Source: SUPERCASA Author: Redaction With services in several areas, Pereirapisco.Creativity is a family business with a diversity of services related not only to real estate, but also to other aspects, including architecture, engineering, construction, audiovisual, graphic design and advertising. Thus, to stand out in a highly competitive market, showing its valences and attributes, Pereirapisco.Creativity invested in the services of CRM eGO Real Estate , and Paulo Pisco, CEO and founder of Pereirapisco.Creativity explained to SUPERCASA Notícias how it is to benefit from this partnership. There is a great capacity for integration. Using the ego well saves a lot of time About Pereirapisco.Creativity , Paulo Pisco reinforces the differentiating approach that has always guided his vision and, upon hearing about the Real Estate ego, immediately believed in the potential of the partnership: Nowadays, you don’t buy a chair, you buy a service associated with the chair, and our perspective has always been that. And real estate can hardly be just real estate. Real estate is a system that goes from the empathy we have with people who are selling their homes [to those who buy]. It’s a whole process that sometimes surpasses people’s own consciousness, and that’s where the Real Estate ego management platform came in, to help streamline that contact and proximity. Pereirapisco.Creativity’s first contact with the eGO was in a workshop dedicated to real estate, where they could recognize the numerous advantages of membership. Did the workshop you attended have an impact on your decision to embrace the ego? The Workshop had a lot of impact because we had already heard about the ego and your portals - SUPERCASA and CASASAPO . What awakened us was to realize that, at that time, there was an integration that could make our activity more efficient. And there was also, on our part, the perception that is the fact that CRM is integrated with the site - the premium site that we joined . Nowadays, you don’t buy a chair, you buy a service associated with the chair, and our perspective has always been that What led you to invest in a premium ego Real Estate site? For the sake of sophistication and beauty, it was a site that seemed very interesting and, with all these features integrated , it was very important for the type of activity, and for our positioning in the market - and even for our personal and professional life, because we, as a family, cherish our time and therefore the more efficient we make the company and its operation, the easier it will be to do business without giving up something so important that is our well-being, our quality of life. We had changed our site less than a year ago but did not have this integration with the rest of the activity, nor the quality that your premium site has, and therefore, in recent times, We made a great effort to make the website and the ego tool operational as soon as possible. It was a big bet. How was the initial follow-up phase? This was a custom process. We had to adapt the whole ego and the whole site to our reality, and wanted to highlight the ability and satisfaction we felt . There is an openness and capacity for understanding and bringing objectives to fruition, and we are very satisfied. So the side of accompaniment and the side of looking at us as unique, helped a lot . That’s what made us also choose. There was this perspective that has later become a reality. (...) we made a great effort to make the site and the ego tool operational as soon as possible. It was a strong bet What, in your opinion, are the great advantages of the ego? There is a great capacity for integration . Using the tool well saves a lot of time, because there is usually a set of activities that we produce separately that, here, allows us to be fully integrated. And I would also like to highlight the issue of assistance to our difficulties, which is a quick one. About your site, what differentiates it? We have always bet on a site since the beginning of the creation of this company, so the site was always a strong bet. Nowadays this is very important, because it is our face, let’s say, is our showcase. It is more important than the physical store. But I highlight the beauty and functionality. It’s beautiful and functional. (...) I also highlight the issue of assistance to our difficulties, which is quick So, do you have positive feedback about the Real Estate ego? Very positive. Very positive because we were now at a stage where it is important to make a set of upgrades and, in that sense, these tools - which is not one, are several -, came at the right time for us to be able to do this upgrade. And as we realize that you are also always growing, I think we will grow together. See the video of the interview captured. .embed-container { position: relative; padding-bottom: 56.25%; height: 0; overflow: hidden; max-width: 100%; } .embed-container iframe, .embed-container object, .embed-container embed { position: absolute; top: 0; left: 0; width: 100%; height: 100%; }
Source: Pexels Author: Redaction According to Knight Frank ’s latest report on the global real estate market, received in a statement by SUPERCASA Notícias newsroom, the average house price continued to rise in the last four months of 2023 . The Global House Price Index now released by London-based real estate and offices on five continents, a Portuguese partner company Quintela and Penalva, reveals that prices are rising at a faster pace since the end of 2022. The report also indicates an average annual growth of 3.9% taking into account the main markets analyzed. Of the 56 markets monitored, only 18 saw prices decrease in the fourth quarter, a decrease from the previous quarter, when 21 markets showed the same trend. The main driver of rising prices has been product shortages in many markets. This is the case in the US, where rising mortgage rates have discouraged potential real estate sellers as they risk having to pay a significantly higher mortgage rate when buying their next home. In addition, this shortage of available real estate was intensified by a slowdown in the delivery of new housing as a result of supply disruptions affecting the construction sector in several of the major markets studied over the past four years. Portugal is in 18th place in the ranking of the fastest growing countries (5.3% to 12 months; 1.2% to 6 months) and with a slight decrease in the last quarter (0.3%), and according to Francisco Quintela, founding partner of Quintela and Penalva, Portugal continues to perform well and attract investors from all over the world . And he adds, in the note to which SUPERCASA Notícias had access: the prices that grow the most are, in fact, in the noble and central areas of the city of Lisbon, regarding the residential market, and the trend should continue throughout 2024. The demand for our country remains solid and Portugal is an alternative for many countries living moments of uncertainty. Follow more topics like this in SUPERCASA Notícias
Source: Freepik Author: Redaction Youth housing credit is a funding support provided by financial institutions to help young people aged 18-35 to buy a home. It is a very simple concept to understand, because it is a mortgage similar to traditional with small differences and special conditions, which can mean benefits for young people who want to take the step of buying a house. Moving forward with the purchase of a property today can mean huge charges that not all portfolios can handle, which is why there is a specific modality for the younger ones. How does youth housing credit work? It is important to keep in mind that if you are planning to proceed with a young housing loan application, take into account that there are criteria that you must meet to be eligible for this loan, namely the following. Initial input To begin with, before proceeding with an application with the bank, you should evaluate your available capital, because the higher the amount you are willing to give for the entrance to the house, the greater the probability of being assigned a financing. To get an approval, you must have up to 10% of the total sale value of the property, however, it is advisable that if you can and have this value, pay more to increase credit security. Effort rate Your effort rate can’t be high. This means that your home loan can not exceed 40% of the income you earn every month, keeping a balance of your accounts and monthly budget. This is a calculation that the bank will do for you, assessing your financial capacity to be able to ensure the payment of the credit installments. Safe work This factor has an influence on your financial stability, because with a safe job and a stable and regularized professional situation, you will have a better chance of seeing your credit application be approved. If you are effective is a point in favor, getting more confidence from the financial institution. Financial conditions In addition to a stable job, you must gather stable financial conditions, demonstrating that you do not have many charges to your responsibility, or that those you have are compatible with your request for funding. Guarantor A guarantor will intervene on your behalf, assuming the payment of the instalments, if you do not fulfill this obligation, and some banks exist this figure in order to ensure that the debt will be paid. Mixed, variable or fixed rate? How to choose Once you ask for your home loan and all eligibility criteria are assessed, you will be asked to select the type of rate you want for your loan. There are three: the mixed rate, the variable rate and the fixed rate. Mixed rate This rate works in two ways, and in the initial period of your credit, which may be 5, 10 or 15 years, you will have the fixed rate in force, and then the variable rate will be applied. It is then a type of tax that is intended, at an early stage, to help the borrower to organize himself financially during the early years. Variable rate The variable rate is calculated by the sum of the spread and the Euribor index, which will vary over the credit period. Therefore, the variable rate will be paid as the principal interest rates (Euribor) rise or fall, never knowing exactly what amount will pay in the future, as it is variable depending on the Euribor. Fixed Rate This is the safest rate for those who want to always pay the same amount of the instalment, being a rate that remains the same throughout the term of the loan. It usually has a higher value than the variable rate, however, it offers more security to the borrower, who will always know exactly when money has to be available to ensure the payment of the benefit. Concepts to retain Euribor (European Interbank Offered Rate): this is the Euribor interest rate, resulting from the average interest rates applied in the main banks and credit institutions of the euro area in the interbank market. It is the benchmark of the European market. Loan-to-value (LTV): this is the ratio that corresponds to the percentage that the bank can request in relation to the value of the property. Thus, a percentage that determines the value that the bank can lend, against the value of the property, and since no bank lends the entire value of the house, the LTV will vary according to whether it is a loan of greater or lesser risk to the financial institution. Effort rate: this is the rate that will represent the percentage of the total income of the borrower (or couple) that will be used to pay the credit. Thus, it helps to understand what is the available value of the income earned, to meet the expenses after the payment of benefits. Total amount charged to the consumer (MTIC): this acronym is what will let you know how much will cost you, exactly, the mortgage credit, corresponding to the total that you will have to pay for the credit by adding the amount of the loan with the costs of commissions, interest and taxes. Global Effective Anal Rate (APR): this is the rate that represents the entire credit charges, namely bank fees, registrations, taxes, among many others. Spread: this is the interest rate that is applied to credit agreements by the bank and represents its profit margin. What documents do you need to apply for a youth housing loan? • Citizen’s Card; • Receipts from the previous three months (or the most recent ones); • Statement of proof of the entity where you work; • Bank statement for the past few months; • Declaration of IRS. Guarantor: what you need to take into account Most likely you will be asked to elect someone as your guarantor, being this person committed to take responsibility for the payment of the debt if you incur in default of the credit agreement. Thus, your guarantor will be the bank guarantee for your credit, and may be required by the bank in the following situations: • if there is a risk of default; • if the stress rate is high; • When there is irregular credit history; • If you have an unstable financial situation. If the bank finds that your financial situation is stable, compliant and balanced, you can get a credit without needing a guarantor. However, you should always seek to obtain more than one credit simulation, from various banks and financial institutions , to understand which compensates the credit, and the values and rates may vary. We hope to have helped you and we are waiting for you in supercasa.pt to start the search for your future home!
Source: Freepik Author: Redaction Banco de Portugal recently released data for non-performing loans in Portugal, which reached a minimum of 250 million euros in February . Behind this debt slowdown is the reduction in exposure to bad loans by banks that, in the last financial crisis, reached an amount above EUR 2 billion. The default in mortgage loans was one of the trends of the last economic crisis in Portugal , leading to that, in June 2016, at a time of crisis, the amount of loans for housing at 2,629 million euros, a maximum since 1998 and beginning of the series. Thus, banks have maintained the recommendations of Banco de Portugal and proceeded to the sale of bad loans, helping several families to reduce their exposure to real estate , an effort that resulted in the fall of the amount of overdue housing loans , reaching 238 million euros in December last year, which also represents a historic minimum of defaulted housing loans, even despite high interest rates. In this way, the amount of housing loans increased slightly between the end of last year and February of this year, to almost 250 million euros, however, the balance is positive, with Portuguese banks managing to reduce the amount of defaulted housing loans to 2,379 million euros. Read more about economy and housing in SUPERCASA Notícias
Source: SUPERCASA Author: Redaction The Portuguese coastline is one of the richest geographical areas in Europe. Considered as the gateway to this continent, the coastline of our country offers a diverse and charismatic panoply of iconic locations, beaches that do not end and access to the great urban and cosmopolitan Portuguese centers. It is in the coastal strip that you find the best professional opportunities and the largest number of people of all ages, who maintain their proximity to the coast and to the rich Portuguese maritime heritage . You will find one of the most beautiful landscapes in Portugal, as well as a variety of extremely diverse species of fauna and flora, and a differentiating quality of life. If you are looking for a home and are committed to finding the perfect property for you and your family , SUPERCASA is the right property portal to find it! See the 8 options we have selected for you. House T3 in Argela, Viana do Castelo - 250.000€ Semi-detached house T3 + 1 in Lagoa, Algarve - 339.000€ House 3 Bedrooms in Peniche, Leiria - 389.000€ 2+1 bedroom apartment in Loulé, Algarve - 399.000€ Apartment T2 Duplex in Portimão, Algarve - 410.000€ 3 bedroom apartment in Nazaré, Leiria - 425.000€ House T3 Duplex in Caldas da Rainha, Leiria - 515.000€ House T2 Duplex in Vila do Bispo e Raposeira, Algarve - 595.000€ And if you liked these suggestions, you may also like the following: Looking for a house with terrace? 6 suggestions from SUPERCASA , Live 10 minutes from the beach? Realize this dream with SUPERCASA or Living by the sea: turn this dream into reality
Source: Freepik Author: Redaction The International Monetary Fund (IMF) has come to the conclusion that Portugal is the country where the costs of housing loans have risen the most after the monetary policy implemented by the European Central Bank (ECB), which has resulted in higher master interest rates . This increase has increased the debt service burden in Portugal, which is equivalent to 1.2% of GDP. According to the World Economic Outlook, released this Monday by FIM, it is possible to conclude that the annual increase in debt service costs, compared to mid-2022, varies significantly across the euro area, from Portugal, with 1.2% of GDP to Malta with almost zero . Thus, Portugal is the first in the ranking of European countries with the highest impacts on costs after the ECB’s monetary policy entered into force in July 2022. Second are Finland, with 1.1% of GDP, and Estonia, with 1%. As explained by the IMF, there are market characteristics that contribute to the changes in the transmission of monetary policy effects, namely the prevalence of variable rate loans and the proportion of households with mortgages , and Portugal is effectively one of the European countries with the highest number of housing loans at the variable rate, being vulnerable to any kind of changes in interest rates. Still, the IMF believes that the impact of monetary policy on countries such as Portugal, Hungary, Ireland and the United States seems to have weakened, as there has been a reversal of some trends, such as greater adoption of fixed rate credits, tighter limits of the ratio between the amount of the loan and the value of the asset (real estate), lower indebtedness, emigration from densely populated areas and deflation of housing prices in some areas previously overvalued . Stay to read Differences between a fiador and a avalista: understand them , Households in the Eurozone are saving more compared to 2022 and Banks anticipate resumption of demand for housing credit
Source: Freepik Author: Redaction A avalista is different from a fiador , although they can be confused by having a similar role . However, if there is a difference between guarantee and bail, the two nomenclatures take separate functions, representing two types of guarantee when granting a claim. Find out the differences so, if you are asked to be the avalista or fiador in a credit claim situation, know exactly what to do, knowing obligations, duties and everything that involves these two concepts. Fiador: what is it, what are your obligations and what risks are you taking? Fiador is probably the term you are most familiar with, and you may even know someone who is, or was, someone else’s guarantor in a lending situation. A fiador is nothing less than the person to whom the obligation to settle unpaid amounts falls if the person who took the credit, that is, the debtor, does not pay it. So, imagine: you have a family member who asked for credit to buy a house, and asks you to be your guarantor. By assuming this role, if your family member fails to pay the installments of the credit, you are responsible and responsible for ensuring these missing payments. We give the example of a family member, because in these situations, the most common is that the guarantors are the direct relatives of the credit borrower, such as parents, siblings or uncles. Thus, the greatest risk a fiador runs is even if the person of which he becomes a guarantor ceases to pay his obligations to the bank, which, in a more complicated situation, may involve the enforcement of his personal property by the creditor , as it assumes responsibility on behalf of the debtor. To mitigate these risks, the fiador can obtain the benefit of the prior exclusion, which allows him not to have to pay the debt until the credit holder’s assets are executed. And know that, when you become a fiador of someone, you will hardly stop being one if you change your mind in the future . A bail only ends after the full settlement of the debt or through an agreement with the creditor , however, and because it is a guarantee on debt compliance, this type of negotiations are difficult. Avalista: differences from fiador, obligations and risks Like the fiador, the avalista will be someone who takes responsibility for the payment of the debt in case of default by the credit holder, through letters or notes. Unlike the fiador, who pays the debtor’s default bond , the avalista pays the guarantee, which is used most often in the financing of legal persons, such as companies and organizations. The guarantee can be achieved by the total value of the debt or a lower one , and a signature on the back of the document is enough to seal the commitment. The figure of the avalista is more relevant for companies , unlike the fiador who acts as guarantor of an individual person. The endorsement thus contributes to the growth of small and medium-sized enterprises , often representing the only way for them to obtain financing from banks. Thus, a avalista is jointly and severally liable, in which both the debtor and the avalista assume the same responsibility in the claim , and the creditor entity may trigger the assets of any of the figures in case of default. It is common for the avalistas to be the partners or administrators of the companies for which the financing is requested from the creditor entities, doing so to facilitate the obtaining of this loan. As with bail, in the event of non-compliance, the avalista’s personal property may be at risk of execution. However, if the avalista presents a vulnerable economic situation, he may request a special procedure for settlement in the payment, with the creditor, based on a payment plan to facilitate and allow the guarantor the commitment made in the payment of outstanding amounts. In the last case, failing to secure the payments, the avalista may request a personal insolvency application with exoneration of the remaining liabilities , that is, request the forgiveness of the debt. If you are clear and would like to learn more about what a credit involves, we suggest you read Building credit: what is it and how does it work? , Credit intermediaries: how do they work? or Cancelling the mortgage: all you need to know
Source: Freepik Author: Redaction Grupo Casais is carrying out a housing construction project for controlled cost rents in the subdivision of the Armed Forces in Entrecampos , Lisbon, as announced by the Portuguese construction company in a statement sent to the newsroom of SUPERCASA Notícias . The client of this work is SRU Lisboa Ocidental, S.A- Sociedade de Reabilitação Urbana. It is a nine-storey apartment building, intended for housing, which has on the ground floor common spaces for exclusive use of residents and technical areas. The spaces in question are: multipurpose room, locker/storage area; bicycle parking and patio. From floor 1 to floor 8 will consist of housing, and floor 9 the technical coverage. The first floor will still be provided with two commercial areas. The construction is traditional and the work, with a contract value of 9,325,862.38 €, started on January 30, 2023, with the current execution period corresponding to 22 months . The building consists of 68 housing units, with 15 units of typology T0; 23 units of typology T1 and 30 units T2. We believe that it is important to be involved in projects of this nature, since our main focus is to create positive impact on society, through various forms. We know that the housing segment is currently at a stage where intervention at critical points is extremely necessary. For this, it is crucial to act in an agile and consistent way and makes us very proud to be part of this process , says António Carlos Rodrigues, CEO of Casais Group , in the note to which SUPERCASA Notícias had access. Read also: Iniciativability Consulting arrives at Complexo das Amoreiras , Baixa de Lisboa wants to rehabilitate vacant municipal properties
Source: Freepik Author: Redaction It was during the 2nd Edition of the La Toja Forum - Atlantic Bond, that Carlos Moedas, Mayor of Lisbon, asked the Institute for Housing and Urban Rehabilitation (IHRU) for speed in approving the housing projects submitted. These are projects valued at 540 million euros, with funding from the Resilience Recovery Plan (PRR), which are pending the response of the institute. I can no longer complain to Prime Minister António Costa, but we have already put 540 million applications for IHRU. But now I can no longer complain there, I will complain to the [current] prime minister now to tell him that we need very, very, very - and I think Rui [Moreira] too - in the city councils that these proposals that are in IHRU are approved quickly , said Carlos Moedas, at the conference that brought together the president of the city of Lisbon and Rui Moreira, Mayor of Porto. The two mayors stressed the investments made in strengthening the housing stock, stressing that the challenge faced by the two metropolitan areas is not only to address the lack of housing for the most vulnerable people, but also for working classes such as teachers, firefighters or nurses. The leader of the municipality of Porto also said that the problem of pressure on housing mainly harms the middle classes, who do not have the capacity to acquire a house: at the same time, we created a set of rules that made construction more expensive. Which is a surprising thing. And then, of course, we have to allocate public resources and invite the private to share in this effort. That is, housing has to be a financial market as well. There can be no certainty that only with political funds will we solve the problem, he indicated. According to Rui Moreira, about 13.5% of the population of Porto lives in social housing, with average rents of 58 euros, which represents a cost of 60 million euros per year to the municipality. Thus, it argues that there should be more demand on cities that live on transfers from the central state, unlike what happens with the two metropolitan areas of Porto and Lisbon. And, once again, I will be politically incorrect and say that some of these cities must be forced to affect part of the resources that the central state transfers to them to build public housing. Otherwise, the pressure on Barcelona or on Lisbon or on Porto is enormous because we are building it to have pressure from those who are in municipalities that do not invest in social housing , he argues. He also said that i n the municipalities around Porto, there is only 2% of social housing , while in Porto the percentage rises to 13%: it is not possible. We are creating an artificial migration. We have an artificial migration by other municipalities prefer to build statues than to build social housing,, he says. Related topics: Reduction of VAT on housing: APPII happy with proposal and ECB is preparing easing on restrictive monetary policy
Source: Freepik Author: Redaction The Program of the XXIV Constitutional Government led by Luís Montenegro has already presented its program, where it brought together a set of reforms that intend to combat the crisis that currently feels in housing . In this context, an exceptional and temporary regime dedicated to substantial reduction or elimination of rates of urbanization, construction, use and occupation and the application of VAT at the minimum rate of 6% in construction and construction services and rehabilitation and extension of deductibility . Thus, VAT will increase from 23% to 6% in all construction and rehabilitation works in general, something that professionals in the sector and APPII - Portuguese Association of Real Estate Developers and Investors had already appealed , and to which is now given a response by the Government. According to the program, presented this Wednesday, April 10, the executive and temporary regime that the Government has in view elimination or reduction of tax costs in construction or rehabilitation works in buildings intended for permanent housing regardless of location in ARU, with compensation of local authorities for revenue losses (to be carried out through the State Budget with due guarantee in the Financial Regime of Local Authorities) , reads in point 9.2.1. In order to implement this measure, the Government of Montenegro shall either advance the reduction or elimination of the abovementioned rates and the application of the VAT rate at the minimum rate of 6% in all construction or rehabilitation interventions with the aim of increasing private supply, public and cooperative housing , but also a Public-Private Partnerships Program to build and rehabilitate large-scale real estate, both housing for students and general housing, and stimulate, as well as facilitate, new accommodation concepts in the Portuguese market . This last proposal involves regulation of concepts such as built to rent, Mixed Housing with urban density bonuses for affordable housing, coliving, modular housing, dual flexible use of student residences and housing cooperatives. Real estate developers are happy with measures Hours after the Program of the XXIV Constitutional Government was announced, the Portuguese Association of Real Estate Developers and Investors (APPII) applauded the proposals , in particular the reduction of VAT to 6% in the construction and rehabilitation of housing, pointing out that they had long claimed by the sector. We were very pleased to see that the most important of the measures claimed by the sector was now included in the Government Program, the reduction of VAT for affordable housing, says Hugo Santos Ferreira, President of APPII, making it clear that just a joint effort to bring more construction to everyone can help solve the housing problem. About Housing, also follow: Baixa de Lisboa wants to rehabilitate vacant municipal properties , 77.5% of young Portuguese dream of owning a house or New housing credits: only 3% of the poorest families had access
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