"The effect at the level of investment processes related to gold visas was almost immediate, confirms Neuza Pereira de Campos, Partner in the Real Estate Department of SRS.
"In many cases the negotiation of the purchase of property for investment has stopped and in other more advanced negotiation processes the inclusion of investment reversal clauses in the contracts is being negotiated should the de facto rules change under the terms announced," she confirms. He also recalls that the profitability and dynamics between a rental property business and a traditional rental business are very different and people who are willing to do the former may not be willing to do the latter.