The real estate market in Portugal is undergoing some transformations, essentially to satisfy fortunate Brazilians coming to the country, also attracting international banks to Lisbon and introducing news in their homes.
The report tells us that "in the first nine months of this year, 176 investors from Brazil transferred € 132.6 million (R $ 617.6 million) to acquire gold visas, an increase of 46.5% over the same period of 2018. This operation is linked to the purchase of high standard properties, from € 500 thousand euros (R $ 2.32 million), minimum for granting residence in this modality. "
This is a journalistic piece by Gian Amato – special for The Globe – which we had access to, especially since André Jordan is invited by Moneris for a lecture on strategy, and is a central figure in this report.
Gian Amato writes that the arrival of wealthy Brazilians in Portugal has forced builders and luxury real estate companies to adapt in order to meet "requests for the creation of dependencies of domestic servants, suites in all rooms, with installation of hygienic showers and living areas. tank service ".
The report also reveals that at the head of the André Jordan Group is Luso-Brazilian businessman Gilberto Jordan, leading millionaire projects, having closed "agreement with fund manager Oaktree Capital Management. It will receive an investment of over € 500 million to expand the Belas Country Club, in the Serra da Carregira Forest Park, in Oeiras, outside Lisbon.
In this new phase, called Lisbon Green Valley, Brazilians bought 45% of the units, for a total investment of € 98 million. On sale sites, the cheapest property was advertised a few weeks ago for € 445 thousand euros. The place is reminiscent of a Barra da Tijuca condominium, with a golf course, tennis court, gym, bike path, sports center, restaurant, market, hairdresser, schools and 24-hour surveillance. "
Jordan anticipated the possible demands, and says: "We are attentive to the Brazilian and, in a unit with three suites, one can be for the domestic employee, which is not common in Portugal. We saw that it was worth risking and we have done all the en suite rooms, a peculiarity of Brazilians, and incorporate toiletries such as a shower and bidet, and the tank, ”said Jordan, the company's executive director.
It is worth reading the full article signed by Gian Amato.