Sónia Costa Pascoal authors article on challenges in reclassifying rural land as urban

Sónia Costa Pascoal, Principal Lawyer at Abreu Advogados, examines the practical challenges arising from the recent amendment to the Legal Framework for Territorial Management Instruments (RJIGT), which allows for the reclassification of rural land as urban, in an article published by Jornal de Negócios.

“The property developer […] will need to ensure compliance with the legal requirements and obtain a favourable decision from the local council,” emphasises the lawyer, who primarily works in the real estate and financial sectors.

Sónia Costa Pascoal highlights that the implementation of the new legislation involves a complex and demanding process for property developers, concluding that the success of this change will depend more on the coordinated efforts of stakeholders in the sector than on the legislative amendment itself.

Read the article here.