Source: SUPERCASA Author: Redaction The Algarve is one of Portugals most sought-after destinations when it comes to vacations and real estate investment in higher segments, and is increasingly a dynamic region with great life opportunities to offer its inhabitants. Proof of this is the widespread demand for skilled labor in the hotel and tourism areas. With the start of the high season in mid-May, several companies are opening the year looking for new employees , as is the case at Pine Cliffs Resort , which has vacancies for 270 workers in various positions. The human resources director, Nicole Guerreiro, says that the resort is looking for dynamic profiles who, above all , show a desire to learn and grow , but she would not say what the expected salary range is for future employees. To promote this recruitment drive, the Pine Cliffs Resort will open its doors next Tuesday, January 30, for an open day so that candidates can get to know the teams and the space: our open day will be from 10h00 to 16h00. First of all, well give a presentation of the resort with testimonies from employees , confirms the director. Organized into groups by area of interest, the managers will give the candidates a tour of the resort, which will end with the respective interviews . According to the human resources director, whats at stake is an attractive benefits package , both for permanent and fixed-term workers, and a training and development plan for each area of work . The areas for which the resort is hiring are diverse, but most are linked to more operational areas , such as cooks, waiters, warehouse workers, receptionists, baggage handlers, room attendants, childrens monitors and beach monitors. The fact that Pine Cliffs belongs to a group that owns other properties in Portugal gives candidates a greater opportunity for career development and professional development , concludes Nicole Guerreiro. Also read: Digital Training Voucher: 586 applications have already been approved , Male graduates earn around 23% more than women or Fewer companies plan to hire in 2024
Source: Freepik Author: Redaction In a real estate market that is constantly evolving, efficiency in project management is crucial to achieving success and staying at the forefront of the market. To help professionals in the sector maximize efficiency, in this article SUPERCASA Notícias shows you some strategies and tips that can be key to managing your development portfolio and increasing its exposure. 1. Using a real estate CRM Managing developments in a real estate CRM is essential. Automating processes such as scheduling visits, sending emails and following up on leads offers an organized and efficient approach. By centralizing information on developments, documentation and contacts on a single platform, professionals can optimize time and increase efficiency in their daily operations. 2. Statistics and reports Analyzing statistics and reports on developments contributes directly to business growth and customer satisfaction, as it can identify areas of success and points for improvement, allowing for smarter allocation of resources. Using a real estate CRM provides valuable data that enables efficient, strategic and data-driven management. 3. Real estate website lead integration Having a real estate website integrated with your CRM is crucial for efficient lead management, since you can receive them directly in the real estate software. Another factor that can boost your business is the creation of a page dedicated exclusively to developments, something you can achieve with eGO Real Estate websites , where they have a variety of options dedicated to the needs of real estate professionals. This way, youll have a complete professional website with a focus on developments, making your online presence strong and attractive. 4. Virtual tours Creating virtual tours of your development portfolio allows you to provide your potential clients with a more realistic and detailed perspective , eliminating the need for physical travel. With the Virtual Tour you can create unique experiences for both owner clients and potential buyers. These tours can then be publicized through the website, real estate portals and social networks, maximizing visibility and public interest. By adopting these strategies and tools, real estate professionals can not only increase efficiency in the management of their developments, but also significantly improve the quality of exposure, providing a modern and attractive approach to potential clients. Want to know more strategies for the real estate market? Read also: Want to improve your relationship with clients? Use a good CRM
Source: Freepik Author: Redaction A shortage of supply , ever-increasing property prices , inflation and rising interest rates are all examples of affordability pressures leading to greater rental demand across Europe. Investing in single-family homes is the ideal scenario for real estate investors to profit from rental income. Lets take a closer look to understand how portfolios are put together and what the benefits are. What is a single-family home? A single-family home is a type of housing characterized by the aggregation of just one family, such as an apartment , residential building or villa . Usually, when it comes to building a property portfolio, multi-family dwellings are the most sought-after. This type of investment involves buying several single-family units in the same building. This is a simple investment with potential returns, since the real estate investor will own several tenants. The advantages of buying single-family homes have been little explored, mainly because of the difficulty in accessing a portfolio of properties with this type of product. Advantages of single-family home portfolios Its important to keep up with market trends and a portfolio made up of single-family homes is more efficient than one made up of multi-family homes. Lower investment cost As the investment cost is lower , this is an appealing option for real estate investors, due to the speed with which transactions are carried out . The quicker they close the deal, the quicker the return on investment. More investment opportunities The market for multi-family homes is becoming increasingly saturated, unlike single-family homes, which offer a wider range of real estate investment opportunities . Lower costs mean better opportunities. Continuing to invest in your sales strategies is essential to keep moving up in the business, especially if youre just starting out on your real estate journey. Numerous strategies go beyond the marketing strategies already in place. Its important to monitor the market and get to know your client base , so you can quickly identify what works and how youll get the most return. Learn more about strategies for your business: Strategies for analyzing your competition , Organize content and create SEO strategies and How to use AI in your marketing strategies
Source: SUPERCASA Author: Redaction The start of a new year is always a time for self-reflection, when new goals, objectives and important resolutions can be set. Moving house can be one of those changes, which involves not only finding the perfect property, but also knowing that your whole life will change in favor of the place you move to. Although it may seem like a lengthy process, SUPERCASA presents you with the most affordable new-build options on the market, set in modern and accessible developments , so that you can make your decision quickly and make your wishes come true right at the start of the year! Take a look at the options we have selected for you. 1.º de Maio development in Vila Nova de Gaia - prices from 169.000€ Arco dOlide development in Lisbon - prices from €450,000 Passadiço development - prices from 460.000€ Also find new construction in: - Alentejo - Algarve - Leiria
Source: Freepik Author: Redaction Architecture and the property market are two connected areas that evolve together. As such, in recent years, one of the trends that has been established in both areas is neuroarchitecture . This movement makes use of science and technology to develop more functional spaces that positively influence the behaviour and mental health of their users. SUPERCASA Notícias explains the concept of neuroarchitecture and how it can influence the choice of properties on the property market. What is neuroarchitecture? As the word itself suggests, neuroarchitecture is the study of neuroscience applied to architecture. In other words, the functioning of the human brain is studied in order to be able to apply techniques and resources in the composition of spaces that have an impact on emotions. Thus, through tests such as magnetic resonance imaging or electroencephalography, it becomes possible to map brain responses to certain stimuli and better understand which elements can influence human emotions and behaviour. This area of science makes it possible for the property market to evolve by incorporating elements to create developments that encourage the well-being of residents , since by having access to this scientific information, properties can be designed with the needs of the target audience in mind, in addition to functionality and comfort. Examples of neuroarchitecture Neuroarchitecture has already been applied to various spaces, mainly hospitals and commercial property , in order to facilitate the treatment of patients or to identify with the layout of the shop to get customers to spend more time in it. A good example is the Kraemer Cancer Centre in the state of California in the United States. This is a space specially designed to relieve the stress and anxiety caused by the oncological treatment process , and the building has been designed with several glass walls that allow natural light in and a view of the Zen garden that surrounds the building, to create an atmosphere of relaxation. One of the most widely used principles in neuroarchitecture is biophilia , the hypothesis that suggests that human beings have an innate tendency to seek connections with nature and other forms of life . The use of biophilia in property projects makes it possible to create green spaces designed to increase the well-being of residents , as well as to design properties designed to be integrated into these same spaces. Another example of neuroarchitecture is taking care of acoustics in spaces, something that has become more popular since the pandemic and the rise of home offices. This means that it is possible to create acoustically insulated spaces that favour concentration, as well as lighting designed for the same purpose. How can neuroarchitecture influence the decision to buy property? Neuroarchitecture seeks to create environments designed to reinforce sensations according to the clients needs. As such, these features should be emphasised from the outset as benefits that will act on the well-being of residents. Through neuroarchitecture, it is possible to create a feeling of welcome and joy from the very first visit to the property, including through home staging techniques . It is therefore crucial for property professionals to be aware of the trends that can be applied to their projects, in order to create a more pleasant space for their clients and present the benefits as a sales argument. If you like this topic, you should read on: Home automation: get to know this intelligent technology
Source: Freepik Author: Redaction December is always a dynamic month for the hotel sector , which takes advantage of the festivities to welcome tourists and non-habitual residents, due to travel and the festive period. This year the scenario remains the same, with Bernardo Trindade, President of the Hotel Association of Portugal (AHP) pointing to the diversification of markets and the hotel offer as points in favor of Christmas and the New Year . Forecasts for the end of the year are positive , with the associations leader highlighting the very interesting dynamic that has emerged in recent years, which represents a paradigm shift for the sector, as thousands of people choose hotels to spend their Christmas and New Years Eve celebrations. The majority of Portuguese, in particular, celebrate the festivities at home, with their families, but we have inaugurated a new practice, which is that we can do it in hotels and this has been growing all over the country , says the President of the AHP, about the trend in recent years in the sector. It will only be possible for the AHP to present data on the festive season once the member surveys have been consulted, but he stresses: we have confidence in the quality and the relationship we have with national clients. They are also an important response because, obviously, Portuguese regions have different levels of seasonality . In the Algarve region, according to the association, it is from November onwards that seasonality is accentuated, which lasts until the end of the first quarter of the following year, explaining that what often happens is that families now choose to [spend Christmas] in hotels, particularly those that remain open in the Algarve, which is the main tourist region. Sector offers more depending on family income According to the Algarve Hotels and Tourist Resorts Association (AHETA), the occupancy rate per room reached 44.2% in November, 1.3 percentage points higher than in the same period in 2022, and 0.4 percentage points higher than in November 2019, the pre-pandemic year. AHETA stresses that what we feel is a growing diversification of international markets . Today, they are more spread out due to the recognition of Portugal as a leisure destination. Therefore, we can add new markets more strongly. The American market is an excellent example for 2023, the Canadian market, the recovery of Brazil, the recovery of some European Union countries. And thats good . On the other hand, they also say that this reality has an impact on the national market , due to the different types of tourist resorts that exist, and which can mean a choice depending on disposable income, which is positive : if there is less disposable income it can, in particular, determine that I may not go to that hotel in that category, but I have other offers, they conclude, mentioning that their response is to have various offers depending on the disposable income that the family has and that is positive. On this topic, you can also read: Discover the best destinations to travel to in 2024 , Lisbon and Alentejo are the strongest regions in regional trade or AL data confirms tourism growth in Portugal
Source: Freepik Author: Redaction There is now a greater commitment to the future on the part of companies , which are increasingly investing in measures aimed at the well-being of their employees, the communities in which they operate and the protection of the planet. It was in this context that Environmental, Social, and Corporate Governance (ESG) emerged, which in Portuguese can be translated as environmental, social and good corporate governance practices. This is a set of pillars created by the United Nations (UN) Global Compact in partnership with the World Bank , related to the UNs 17 Sustainable Development Goals (SDGs), whose aim is to assess the performance and sustainability of companies, particularly in the area of the environment, social relations and the transparency of their practices. What are the ESG Pillars? The implementation of good environmental practices has been increasing over the years, mainly due to natural disasters and pandemics, which have made it clear to companies that financial sustainability is dependent on environmental and social sustainability. As such, more and more companies are developing programmes based on ESG practices, namely: Environmental - taking greater care with carbon emissions and energy efficiency, using renewable energies, conserving natural resources and reducing pollution and waste; Social - developing better working conditions and labour relations, policies that ensure diversity, as well as responsible investment and safety; Governance - anti-corruption practices, business ethics and fair corporate policies. How ESG works in the property market ESG can have a significant impact on the property sector through the promotion of sustainability and the implementation of positive practices, in a scenario where the demand for developments with environmental certificates has increased , as has the preference for real estate agencies that demonstrate this concern. To implement ESG practices in your agency you can: - Solicit sustainable projects , with green building practices and energy-efficient technologies; - Support local social projects; - Promote diversity and inclusion within the company; - Establish policies and guidelines that promote transparency in your business; - Create a secure whistleblowing channel; - Creating communication about your agencys efforts to implement sustainable practices. There are also various certifications that can help you assess a propertys performance. Knowing about them can be an advantage that will make you stand out from the competition, increasing the success and reputation of your estate agency. Adopting approaches geared towards environmental, social and governance sustainability is an asset for your business, as it will create a differentiating factor that will attract investors and meet customers high expectations, as well as contributing to a more sustainable and responsible future . Related to this topic, read: What certificates should my property have? SUPERCASA answers or How to maximise natural resources in construction
Source: JLL Author: Redaction JLL is exclusively commercialising Hibiscus Gardens , located in the picturesque town of Carvoeiro, in the heart of the Algarve, according to a statement it sent to SUPERCASA Notícias . The new residential project consists of a private condominium comprising 39 units, including 8 one and two bedroom flats and 31 two and three bedroom villas. The areas vary between 79 and 184m 2 , and each unit has private outdoor spaces, giving residents the opportunity to enjoy the Algarves natural environment. At the same time, in addition to the outdoor space, the 3-bedroom villas also have a private pool and the flats have a garden or balconies. This condominium is private and has a number of amenities such as parking, security, 24-hour reception, three communal swimming pools, a cafeteria and a childrens playground. These are some of the main advantages of Hibiscus Gardens, which has a variety of services designed especially for families. Located just 20 minutes from Portimão, around 50 minutes from Faro Airport and with easy access to the Via do Infante and a 15-minute walk from Carvoeiros main beaches, these flats and villas offer unrivalled comfort and accessibility. In addition, for lovers of tennis and paddle tennis, they are close to the Carvoeiro Clube de Ténis e Padel. This is a project designed for both private use and tourism. Its an asset with an excellent location, whether you want to spend time with your family, relax or enjoy the outdoor spaces that Hibiscus Gardens has to offer. Close to shops, the beach and points of interest such as the Benagil cave, it has the great advantage of being less than an hour from Faro airport, explains Patrícia Barão, Head of Residential at JLL. At Hibiscus Gardens, all the houses are delivered fully furnished and equipped . The tourist operation of this project will be carried out by Amazing Evolution , a company that stands out for its management and operation of luxury tourist properties, guaranteeing an unrivalled holiday experience. The Algarve is a versatile region, with beach, countryside and mountains, with tradition and modernity. These types of characteristics have increased demand for this location and have placed it on the main international tourism routes, says Patrícia Barão. Read also: Elayne Residences arrives in Cascais with a guaranteed return on investment
Source: Freepik Author: Redaction Ideal both for those looking for an alternative source of income and for those looking for a new home with associated services, the Elayne Residences have arrived to fill a gap in the Cascais market. Offering the services of a real hotel, the 79 branded apartments are now available for sale in a process run by JLL , which has the exclusive rights to commercialise them , according to the information given to SUPERCASA Notícias . Located in the heart of Cascais , in the Birre area, this new-build project consists of 79 one-bedroom tourist flats with private outdoor areas and a storage room, delivered fully equipped, decorated and furnished in accordance with the standards of the international hotel chain, which will ensure the tourist operation. With the aim of offering a superior experience to its guests, the Elayne Residences will be served by a wide range of amenities , from 24-hour reception, outdoor pool, solarium, a wellness centre with indoor pool, sauna and spa, restaurant and lounge area, gym, laundry, as well as a business centre with conference area. Buyers can choose to purchase the entire flat for 360,000 euros, or purchase a fractional (1/2) unit, reducing the investment value to 180,000 euros. It offers a simple income model , based on a percentage of accommodation revenue, leaving all operating costs to the operator . In order to ensure that the investment is attractive from the outset, Elayne Residences guarantee a net annual return of 4 per cent for the first five years . Investors can also count on 15 days of free use per year (between 15 October and 15 April). Buyers wishing to use their branded T1 all year round will not receive any income, but will only have to pay a usage fee, which will cover all costs and allow them to enjoy all the services and facilities available. Patrícia Barão, Head of Residential at JLL Portugal, comments in the note to which SUPERCASA Notícias has had access: There is an increasing demand for this type of secure income product, especially in a destination as renowned as Cascais. By combining a prestigious location, an attractive investment price and a premium user experience, this project is able to respond both to those looking for an investment alternative from an income perspective and to those looking for a home with exceptional service. For all these reasons, we are truly thrilled to have been selected to commercialise the Elayne Residences which, having filled a need we felt in the market, we have no doubt will be a real sales success! she concludes. Read also: Savills/Predibisa is the leader in office lettings in Porto , JLL makes its debut in Madeiras residential market
Fonte: Freepik Autor: Redação There have been many predictions and analyses of the property market over the last year, which has been influenced not only by the scarcity of assets , but above all by inflation, rising interest rates and the loss of purchasing power among investors , who in Portugal are still more or less foreign investors . Investor confidence has been weakening, in addition to the stagflation scenario affecting the whole of Europe, affecting the property market globally. These are the conclusions of the report The Lighthouse H2 2023 - European Property Market Outlook by BNP Paribas REIM . The French bank has made its forecasts for this context, to be taken into account between now and the end of the year, according to the trends that have been influencing the market since the end of 2022. From rising financing costs to price adjustments, several changes have dictated the way property deals are done. BNP Paribas REIM accuses the current level of pending transactions as a negative point for a recovery in market activity, and one that may lead to it not starting any time soon. The French bank speculates on what might happen when central banks stop their restrictive monetary policies in favour of fighting inflation, warning investors of various factors that could weigh on them when the time comes: Giving priority to liquid markets and understanding which sectors are most appealing , in order to optimise risk and return ; Achieve a long-term fair value for assets . This is a recommendation linked to the cyclical factor of the market , which could eventually enter one of these phases; Invest in sustainable businesses , in property developments that incorporate this type of practice. The reason: the attractiveness of this type of business, which is more profitable in the long term; Consider the obsolescence of assets , taking into account not only their location but also their function and the economics of the market; Improve assets in need of minor improvements, as their refurbishment could prevent their functional or economic obsolescence , making them more attractive in the long term too. What are the forecasts for the property market in 2023? According to BNP Paribas REIM , and following the trends that began at the end of 2022, high interest rates and inflation should continue . These are factors that could delay the recovery of the property market , according to the French banks forecasts, as they will have an impact on financing conditions and investor confidence . The Chief Client Officer of BNP Paribas REIM, Laurent Ternisien, points out that [investors] are adopting new strategies to adapt and diversify their portfolios , stressing that they should focus on liquid markets and sustainable assets, as well as types of property driven by macro trends that are immune to the current environment, referring to the needs of an ageing population, urbanisation and increased household formation. Thus, BNP Paribas REIM has left seven forecasts for the property market in 2023, which we have listed for your information below: 1. Market recovery will be determined by financing conditions . 2. Short-term risks have yet to be assessed by the European property sector, and the timing and timing of the Central Banks interest rate spike is still uncertain , which could lead to a large number of refinancings and revaluations of prime assets. 3. Basic investments need to be redefined to avoid blockages in assets and secondary markets, which could suffer serious price fluctuations. All this could lead to the obsolescence of significant parts of the market . 4. Prime office space could rise again, as occupancy levels in the European market are currently much stronger than in the US, leading to price stabilisation over the next six to twelve months, despite investment remaining at historic lows. 5. All property categories could suffer recessions , although the residential and health sectors have been the most resilient. However, investment risks remain. 6. The Logistics sector must be carefully analysed before any investment and decisions must be made quickly, although it may have the potential to be the best performing sector of the next five years. There will be fierce competition in the market and investors will have to rely on the functional and sustainability characteristics of the buildings, as well as the future reversibility of the rents . 7. Discretionary spending could pick up and favour the hotel sector, as middle-class families may be more inclined to spend on experiences. This will lead to a full recovery of the tourism sector, making it a good investment sector. Good market opportunities and threats expected by the end of the year According to BNP Paribas REIM, the best investment opportunities will be in residential and healthcare assets , as these are sectors where the strategy seems to be the most resilient in the current revaluation phase. Whats more, according to forecasts, they could be the most profitable investments of the next five years. In the health market in particular, macro trends will not be impacted by the current economic slowdown , due to factors such as the increase in chronic diseases, mortality rates and the ageing of the population. On the other hand, the Logistics and Hospitality sectors can be risky investments , but also bring greater rewards, due to the recovery in consumer spending, in offers focussed on camping experiences, resorts, wellness or nature tourism. Are you aware of what awaits you in the property market in 2023? And why not find out a bit more, too, about: Construction: 30% of companies have increased activity , Trends for office property in 2023 and Modular homes: everything you need to know
Source: Freepik Author: Redaction Cleanwatts was the partner chosen by the luxury real estate and tourism project Verdelago , located in the Algarve , next to Praia Verde (Castro Marim), for the creation of what will be the first Renewable Energy Community (CER) , in full operation, in a tourist project in the Algarve, according to the information that was made available to the SUPERCASA Notícias . From the end of 2023, the Verdelago Resort REC, in addition to making the resort an active agent in energy production, eliminating its own bill, will allow it to ensure the fight against energy poverty among needy families in the region. Thanks to the sharing of the surplus produced and not consumed, the Verdelago CER will make it possible to support around 100 needy families, who will benefit from a community social tariff 20% lower than market tariffs. This Community - which follows several projects that Cleanwatts has under development, nationally and internationally, with tourist developments, will have its photovoltaic plant, of 1560kWp, installed in an area of about 1 ha of the 86 total of the Verdelago Resort, obeying a total landscape integration. We are going to install a 1560kWp photovoltaic plant, with more than 2800 solar panels, in the Verdelago development, which will be integrated into a Renewable Energy Community, explains Basílio Simões, founder and president of Cleanwatts, adding that in addition to feeding the development with green energy, we will produce enough energy to enable the Community to also provide energy to support families in the region in situations of energy poverty . In addition to reducing costs, the Verdelago enterprise takes a big step towards energy independence, with the total annual production of the solar plant being equal to or greater than the total self-consumption. Cleanwatts is committed to investing in the tourism sector which, as we know, is one of the sectors of the economy that has grown the most in recent decades and is an area of activity of special importance in Portugal and especially in the south of the country, emphasises José Basílio Simões, recalling that the growth of the sector has brought new social, economic and environmental challenges. If, on the one hand, it is undeniable that the development of the activity has brought economic growth to local communities, it is also true that it has contributed to the increase of inequalities and pollution and to the wear and tear of resources. However, when approached from a sustainable perspective, tourism can have a strong positive impact on communities and that is what this Energy Community is also intended to do: not only help the company reduce costs, but improve the lives of families in the region. The social aspect and the fight against energy poverty is one of the main facets of Cleanwatts Renewable Energy Communities and when the customer is a tourist resort like this, with a strong connection to the place where it is located, this becomes even more important , says the responsible, advancing with some figures: through this project, Verdelago will be able to support around 100 families, who will benefit from a community social tariff on average 20% lower than current market tariffs. Although the project is still in its infancy, there are already plans for the near future: the Verdelago Energy Community will start with the installation of the panels in an area of land of the resort (anchor producer), after which Cleanwatts will attract consumers in this region, preferably with consumption profiles complementary to that of the anchor producer , explains Basílio Simões. The Community can then grow with the accession of new producer members, who have land or roofs with the capacity to expand the installed photovoltaic power. The Communitys impact may also grow with the introduction of other renewable generation sources, such as wind, biomass or hydroelectricity, concludes the official. In turn, Paulo Monteiro, General Director of Development at Verdelago Resort, says in the note to which SUPERCASA Notícias had access: Being the first residential tourist resort in the Algarve with a CER positions us as leaders of a new generation of resorts that respond positively not only to the dimensions of economic and environmental sustainability, but also social. Being an energy generating and distributing resort fills us with pride. More important than being a huge factor of competitiveness in the sector, it materialises our vision that the future will always be that of a tourism that is part of the solution of the regions in which it is inserted and not a problem. Also read: JLL releases its 2022 ESG Performance Report and New support for energy efficiency is announced by the Government
Source: Pexels Author: Redaction The branded residences market enjoys a sustained growth despite the recent and significant economic turbulence, according to the latest data collected by Quintela + Penalva | Knight Frank Real Estate and sent, in a statement, to the editorial office of SUPERCASA News . The Knight Frank Global Branded Residences Report 2023, now released, took into account the portfolio of 15 leading luxury operators in the segment of branded residences (residential property or residential tourism associated with a brand). The report identified 186 active projects around the world and 32 that will be concluded in 2023 – 23 will be operational in 2024, 26 in 2025 and 22 in 2026; another 35 projects are still in the preparation phase, with no confirmed launch date. All told, the number of new projects with known opening dates represents an annual growth rate of 12% by 2026 – or 55% in total by 2026. North America accounts for almost 40% of all projects , preceded by Asia-Pacific (20%) and Europe (13%). Projects are located in 52 countries, with the US standing out (106) – the United Arab Emirates, Thailand, the UK and China also show double-digit project numbers. Looking under the magnifying glass, in the US Florida is leading by comparison to all other states (and 80% of Florida projects are in Miami). In terms of growth markets, 60% of the Middle East market is currently under development . This is followed by Europe and Latin America with 49% and 46% respectively. In absolute terms, the largest projects under development are in the USA (36 known projects), the United Arab Emirates (7), Mexico (7), the UK (5) and Saudi Arabia (4). Portugal is not yet among the top most sought after countries for branded residences, but together with the United Kingdom, Turkey, France, Italy and Greece, it is among the markets with the greatest growth potential, according to this report. In Portugal branded residences have increasingly established themselves as an interesting option for foreign investors looking for a turnkey solution. Although there is still a long way to go, we believe that this is a trend that is here to stay and with an enormous growth potential , points out Francisco Quintela, founding partner of Quintela + Penalva . Oliver Banks, partner at Knight Frank , also says: Portugal is relatively under-represented in the branded residences space and with the strong levels of demand we are seeing for luxury products from international buyers, there is a real opportunity for growth in the short to medium term. The lifestyle that Portugal already offers is synonymous with the amenities and the way of life that branded residences offer, and to which foreign investors have become accustomed . As far as brands are concerned, Ritz-Carlton leads with the largest number of projects, followed by the Four Seasons group . In terms of growth rate, Aman and Six Senses lead with 68% and 67% respectively, with much of the total portfolio currently in the development phase. Knight Franks research confirms that this growth in supply will be matched by demand. Portugal is in the top 5 destinations for second home purchases The same report places Portugal, considering two regions of the world, in the top 5 of the preferred destinations for second home purchases for the UHNWI population (i.e. individuals with a net worth of 30 million dollars or more, including their main residence). In terms of where second home purchases are likely to take place in 2023, Knight Franks report places Portugal in fifth place considering the European market and in second place in the American market – regions whose tops are headed by Spain and the United States of America, respectively. Globally, respondents to The Wealth Reports attitudinal survey said they were most likely to buy second homes in the US, the UK, Australia, Spain and France. Demand for second homes, including Branded Residences, is expected to be driven by rising wealth, investors desire to expand residential property portfolios and also the growth in mobility. Worldwide travel is forecast to increase 31% above pre-pandemic levels by 2027. From a hospitality perspective, tourism demand will grow sharply, also by 2027, with Africa, the Middle East and Asia prominent, followed by the Caribbean. Pandemic has boosted demand for residential property from UHNWIs, with around 17% buying a new main or second home by 2022. Despite higher interest rates, underlying demand remains healthy, with 15% of UHNWIs considering a purchase in 2023. Read more about the luxury residential sector: Algarve is one of the most sought after luxury destinations
Deutsch
Português
English
Français
Español
Nederlands
Русский
中文(简体)
