A well-structured EU Real Estate Investment Trust (REIT) system would not only eliminate distortions to competition in the European real estate market, would but also discourage property companies from resorting to tax havens to avoid double taxation, according to the Royal Institution of Chartered Surveyors (RICS).
Portuguese real estate investor and developer Bondstone is investing around €70 mln in a residential development in Belas Clube de Campo, municipality of Sintra, Portugal.
