals, sometimes acting in concert, have found real estate as an attractive investment.

Demand is still very diversified and includes tourism and leisure (often purely as a real estate investment, but also purchases of tourism developments or as a sale and leaseback deal), logistics (for the reasons mentioned above), general residential, and event retail and services.

 

How has your background in private equity aided you in the real estate deals you’ve advised on?

Real estate investments in Portugal have become more sophisticated. In particular, real estate investment funds often implement sophisticated structures for that previously were only seen in private equity investments.

Having worked on numerous private equity transactions has provided me experience in these kinds of transactions, making it easier to assess the investment requirements and concerns that are typical for these more sophisticated structures.

My experience has also provided me with tools to assist on real estate transactions that are structured as equity deals and not just asset deals.

 

Other Articles

Advocatus Summit: “Portugal will be the country with the highest level of litigation in class actions within the EU” (with Gonçalo Anastácio and Manuel Martinho Lopes Rocha)

Advocatus Summit: “Portugal will be the country with the highest level of litigation in class actions within the EU” (with Gonçalo Anastácio and Manuel Martinho Lopes Rocha)
June 17 2025
ECO/Advocatus (online)
includes

Carlos Costa Pina completes PhD in Law

Carlos Costa Pina completes PhD in Law
June 12 2025
News

“Solidarity surcharge. State forced to return 16 million to banks” (with José Luís Moreira da Silva)

“Solidarity surcharge. State forced to return 16 million to banks” (with José Luís Moreira da Silva)
June 6 2025
ECO
includes

Constitutional Assembly to discuss “very soon” a ban on outsourcing after layoffs (with José Luís Moreira da Silva)

Constitutional Assembly to discuss “very soon” a ban on outsourcing after layoffs (with José Luís Moreira da Silva)
June 4 2025
Trabalho by ECO
includes
See all

We want to keep you posted, subscribe to our newsletter.

Subscribe to our Newsletter
Follow us
Terms and Conditions | Privacy Policy | Cookies Policy
Copyright 2022 - 2025 © SRS Legal. All rights reserved.
Created by SOFTWAY.
Please note, your browser is out of date.
For a good browsing experience we recommend using the latest version of:
Chrome
Safari
Firefox
Edge