Regulator issued a circular on the exceptional and temporary measures concerning the OVID-19 pandemic.

With the country in a state of emergency since March 18, 2020 – due to the global Coronavirus pandemic – the economy needs extraordinary measures to enable business continuity. It was with this scenario in mind that IMPIC – Instituto dos Mercados Públicos, do Imobiliário e da Construção decided to accept, with greater scope, the practice of procedures by digital means. In an informative circular addressed to the real estate and construction sectors, the regulator clarifies how to act in the current context.

Before, it was not sufficient to provide copies of contracts, unless certified. IMPIC states now that “real estate purchase and sale promissory contracts may be signed and provided in manuscript or by means of qualified electronic signature based on the referred legal norm.

Thus, to help real estate and construction agencies take this step towards greater digitisation, the regulator also provides a list of European service providers authorised to issue this type of electronic signature certificates.

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