Seven banks will participate in the loan, depending on the market share. CGD and BCP will be able to loan 115 million euros.
In a period of crisis caused by the Covid-19 pandemic, developers and managers linked to real estate, however, maintain high expectations. The drawback is in taxes and in the time it takes for licensing.
If large companies preferred to extend contracts, in SMEs the reduction in business was clear, while private individuals reinforced renting, says Oliveira Martins, vice president of ALF.
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