'Revive' program for Portugal: when history merges with construction.

Manueline art, tiles and fado are some of the characteristic symbols of Portuguese culture and, at the same time, a contribution to international culture. In Portugal there are 22 World Heritage classified by UNESCO. Apparently distant elements of the real estate world, however, have represented, in recent years, the strong point for all investors in the sector.



The Lusitanian government launched the "Revive" and "Simplex" programs in 2017. The two projects, carried out by the Ministry of Economy, Culture and Finance to improve and improve the historical and cultural heritage of Portugal, have pursued some objectives: recovery and renovation of historic buildings (generally abandoned) and the improvement, incentive and change of the intended use.

Direct to all Portuguese and non-Italian investors, Revive ensures that individuals benefit from the performance of folklore activities and, on the other hand, allows the company to contribute significantly to the improvement of abandoned properties.

The real challenge, in fact, the representatives of the Portuguese companies make clear to the AFP, part of these structures, as the former magnificent convent, which will be converted to attract tourists. That is why the second hotel group in Portugal, Vila Gale, is investing around five million euros to convert it into a luxury hotel.

Through the detailed criteria of membership, in the press release (details on the website http://revive.turismodeportugal.pt/pt-pt.) There are 30 total structures covered by the plan that in the primary phase initiates the update of 11 buildings (but gradually you will be able to request the remaining 19.). Simplex "assured instead the clarification of administrative regulations, given the recent acceptance in the Council of Ministers of modern standards combined with tourist accommodation facilities.The program, with the intention of streamlining the bureaucracy, reflects the priorities indicated by the government: the strengthening, simplification and digitalization of the Palestinian Authority, in addition to the implementation of measures aimed at increasing the real estate sector and tourism.

For example, the small Elvas may also take advantage of the recent agreement between the governments of Madrid and Lisbon to promote cross-border conjunctions along the Atlantic rail corridor: a new line between Elvas and Evora, with subsidies of 388 million euros (184 million euros). of euros) allocated by the EU) will in fact relaunch transport and tourism between the two nations.

From north to south, this wave of renewal has led to an expansion of rental and sales contracts in the country. When we talk about buying a house in Portugal, each one has its own conception: some prefer more citizens and centers animated all year round like Faro and Portimão, other smaller areas but equipped with all services.

Albufeira, for example, has always been much loved by the English and Irish public, the same is true for Lagos, the historic center from which navigators sailed to explore the coasts of Africa in the past. The Algarve coast closest to Spain, with the cities of Tavira, Olhão and Vila Real de Santo António, is, on the contrary, a favorite destination of the French who in recent years have invested in real estate and bought houses and apartments for housing. receptive.

Public real estate is, therefore, a very important component of the historical, cultural and social identity of the country and a rich and differentiated element due to the attractiveness of the regions and the versatility in the construction sector.

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