Arrow Global Portugal hosts Innovation Challenge for the third time
Arrow Global Portugal participates in JE Advisory Summit 2024
João Bugalho, CEO of Arrow Global Portugal, attended the first edition of the JE Advisory Summit 2024, a conference that discussed the outlook for the Portuguese economy, the M&A market and real estate, as well as the potential of AI and innovation in legal services.
On the panel The Portuguese Real Estate Outlook, with other experts from the sector, he stated that “the measures on the demand side are nice but we have to be able to stimulate supply in a significant way or we won’t be able to solve the (housing) problem”.
Tourism can play a key role in this dynamic, argues João Bugalho. The sector makes it possible to “make the connection” between these investors “who spend money in the country” and the domestic market, but Portugal still has “little capacity to connect and create added value from differentiated assets”.
In this look at the Portuguese real estate market in 2024, the manager also pointed out that Arrow “has a very strong weight of cash purchases where people don’t need a mortgage. We’re betting on cost-controlled construction”.
