98 percent of real estate companies are at risk of technical bankruptcy
Pedro Caldeira said, in an interview with Jornal de Angola, that the lack of co-financing is the main “heel of Aquiles” which results in the paralysis of the real estate market and makes it difficult for developers to act, as this is an economic segment that it requires a lot of social contact. The crisis, according to the property developer, strongly affected the areas of sales and leasing.
Pedro Caldeira, who presented the balance sheet of APIMA’s activities in the last two years, admits that there are several difficulties, among which he cites the lack of investment financing, reducing the bureaucracy of the legal system for real estate business, interest rates that are not very attractive for the consumer credit, lack of access to real estate sales opportunities at central offices, inactivity by the National Housing Institute (INH) with regard to issuing permits and bank notes for activity in the sector and the lack of a professional portfolio, among the most visible.
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