Source: Freepik Author: Redaction The Municipality of Esposende changed its initial version of the Local Housing Strategy (ELH), approved in September 2021. This proposal included the acquisition and rehabilitation of fractions or buildings for housing to rehouse 91 families, however, this was changed, now contemplating the construction of 104 fires in the municipality with 91 of which to be allocated to the lease at affordable costs, and the remaining 13 for rehousing those affected by interventions in the municipality. The reality of the real estate market in the municipality has imposed several constraints to the materialization of this housing solution, due to the scarce supply and very high prices , indicates the municipality. Thus, although resources from the municipality have been allocated to develop solutions, the implementation of the housing solution initially planned proved to be unfeasible , having been the need to find another type of response to address existing shortages regarding access to housing . Initially, t he ELH of Esposende had an overall investment of around 23 million euros. Now, having changed the version of the document, there is still no indication of a new investment value, although, as indicated by the camera, it is a large-scale investment. Benjamim Pereira, president of the municipality, stresses that t he municipality will continue to promote solutions for people living in unworthy conditions and who do not have the financial capacity to bear the cost of access to adequate housing. Keep up with more topics like this in SUPERCASA Notícias
Source: Freepik Author: Redaction In the fourth quarter of 2023, according to the data recently released by INE and sent by AICCOPN to the newsroom of SUPERCASA Notícias , 34,126 family homes were transacted, for a total amount of 7,174 million euros, which corresponds to variations, compared to the previous quarter, of -0.4% and +1.4% in number and value, respectively. Regarding the evolution of real estate prices, there was a maintenance of the appreciation trend, with the housing price index increasing 1.3% compared to the previous quarter. In January 2024, at the level of the licensed area, the municipalities registered reductions of 12.6% in residential buildings, and 14.7% in non-residential buildings, compared to January 2023. As for the number of fires licensed in new constructions, this month saw a decrease of 16.4% year-on-year to 2,394. Regarding the new housing construction cost index, in January there was an increase of 1.9% year-on-year, as a result of variations of -0.9% in the material component and +5.7% in the labor component. By the end of February 2024, cement consumption in the domestic market totaled 646.3 thousand tons, which corresponds to a growth of 13.4%, compared to 569.8 thousand tons recorded in the same period of 2023. In the public works segment, in the first two months of 2024, significant growth is verified, compared to the same period of 2023. Indeed, as regards the amount of public works tenders promoted, there was a significant increase of 173% year on year to EUR 624 million, with the opening of a tender for the High Speed Railway Line Concession, in the amount of EUR 661.4 million, to be decisive for this development. As for the total volume of public works contracts concluded until February and reported on the Base Portal until March 15, it shows an increase of 15%, in terms of year-on-year comparable change, to 414 million euros. Read more topics like this in SUPERCASA Notícias
Source: Freepik Author: Redaction Having your own home can be achieved through, for example, the purchase of a property already built, ready to live, or a land where you can proceed to the construction of your dream home , through a project and license. This second option is increasingly adopted by families, who find in it a more economical and personalized solution, and can be cheaper than buying a new property. Still, as with the traditional purchase of a property, building a house from scratch can involve a large investment that requires some financing from the bank. What is building credit? Construction credit is a banking modality granted for the financing of expenses with works, constructions and interventions in real estate, allowing the borrower to take greater liberties with regard to the size of the property, typology, finishes and other features involving costs. Before, housing credit was only granted to those who had already bought a land with viability for construction , and the bank loan did not cover the purchase of the same, however, currently there are already several banks that facilitate the process, offering credit both for the acquisition of the land and for the respective construction works. Thus, very similar to housing loans, being a variant of this type of financing, construction credit focuses specifically on construction/construction costs. Main features To begin with, it is necessary to consider that the amount of this loan is established on the basis of the assessment of the architectural project and its project specifications , as well as the construction budget, calculation of the implicit expenses to determine the amount necessary for financing . Once approved, this credit is paid by the bank in tranches - or installments - being delivered as construction is carried out. At this stage, site surveys are carried out by experts from the bank or financial institution to ensure that everything is going as planned , and the land on which the construction is being carried out is given as collateral to the bank. Another important thing to retain is that this loan has a grace period of capital that can range from 24 to 36 months , implying the payment of interest during this period. This allows financial relief in the early stages of the process. What should you pay attention to when applying for this type of credit? If you submit an application for construction credit, you should take into account that you will not be given the full amount requested, as in housing credits. Therefore, before proceeding, consider that, usually, the maximum amount of this credit corresponds to 90% of the total value of the construction, which is determined through the initial evaluation of the land, the specifications, architectural design and budget presented. Then there are banks and financial institutions that can present you the money only after the construction has started, implying that you are the one to bear the charges at the beginning, with equity, until the delivery of the first tranche of the payment. And finally, if you choose a credit for the purchase of land, then to build a house there, the total amount borrowed by the bank may be higher, as it is allocated separately through a percentage corresponding to the land and another for the construction. It is important to note that each situation is specific and the allocation of amounts may vary from bank to bank and from case to case , and may, in situations such as applying for a loan for the construction of the property, have to be the owner to advance with 10% of their equity, with the bank to finance the rest. Important points: • To obtain a housing loan it is imperative that the land where you want to build (if you are the owner or are going to buy one) has feasibility of construction; • If you apply for credit without having the construction project, it is advisable to deal with the City Council before approving the construction of the land; • Calculate your expenses to know exactly how much money you will need for interventions , including architectural projects, license applications and project execution. Are you clear about these procedures? Read also Preventive maintenance: understand the importance of this concept , Are you going to remodel the house? Know the associated expenses and Will buy a house in plan? Advantages and disadvantages
Source: Freepik Author: Redaction The sale of a house is a time-consuming process that involves a lot of preparation, both the property you are selling, and the necessary paperwork at the time of formalization of the business. It is common, however, to find that there are details that do not matter, or to believe the myths that most influence the process. Discover the myths we speak of and learn how to avoid them. 1. Will selling a house alone save you money? Wrong This is one of the most common myths in the real estate market for homeowners who decide to sell their homes. It is wrong to think that by entering the market alone, you will get better results and save more money. To start, you will have much more work and will have to do not only the management of the necessary documentation, but also the marketing, contacts and scheduling of the visits to the property. All this is something that a real estate agency can do for you, saving you a lot of time and resources. Then, as far as the commission is concerned, although you have to assign it to the real estate agency that accompanies you, in the end, you will gain from this, because the amount represents hours of work and various services provided, which alone, would not compensate you for the effort. 2. Will the house sell itself regardless of what it does? Is it not true It takes a lot of work to sell a house, especially with regard to the disclosure and promotion of the property. Yes, there is a shortage of houses in the market, but that does not mean that your house will sell fast. Each case is a case, and regardless of this, it is necessary to allocate time and resources for a successful disclosure, which will only achieve with the help of a real estate agency. By ordering the services of a professional, you are teaming up with someone with deep knowledge about the market , and who will know exactly what to do to be able to sell your home much faster. 3. Does the image of the property not influence the interest he will receive? Not so The appearance of the house you are selling does indeed have a major influence on the success rate of the sale. Buyers will analyze the photos of the ads and, based on them, will be interested, or not, in asking for a visit . Therefore, it is very important that you invest in the quality of the image, both in terms of photographs and physically, when arranging the property and making it appealing to visitors who can become buyers, if they like what they see. A messy, unorganized house will not be appealing and, although it may be exactly what the buyer is looking for, psychologically, it may influence him in a negative way. Therefore, value your property and ensure that it has a good image! And if you want to follow all the steps for a carefree sale, we recommend you read: 1. You have a house you want to sell: what should you take into account? 2. First step to selling home: what to do? 3. 4 essential valuation strategies in the sale of a house 4. Valuation of the property for sale: how and why? 5. Will you remodel the house? Know the associated expenses 6. Placing the property for sale on the market: the following steps 7. Disclosing on real estate portals: 5 tips to speed up the sale 8. Open House: understand this concept and its importance in the sale 9. What documentation do you need to sell your home? We tell you 10. Formalizing the sale of a property: what are the bureaucracies?
Source: Freepik Author: Redaction JLL announced in a statement to SUPERCASA Notícias that it has once again been recognised by Ethisphere, the world leader in defining and advancing standards of business practice, as one of the 2024 Worlds Most Ethical Companies . Since 2008, JLL has been honoured for demonstrating exceptional leadership and a commitment to business integrity through ethical best practices. In 2024, 136 organisations from 20 countries and 46 sectors were honoured. Among these, JLL was one of the four highlighted in the real estate area and, in the range of 11, has already been nominated more than 17 times for the ranking. Ethics is one of the most important principles for JLL and is at the centre of everything we do. This award reflects our culture of integrity, a fundamental part of helping to build an increasingly prosperous and responsible property future, comments Patrícia Barão, Head of Residential and Chair of the Executive Committee at JLL. JLL was also recognised with Ethispheres Compliance Leader Verification certificate, which involves a rigorous assessment of the ethics programme as well as the corporate culture. This recognition is awarded to selected organisations that demonstrate a high standard of excellence. The certification replaces Ethispheres Ethics Inside Certification, which JLL held from 2008 to 2022. Clients and organisations continue to recognise JLL globally for its ethics, corporate citizenship and commitment to being an employer of choice. Stay tuned to SUPERCASA Notícias for more topics related to the property market
Source: Freepik Author: Redaction In order to keep up with changes in the real estate market, consumer behaviour and available technologies , it is necessary to adapt sales strategies . One of the strategies on the rise is Social Selling , an approach that takes advantage of social networks to connect more authentically with potential clients . In this article, we explore what Social Selling is and how property professionals can apply it to boost their sales and build lasting relationships. What is Social Selling? Social Selling is a strategic sales approach that focuses on using social networks to identify, connect, understand and nurture leads or potential clients. Rather than relying exclusively on traditional sales methods such as cold contacts or mass emails, Social Selling capitalises on online platforms such as LinkedIn, Twitter, Facebook and Instagram to engage customers in a more meaningful way. The main characteristics of Social Selling: - Relationship building: prioritises the creation of authentic and lasting connections with customers and potential customers, offering value through relevant content and meaningful interactions. - Use of data: takes advantage of the data available on social networks to personalise approaches based on specific customer interests, behaviours and needs. - Relevant and educational content: using informative content to attract the attention of potential customers, thus establishing the salespersons authority and providing value before trying to sell a product or service. - Proactivity: actively looking for opportunities to interact with potential clients, answering questions, participating in relevant conversations and offering support when necessary. How can Social Selling be applied to your property sales strategy? Social Selling plays a crucial role in the property market, offering a modern and effective approach to reaching and converting clients in a highly competitive and relationship-based environment. Here are some steps to apply Social Selling to your property sales strategy: 1. identify your target audience Clearly define who your potential clients are by understanding their needs, preferences and behaviours in order to personalise your approach. 2. Be present on the relevant social networks Create complete professional profiles and optimise them with information about yourself and your services on the platforms where your target audience is most present, such as LinkedIn, Facebook and Instagram. 3. Share relevant and educational content Produce and share informative content about the property market, buying and selling tips, local trends and location guides to demonstrate your knowledge and provide value to your followers. 4. Highlight properties in an attractive way Use social media to highlight your property listings with high-quality photos and videos, providing detailed information about each property and offering immersive experiences to interested parties. 5. Connect with your audience Respond promptly to followers questions and comments, participate in groups and communities related to the property sector and interact genuinely to build solid relationships . 6. Use segmentation resources Take advantage of the segmentation tools offered by social networks to target your posts and ads to a specific audience based on location, interests and behaviour. 7. Promote services in a subtle way Avoid being overly promotional and focus on providing value and building authentic relationships , inviting followers to get in touch for more information when appropriate. 8. Keep up to date and adapt Always be aware of new trends and best practices on social media , adjusting your strategy as necessary to maximise the potential of Social Selling in your property sales. By adopting a customer-centric, relationship-building approach, real estate professionals can capitalise on the power of Social Selling to drive business growth and achieve success in the ever-evolving market. Interested in more tips like these? Read also Exclusive experiences to boost sales: 3 ideas , Do you work in real estate? Find out how to be more productive and Automate tasks: optimise your property management
Source: JLL Author: Redaction According to the information they sent to SUPERCASA Notícias in a press release, JLL and Savills/Predibisa share the exclusive marketing rights to a new business centre in the north of Portugal, with excellent access, refurbished offices and all the necessary infrastructure to create new workplaces. Set in a dynamic business and industrial environment, the four-storey building has a reception, communal leisure areas, an outdoor garden and an interior courtyard . It also has a basement car park and charging stations for electric cars with an area of 1,270 m 2 . The excellent natural light is one of the most attractive features of this project, which has independent units, since all the floors have been designed as open-spaces that can accommodate just one tenant. In addition, there are offices that will be available to rent in a white shell concept, i.e. with the possibility of customising the space according to the needs of each tenant. This project was developed with the aim of providing companies with comfort and flexibility in their occupation, contributing to the consolidation of Portos office market. The building fulfils sustainability requirements and also stands out for being the ideal size for a single occupant, explains Cristina Almeida, Markets & Capital Markets Porto Director at JLL . We believe that this business centre could bring even greater dynamism to the Matosinhos office market, making it a very strategic solution for national and international companies looking to set up in the important axis between the Port of Leixões and the airport, with excellent accessibility, in a building that has been completely refurbished and designed in accordance with current efficiency and sustainability standards, said Isabel Rocha, Associate Offices & Investment at Savills/Predibisa , in the note to which SUPERCASA Notícias had access. The transport network and accessibility, along with the various services and activities in the vicinity of this business centre, also allow easy access to the cities of Matosinhos, Porto and Maia. Scheduled to open in the second quarter of 2024 , the building will obtain the BREEAM Very Good sustainable construction certificate, which reinforces this projects commitment to environmental responsibility as a result of sustainable construction applied to the common areas and the concept of the workspaces. Discover other news from the property market: JLL records record year for valuations , Identifying trends in property: why is it important?
Source: Freepik Author: Redaction In the last 11 years there has been an unprecedented increase in the number of real estate agencies in Portugal , according to the Institute of Public Markets, Real Estate and Construction (IMPIC) , with valid licences skyrocketing from 2,908 in 2013 to 9,762 in 2023. Now, IMPIC and the tax authorities are teaming up to detect situations of clandestinity , seeking to implement greater control over the sector. The measure will reduce the amount of information that intermediaries are obliged to declare on a quarterly basis, helping to detect intermediaries who are operating without a licence, contemplated in the IMPIC uma só vez project, which is part of the urban licensing simplex . To this end, information will be exchanged between the institute and the tax authorities in order to speed up the monitoring of real estate transactions carried out in Portugal. Fernando Batista, President of IMPIC, commented on the measure, leaving a prediction as to when it might come into force: Its good news for those who abide by the rules, and bad news for all those who are on the market without a licence. Weve signed a protocol and were working on the interoperability of the systems by the end of the year . He adds that he hopes to catch all the people who are involved in property transactions, who do business, but who are off the radar . Follow more news like this on SUPERCASA News
Source: Freepik Author: Redaction Starting a business on your own is an important and challenging decision. The professional freedom you acquire has to be combined with a work-life balance and the organisation of your schedule. So, to make the most of all the aspects associated with starting a business, take a look at the tips SUPERCASA Notícias has for you, and start your new journey more easily. Analyse your skills When it comes to creating a unique and successful company on the market, you need an idea that sets you apart from the rest. Start by analysing your professional experience and the skills you have acquired, even from a hobby. Then make a list of your technical expertise. Knowing your experience and your strengths is key to positioning yourself well against your competitors. Analyse your limitations As well as knowing your strengths, its crucial to master your limitations . To understand them, answer the following questions: Can I work full-time? What would be my ideal working hours? Am I more available at weekends or during the week? Only then will you realise how to direct the necessary focus to your new company. Make a list of potential business sectors To create your own business, its important to focus on something that excites you. Make a list of sectors and areas of interest that you would like to lead. When gaining this knowledge, its important to assess your niche and competitors. Passion for your work and mastery of your field will lead you to a recognised business in the market. Learn more about entrepreneurship Nowadays, you can acquire knowledge on any online platform and work on your skills from anywhere . Here are some examples: Instagram pages; YouTube channels; Podcasts; Books; Articles. If the property sector is your area of interest, we recommend the articles in SUPERCASA Notícias , as well as the webinars and training courses that CRM eGO Real Estate prepares free of charge for professionals working in the area. Follow your intuition The greatest leaders maintain confidence and security in themselves and ensure that this is the best way to develop a clear vision of their strengths and create a project that is aligned with their beliefs and values. Now that you have the tips to boost your new business, listen to your instincts, explore the market, study hypotheses and surround yourself with good professionals. Are you confident about starting your new business? Read also: Are you starting a business? 3 questions you should answer first
Source: Freepik Author: Redaction JLL claims to be the leader in the office market in 2023, being responsible for the placement of around 34,500 m 2 in Lisbon, equivalent to 33% of all annual activity, which totalled 112,500 m 2 . According to the information it shared with SUPERCASA Notícias , the property consultancy was involved in 46 of the 152 transactions registered on the market, making a decisive contribution to the sectors performance , including the largest transaction of the year, the lease of the whole of The Office, the former Bayer headquarters in Alfragide. Other important operations carried out by the consultancy in Lisbon were the placement of Grupo CTT in 2,400 m 2 of the Greenpark building; Closer in 1,400 m 2 of the WTC; Hipoges in 2,085 m 2 in Torre Oriente; and Feedzai in 1,200 m2 of Exeo Lumnia. Also noteworthy is JLLs strong activity in the Porto and North office market . Around 22% of the take-up in Porto in 2023, totalling 11,200 m 2 , was generated by the property consultancy, which was involved in several notable operations, including Planet Payments placement of 1,600 m 2 of Trinity Porto. Also noteworthy was an additional operation in Braga, namely the installation of Critical Techworks on 2,000 m2 at the Braga Business Centre. Sofia Tavares, Head of Office Leasing at JLL, comments: we are very pleased to be able to contribute to the dynamisation of the office market in a particularly challenging year for the sector. We believe that the reduction in take-up experienced this year is mainly a cyclical effect, since companies are still actively looking for premises and are even looking at new locations, such as Braga in the north. The drivers of demand are more demanding than ever in terms of quality, flexibility and compliance with ESG criteria, and naturally the time taken to select and decide also ends up being longer, with effects on absorption levels. He added: the market is in a position to reactivate its activity to average levels of around 150,000 to 170,000 m2, and one of the best indicators of the solidity of this sector is that rents are holding up despite the compression in take-up . According to JLLs Ofice Flashpoint shared with the SUPERCASA Notícias editorial team, in 2023 around 112,500 square metres of office space were occupied in Lisbon, down 60% on the 272,000 square metres taken in 2022. This is down from the best year ever for the Lisbon market, but also reflects the negative impact of the adverse economic climate and the reduced availability of large areas . In Porto, office occupancy activity in 2023 was less penalised, with a 14% decrease in take-up compared to 2022. Last year, around 50,000 square metres of office space were taken up in Porto (58,500 square metres in 2022), with 64 transactions recorded. The drop in the number of transactions was similar to the drop in take-up (-16% compared to 76 transactions in 2022), resulting in a stabilisation of the average area per transaction at around 780 m 2 . CBD Boavista was the most dynamic area throughout the year, accounting for 31 per cent of the occupancy recorded in the market, while on the demand side it was TMT & Utilities companies that generated the highest volume of occupancy, with 30 per cent of Portos office take-up in 2023, although closely followed by Other Services companies, with a 26 per cent share. You may also be interested in these topics: Portuguese office market ended the year down , Real estate investment in Portugal stands at €1.6 million in 2023 or JLL predicts a solid year for the property sector
Source: Freepik Author: Redaction Every year, the number of real estate companies grows , and this number has more than tripled in the last ten years in Portugal . There are now more than 9,000 companies, a factor that has led the sectors association to call for tighter requirements that allow for greater regulation of the profession . In 2013, there were 2,908 valid licenses for real estate companies. Currently, this number has risen to 9,164 licenses valid in 2023 , of which 1,783 are new licenses, issued during the past year, reveals the Institute of Public Markets, Real Estate and Construction (IMPIC). This means that in the last decade, the number of licenses granted by IMPIC has risen by 236%, with an average annual growth rate of 12.9%. These figures also include licenses for companies that dont declare their activity . The president of IMPIC explains that real estate agents report their activity in quarterly periods. There is no obligation to regulate real estate brokerage activity, which means that, as long as the legal requirements are met, the company does not lose its license, even without registering its activity. The president of the Association of Real Estate Professionals and Companies of Portugal (APEMIP) says that this data shows a very large growth , which reflects the lack of tight requirements to better regulate the profession. Despite the high number of licenses, it is predicted that there will be a slowdown in sales by 2023 , as a result of rising house prices and interest rates. However, the slowdown in the real estate market is not expected to lead to a reduction in the number of real estate companies. It should be remembered that IMPIC has been working since 2021 on a proposal to revise the law regulating real estate brokerage , which has not yet been approved. Read also: Tips for investing in the Portuguese real estate market and What is a real estate lead?
Source: Freepik Author: Redaction Dropping everything and starting a business on your own is undoubtedly a challenging stage in anyones life, entailing risks and advantages that need to be well analysed before making a decision. Anyone who takes the risk of doing so should think carefully about whether they are prepared for the changes, especially if they are considering a move into real estate , a sector that is constantly changing. If youre really thinking about making a move, and you want to make sure youre making the right decision, consider the three questions SUPERCASA Notícias has prepared for you and venture into new challenges! 1 Do I have the essential characteristics of an entrepreneur? Starting a business on your own requires you to have certain essential characteristics for everything to run smoothly. Assessing your own characteristics is one way of making sure youre prepared for any adversity or challenge. In the property market, above all, you need to be a person with a spirit of perseverance , capable of overcoming any challenges in your career, and a born leader with problem-solving and decision-making skills. Running a property brokerage business will require you to make a lot of decisions and have good management skills , as you will have to set priorities and targets and manage your team. For any good property manager, there are platforms that can help with this management and optimisation of bureaucracy, such as CRM and eGO Real Estate . 2. What strategies will I adopt to make my business grow? A good entrepreneur has to think one step ahead and come up with all the strategies essential to the growth of his business. Its important to think about solutions, strategies and methods of working with your clients and potential clients . When you start a business from scratch, youll have an even greater challenge, needing to establish yourself in the market and grow your contact list. Its important to adopt marketing strategies and, above all, certain elements that make all the difference in a property context. Were talking, for example, about creating social networks and developing a property website , where you can not only advertise your properties, but also grow your brand and make yourself known to your audience. By opting for the markets leading management CRM, youll have access to all these tools: youll have a specialised team that can give you a free consultation according to your needs, and develop your website at an economical price , as well as being able to create marketing campaigns and export your properties to the various social networks. 3. Do I know the legislation in force? Its important to have all the useful information you need on current legislation. A good business must be built on solid foundations and fulfil all legal and logistical requirements . Find out about your obligations and make sure youre prepared for an organised future using the best technologies , both in terms of invoicing and managing your real estate consultants commissions. eGO Real Estate has these two platforms integrated into the CRM , where in addition to being able to manage your business as a whole, as well as extracting performance metrics, youll be able to easily manage the bureaucratic and financial side of your business. Are you more confident about this step in your life? Do good business and partner with the CRM that will help you achieve better results! If youre interested, click here .
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