A carregar...
Publicação
Veículos de investimento imobiliário : principais características, vantagens e desvantagens
| Nome: | Descrição: | Tamanho: | Formato: | |
|---|---|---|---|---|
| 787.88 KB | Adobe PDF |
Autores
Orientador(es)
Resumo(s)
Nesta dissertação pretende-se identificar as principais características dos Fundos de Investimento Imobiliário (FII), das Sociedades de Investimento Imobiliário (SIIMO) e das Sociedades de Investimento em Património Imobiliário (SIPI), e estabelecer quais as suas vantagens e desvantagens.
Com este trabalho pretende-se verificar o que define cada tipo destes veículos de investimento, como estes estão enquadrados no mercado português e como poderão impulsionar o mercado imobiliário.
Nesse sentido foi efetuado um inquérito às Sociedades Gestoras de Fundos de Investimento Imobiliário acerca das vantagens e desvantagens dos FII, SIIMO e SIPI e do panorama dos mesmos a nível nacional e Espanhol.
É feita uma análise do cenário atual em Portugal, dos instrumentos existentes noutros países e identificação dos exemplos que podemos retirar de modo a alcançar o sucesso e o crescente investimento imobiliário que está a ocorrer em países como, por exemplo, em Espanha.
Os resultados sugerem que o desinteresse nos Organismos de Investimento Coletivo (OIC), como os FII e as SIIMO, prendem-se com a ausência de vantagens a nível fiscal associada a uma grande carga administrativa e burocrática, enquanto as SIPI são a esperança na dinamização do mercado imobiliário português, tal como acontece com o caso dos REIT's noutros países.
This study intended to identify the key features of Real Estate Investment Funds (REIF), the Real Estate Investment Company (REIC) and Real Estate Investment Trusts (REIT), to establish their main characteristics, advantages and disadvantages. This work intends to verify what defines each type of these investment vehicles, they framework in the Portuguese market and how can they increase the real estate market. In this sense, we started by making a survey to the Management Companies of Real Estate Investment Funds about the advantages and disadvantages of FII, SIIMO and SIPI and the panorama of the same at national and Spanish level, and continued by making an analysis of the current scenario in Portugal. For this analysis we took into consideration the existing instruments in other countries and the examples we can take to achieve success and a growth on real estate investment similar to what is occurring in countries such as Spain. The results suggest that the disinterest on Collective Investment Institution (CII), such as REIF or REIC are related to the lack of fiscal advantages associated with a large administrative and bureaucratic burden, while the SIPI are the hope of boosting the Portuguese real estate market, as is the case with REITs in other countries.
This study intended to identify the key features of Real Estate Investment Funds (REIF), the Real Estate Investment Company (REIC) and Real Estate Investment Trusts (REIT), to establish their main characteristics, advantages and disadvantages. This work intends to verify what defines each type of these investment vehicles, they framework in the Portuguese market and how can they increase the real estate market. In this sense, we started by making a survey to the Management Companies of Real Estate Investment Funds about the advantages and disadvantages of FII, SIIMO and SIPI and the panorama of the same at national and Spanish level, and continued by making an analysis of the current scenario in Portugal. For this analysis we took into consideration the existing instruments in other countries and the examples we can take to achieve success and a growth on real estate investment similar to what is occurring in countries such as Spain. The results suggest that the disinterest on Collective Investment Institution (CII), such as REIF or REIC are related to the lack of fiscal advantages associated with a large administrative and bureaucratic burden, while the SIPI are the hope of boosting the Portuguese real estate market, as is the case with REITs in other countries.
Descrição
Mestrado em Contabilidade, Fiscalidade e Finanças Empresariais
Palavras-chave
Organismos de Investimento Coletivo Fundos de Investimento Imobiliário Sociedades de Investimento Imobiliário Sociedades de Investimento em Património Imobiliário Collective Investment Institution Real Estate Investment Funds The Real Estate Investment Company Real Estate Investment Trusts
Contexto Educativo
Citação
Bento, Nina Margarida Cabrita (2016). "Veículos de investimento imobiliário : principais características, vantagens e desvantagens". Dissertação de Mestrado, Universidade de Lisboa. Instituto Superior de Economia e Gestão.
Editora
Instituto Superior de Economia e Gestão