Source: Pexels Author: Redaction The National Association of Professionals of Condominium Management (ANPAC) participated in the public consultation of the Mais Habitação program and, in a statement sent to the SUPERCASA Notícias editorial office, highlights the main concerns raised by the measures of the plan, namely the proposals to amend the Local Accommodation regime, the absence of tax incentives for the rehabilitation of properties under horizontal property regime and the urgent need to allow condominiums to access funds and programs that promote the requalification and energy efficiency of buildings. ANPAC recalls that the majority of the Portuguese population has its dwelling under horizontal property regime, which demonstrates the fundamental role that condominium management specialists may have in the implementation of housing measures. The association therefore believes that a housing programme will necessarily have to rely on the contribution of the entity that represents condominium management professionals. In relation to Local Lodging (AL), the solutions proposed for the alteration to the regime of AL absolutely disregard the Judgement of the Supreme Court of Justice no. 4/2022. According to ANPAC, under the current legislative framework, a condominium owner only needs to go to court to obtain a favourable sentence for the immediate cessation of the activity of Local Lodging in a fraction. To maintain the current legislative solution, would be to ignore the decision rendered by the Venerable Counsellor Judges and perpetuate the litigation in the courts. On the other hand, a contradictory regime to the one that was introduced in the Civil Code by the recent Law 8/2022, of 10 January (article 1419), is created for the alteration of the use and purpose of fractions. The legislator decided to maintain the approval of the totality of the fractions for alterations that modify the conditions of use, the relative value or the purpose for which the fractions are intended. It innovated by creating the possibility, for the other situations related to the common parts, that the lack of agreement can be judicially remedied (provided that the votes of the condominium members that do not consent are less than 1/10 of the invested capital). However, for the change to Local Lodging, this program does not foresee any deliberation by the condominium assembly. In this sense, we suggest the standardization of criteria for the amendment that changes the conditions of use, the relative value or the purpose for which the units are intended, in order to be susceptible of approval by more than 50% of the total invested capital, whenever the votes of the owners that do not consent, are less than one tenth of the total invested capital. With this amendment, it would become mandatory the prior authorisation of the assembly for the exercise of the activity, unless already provided in the constitutive title or the internal regulations of the condominium. As for the existing LO, they defend that the subjection of the approval of the assembly should be requested by unit-holders representing at least 25% of the invested capital or in the renewal of the license foreseen in the Draft Law. In cases of allocation of fractions to local accommodation, it is suggested to fix the extraordinary co-participation in 30%. Law 8/2022 altered the majority for the approval of the extraordinary co-participation, which was lowered from 2/3 to more than 50%, but maintained the non-opposition. This proposal, by subjecting its approval to the non-opposition of any condominium member, has not been successful, as it makes its application unfeasible. ANPAC took this opportunity, also according to the note sent to SUPERCASA Notícias to point out that one could also discipline the operation of AL in condominiums, prohibiting the installation of key vaults at entrances to buildings, for reasons of security and aesthetics. Alternatively, centres could be used at airports, ports, train, bus and metro stations to store keys. The association also suggests the determination of a deposit, to be given to the condominium, for the eventual non-compliance of the rules of use of the common parts or urbanity by the guests (rubbish in the corridors, damages in lifts or other common parts) having, the administrator legitimacy to activate it, by simple communication to the owners of the property. The bond could also be used in the lack of communication from the management company to the administrator or for other non-compliances. ANPAC also defends the limitation of the number of guests in flats according to the respective typologies , with the criterion of maximum occupation rate based on the formula Tn x 2 + 1, which means that, for example, a 3 bedroom flat can accommodate a maximum of 6 + 1 persons. The typology studio can accommodate up to 2 people. Lack of regulation blocks the sectors evolution Another aspect to be highlighted is the associations enormous concern regarding the incipient regulation of the activity of condominium management. In Portugal, the condominium management sector is underdeveloped in comparison to other European countries , and new legislation, already announced by the Government, is taking a long time to appear. Alexandre Teixeira Mendes, President of ANPAC, stresses: evolution in this sector is imperative. However, it is important that legislation is as appropriate as possible to national reality and that it meets the expectations and needs of professionals in this area. The condominium management sector can be a great ally in the development of joint efforts to implement these new housing policies, but it needs adjusted regulation, in order to generate standardisation of minimum services to provide greater literacy to the population about the rules in force, as well as requiring certification and better training of condominium management professionals. For the regulation of the activity of condominium management, ANPAC defends the creation of the professional category of condominium manager, the definition of deontological rules for administrators, during and after their mandates, for the transmission of the condominiums procedural archive - documents that must be included, compulsorily, in the transfer of the estate of the buildings - controlled access to the profession, with licenses to be issued by the Ministry of Housing, which include mandatory continuous training. These measures could grant legitimacy of action to the administrator to enforce fire safety rules, implementation of more sustainable energy solutions, among others. In addition, it is also considered that the new regulations should define the minimum compulsory training to be elected as a condominium manager, as well as the obligation of civil responsibility and exploration insurance. Greater coherence in fiscal measures Another of the suggestions sent during the public consultation, and which has reached SUPERCASA Notícias in this press release, is related to the tax incentives for the rehabilitation of the national housing stock. Chapter IX, Article 17 provides for a change in the VAT rate. It is very strange that there is no vision of incentives for the rehabilitation and upgrading of the properties under horizontal property regime. ANPAC defends the application of VAT at a reduced rate for conservation and rehabilitation works for condominiums, without limiting the percentage of materials, by including condominiums in item 2.23 of Annex I of CIVA, or exclusion of the 20% restriction in item 2.27, regarding the materials to be used in the contract work. This measure would allow for an increase in building rehabilitation and would stimulate the recovery of unoccupied properties, which could be rebuilt and made available for the rental market. The tax burden inherent to the various construction processes is one of the most damaging aspects for the recovery of national real estate. Eligibility for funds and programmes for building requalification ANPAC took the opportunity of the public consultation to reiterate the need for better matching of funds and mechanisms to stimulate the requalification of buildings. The overwhelming majority of support programmes for energy efficiency in housing are aimed at individuals. However, it is precisely the condominiums that play the most important role for the implementation of these mechanisms, because they are the ones who can centralise the processes of searching for solutions and decisions, in terms of investments to improve the energy efficiency of buildings, as they reach a larger number of households, representing an exponential increase of power produced with renewable energies. Condominiums should be considered eligible for programmes already in place. The allocations should be adjusted to the needs to improve energy efficiency in buildings, but what we see is that some limits of eligible expenses are very far from current market values, not enabling the implementation of measures to improve the energy sustainability of the national building stock and the thermal comfort levels of Portuguese families homes. For condominiums, naturally, the limits will have to be defined by scales or proportionally. Read more about this subject: Evolution of the sector gives rise to a new association for condominium administrations
Source: Pexels Author: Redaction In a communiqué sent to SUPERCASA Notícias , ANPACondomínios (ANPAC) warns about the inconsistencies of the current system of lift inspection, where there are huge discrepancies in values, with differences of around 100 euros between neighbouring municipalities. When compared to the entire national territory, this value increases exponentially, with municipalities where families pay up to six times more for exactly the same service, which translates into a situation of profound injustice. The association considers that this is a harmful system for citizens and suggests solutions to ensure greater equity in the costs charged to Portuguese families. At a time when the financial difficulties of the Portuguese are becoming clearer, with the generalised increase in prices, the monthly condominium fee is a constant expense in the budget of families and it becomes even more important that all the costs of the common areas are reviewed, in detail, by condominium management professionals. The costs of lifts - maintenance, repair and inspection fees - are significant recurring charges for most buildings, representing up to one third of the condominiums annual budget. This is therefore a considerable amount for households. However, there is no equity in the prices charged, on a national level, with municipalities charging inspection fees of around 35 euros per lift, while others reach 210 euros for exactly the same service. Some also use progressive fee criteria, depending on the number of floors. Furthermore, the negotiation within the market of inspection entities is only reflected for the respective municipality and does not benefit the buildings that are obliged to use this service. An unfair system Initially, the inspection of lifts was the responsibility of the Directorate-General for Energy (DGE), but due to a lack of human resources, the non-profit associations of inspecting entities (EI) were subsequently created, dedicated to carrying out the periodic inspections and surveys of lifts. The amounts to be paid, in each case, were fixed in Decree-Law 131/87, and became fixed by ordinance, in 1991. In 2002, the responsibility for the inspection of lifts passed to the municipal councils, which may resort to inspection entities recognised by the DGE. Decree-Law 320/2002 left the setting of the value of the rate to the discretion of the respective municipalities, as well as, through municipal regulations, the conditions for the provision of services by inspecting entities. Alexandre Teixeira Mendes, President of ANPAC , adds: the condominium management sector continues to fight for the due public recognition of its importance and this is another example of the difficulties that these professionals face in presenting a perceptible justification that explains the difference in values between the various municipalities. ANPAC has already tried to propose a concertation of values between the municipalities. However, because the constitutionally enshrined principle of local autonomy is in force, the fixing of rates, prices or other taxes, falls within the legally applicable parameters within the competence of the bodies of each municipality, so, given these specificities, the request was not accepted. Solutions to combat asymmetries ANPAC defends that, similarly to the regime created for inspections of gas installations - in which the maximum amounts of the fees to be charged by inspecting entities are established - in the inspection of lifts, the DGEG should also determine the maximum amount of the fees to be charged by municipalities. As considered by the Competition Authority in the case of gas, the need for a maximum price regime is justified, as a regulatory instrument, so that it may be framed as a consumer protection mechanism, in a context of such evident asymmetries, at national level. Only then would there be a fair and perceptible criterion for consumers, which would guarantee equity by providing a mandatory periodic service. In the current model, free competition can only benefit municipalities. Another alternative, according to information to which SUPERCASA Notícias had access, would be to adopt a similar regime to the one in force in the Autonomous Region of Madeira , which, in the scope of the legislative autonomy of island regions, adopted a distinct model, through which condominiums may choose an EI from the public list of entities recognised by the respective Regional Directorate (DRETT), with the rates to be applied duly tabulated by this entity, even keeping the competence in the municipalities regarding the provision of this service. A very sensible practice, which ensures greater transparency and better protection of consumer interests. This system is also applied to gas inspections, however, the tables only fix the maximum value.
Source: Unsplash Author: Redaction The Portuguese Association of Condominium Management and Administration Companies (APEGAC) , met yesterday with the Secretary of State for Environment, Hugo Pires, and his cabinet, having as main topics on the table the Green Condominium Award and the rehabilitation of condominiums using PRR funds, in order to provide better quality of life to the five million Portuguese who live in condominiums. This information was sent in a communiqué to SUPERCASA Notícias , where it was possible to find out that, during this meeting, the association highlighted the fact that the Portuguese housing stock is mostly composed by buildings with more than 30 years old, without quality at thermal and acoustic level, among others. As such, there is an absolute need for works that provide a better quality of life for its users , and the Green Condominium Award may make an important contribution to raising the awareness of those living in condominiums to environmental causes, including the sustainability of buildings. The Green Condominium Award , promoted by the association, is intended to reward, on an annual basis, those condominiums which demonstrate that they have carried out actions or projects of interest and value in the areas of environmental management, reduction of energy consumption, creation of renewable energy sources, thus valuing the protection of the environment and application of materials and equipment that contribute towards reducing the buildings carbon impact and improving the quality of life of its users. The objectives of this initiative were received with interest by the Secretary of State, having been promised an analysis of the subject and collaboration for its good success. The Secretary of State for the Environment, Hugo Pires, focused his intervention on environmental issues and those related with residues and water, understanding that condominiums may give an important contribution in their management. Vítor Amaral, president of APEGAC , underlines, in the same note to which SUPERCASA Notícias had access: the importance of rehabilitation of condominiums, which are currently deteriorated and outdated for the reality in which we live, namely in the lack of measures for reduction of energy consumption or creation of renewable energy sources in the buildings themselves , aiming at improving the quality of life of five million people living in condominiums in Portugal. Read also Housing Statistics Summary: February 2023
Source: Pexels Author: Redaction When we make the decision to live in a building, we must take care to be aware of the rules in force and which are part of the condominium regulations, regardless of whether we are the owners or tenants of the fraction where we live. This set of established rules aims to promote not only a good coexistence among all unit owners, but also a better maintenance and management of the common parts of the building. And it is in this sense that the condominium regulations assume a fundamental role in complying with the rules and legislation in force. This document is mandatory by law whenever there are more than four owners living in a building and allows the management of issues related to works, noise, as well as the rights and duties of the owners, which are often the reason for disagreements between people living in the same building. As previously mentioned, this document applies not only to owners, but also to those who live in rented houses, so it is essential to know its contents. Therefore, if you are moving house, you should inform yourself about the rules in force in the building where you are going to live. Who drafts and who approves the Regulations of the Condominium? The regulations should be written and approved by the owners meeting. If it is not approved by the council, the building manager can take the responsibility (Article 1429.A of CC), but then the council has to approve it. As long as it is not included in the building document, the condominium regulations can be approved by simple majority. Otherwise, unanimous approval is required. What should be included in the condominiums regulations? First of all, the general provisions concerning the description of the horizontal property and the identification of the units and the common parts. It should also list the rights and duties of the unit-holders, such as the right to use the common areas, facilities and services, or the obligation to pay the quotas. This document also regulates the aspects related to works in the common areas and units; the administration of the condominium; the operation of the unit-holders meeting; insurance and bank accounts, among others. The rules regarding the existence of pets in the building. The placing of clotheslines on balconies or the cleaning of common areas are some practical examples of what the regulations may contain. However, all rules must comply with the legislation in force, as they cannot replace or refute what is foreseen by law. As an example, the Noise Law determines that the authorised time for neighbourhood noise is between 11 pm and 7 am. If this is not respected, the police authorities may be called in to order the cessation of the nuisance. As such, a condominium regulation can never define a schedule for neighbourhood noise contrary to the provisions of the law. The regulation may also stipulate the penalties in case of violation of the rules determined therein and contain indications on how to solve potential conflicts. For example, the use of an Arbitration Centre rather than the Courts. Can the Regulations be changed? Yes, it can. However, when the regulation is part of the building lease, it should be discussed if the changes to be implemented can only be carried out with the agreement of all owners, as required to the amendments to the building lease or if, on the contrary, they can be approved by simple majority. When it is not included in the memorandum of association, it is agreed that it can be amended by simple resolution of the owners meeting. Learn more about the coexistence rules between joint owners in Living in harmony in a condominium and Elevator breakdown: Solution tips for condominiums and Condominium meeting: Essential steps
Source: Freepik Author: Redaction APEGAC, the Portuguese Association of Condominium Management and Administration Companies, will present 10 proposals for the future of the condominium management sector during the V Congress for Regulation and Sustainability of the Activity of Condominium Management, scheduled for 10 and 11 November, at Tagus Park, in Oeiras, according to a statement sent to SUPERCASA News . The discussion and presentation of those proposals is scheduled for the first session of the congress in the round table with the theme The state of the professional activity of condominium management and administration sector, the great perspectives for the future, which includes names such as Vítor Amaral, president of APEGAC, Fernando Batista, president of the Institute for Public Markets, Real Estate and Construction, and João Vieira Lopes, president of the Confederation of Commerce and Services of Portugal, known as the countrys largest business confederation. The event aims to define new concepts and solutions at a national level and it is affirmed as the most important meeting on the subject of condominiums, contributing to bring together, in the same space, professional condominium managers representing the entire national territory, as well as members of the Government, such as the Secretary of State for Housing, Marina Gonçalves, and associations linked to the sector, which will be joined by a large international Brazilian delegation of condominium companies. This is an opportunity to value and project the activity that involves about five million Portuguese, almost half of the national population, and give a voice to professional condominium managers, says the president of APEGAC, Vítor Amaral. One of the greatest difficulties in the sector is the lack of knowledge about what a condominium is, what the rights and duties of the unit-holders are and what the administrators duties are. Our intention is to change that perspective, he concludes. The event is open to the general public, and registrations can be made through the APEGAC website. The presentation of the measures is scheduled for 10.15h of 11 November.
Source: Pexels Author: Redaction The law establishing a 2% limit for the increase of rents in the next year, as well as the extraordinary support for landlords, were published in the Official Gazette. This measure approved by the Government aims to fight inflation so that landlords do not feel the impact of the loss of rent . According to Law nr. 19/2022 during the calendar year of 2023 the coefficient of annual update of the rent for the several types of leases foreseen in Article 24 of Law nr. 6/2006, of 27th February will not be applied. In that same published law, t he extraordinary support for landlords came into force , to compensate for the difference between the actual updating value and that stipulated by law. Although this measure is aimed at housing assistance, the coefficient value has never been so high in the last nine years. Read more at: State cheque of 125 € is on its way and AIMI: forecast to decrease to 2023
Source: Pexels Author: Redaction CBRE , the worlds leading real estate services consultancy, on behalf of the owners and the management company Interfundos, acted in the sale of Via Gaia and Júlio Dinis, two buildings in the Metropolitan Area of Porto. The Via Gaia building is located in a central area of the city of Gaia, a few minutes away from the Arrábida Bridge and close to the VL8 roundabout. With an area of over seven thousand square metres, this building will benefit from the proximity to the future metro line that will connect Gaia to Porto, according to a communiqué sent to SUPERCASA Notícias . The new owner is Fortera, which will promote a deep transformation to the building. We are designing a refurbishment that will position this building as one of the best offices in Gaia. It will offer all amenities to its tenants, such as rooftop overlooking the Douro, gym, restaurants and ample work spaces. This will also be, in the future, the new headquarters of Fortera, which will bring us great pride, says Elad Dror, CEO of the Fortera Group. The Júlio Dinis building is located in the centre of Porto, a few minutes away from the Boavista roundabout and very close to the Crystal Palace and downtown. It is a four thousand and eight hundred square metre office building that will be refurbished and converted into a residential building, meeting the demand for high-end residential space in this area. This is another important acquisition for our portfolio and will undoubtedly be a residential project of reference in the city centre. We will develop a high quality development, flexible and perfectly adapted to the new trends in the sector, stresses Nuno Esteves, CEO of Horizonte Urbano Group. The Metropolitan Area of Porto has generated growing interest in different investor profiles, both private and institutional, national and international. These two transactions prove the strong dynamics in the office and residential market, with a special focus on assets for repositioning. It is foreseeable that the entire Metropolitan Area of Porto will continue to gain relevance on the national scene in the coming months, with several other transactions in the pipeline, says Miguel Alvim, Head of Development Properties of CBRE Portugal.
Source: Pexels Author: Redaction The real estate developer SOLYD Property Developers is now starting the commercialisation of JARDINS ALTEAR II in Alta de Lisboa. This is the last building of the first phase of the ALTEAR project, which, three years after the launch of the first development, has given a new life to the city and to this new centre of Lisbon, according to a communiqué sent to SUPERCASA Notícias. The commercialisation of the second of the two buildings, that constitute the JARDINS ALTEAR development, starts now, offering flats of typologies T1 to T4, distributed in 10 floors. All flats have high quality finishings, large and bright interiors, with generous windows and balconies that benefit from unobstructed views. With carefully selected materials such as, for example, highly durable flooring - water resistant and anti-allergenic, air conditioning with high energy efficiency and built-in wardrobes with space for organisation and storage. The kitchens are equipped with top appliances and the bathrooms include crockery and taps from reference brands. This new project, in line with SOLYDs sustainable vision, has a high performance air conditioning system, a water heating system supported by solar panels and also excellent thermal insulation, which also contribute to the energy certification A of all flats. At JARDINS ALTEAR II it is also possible to enjoy private parking (with pre-installation for electric vehicles), including for people with reduced mobility and bicycles. This building also offers an exclusive gym for residents, a multipurpose room and a decorated lobby. It is located between Parque Oeste and Parque da Quinta das Conchas and offers good accesses and transport, proximity to several services, commerce and leisure, next to infrastructures and green spaces that promote exercise and well-being. The construction of this 10th SOLYD building in Alta de Lisboa has already started in partnership with MAP Engenharia, which is also building JARDINS ALTEAR I. In JARDINS ALTEAR II, the price of the flats starts at 268.000 euros (T1) and it is possible to get to know all the units available for sale by visiting the sales stand and the ALTEAR model floor. More than a space to live in, it has everything to live in. Located in Alto do Lumiar, ALTEAR combines modern flats with high quality finishings that vary from T1 to T5 and different commercial spaces. In total, there are more than 500 flats with a total construction area of more than 120.000 m². Under the concept of a new centre in Lisbon where more than living, you have everything to live, ALTEAR is born to boost the development and expansion of the city of Lisbon with an investment by SOLYD totalling around 200 million euros. Launched in March 2019, LAGO ALTEAR A and B, the first buildings of this development, are completed and already inhabited. We are very pleased that the ALTEAR experience can already be experienced. It is the beginning of It is the beginning of a new life in the city of Lisbon because it brings a new dynamic to the Alta de Lisboa. Then, because it guarantees that our clients will find the peace and comfort they seek in a new construction with a very attractive quality-price ratio. And because it bets on high energy efficiency, in line with our sustainability strategy, says SOLYDs Management. Clients of JARDINS ALTEAR II can also enjoy the offer of an electric scooter and helmet, a SOLYD initiative for all ALTEAR clients. Everything for a more environmentally friendly future. Main technical details - JARDINS ALTEAR II ● 10 floors ● 68 flats 5 commercial spaces ● 1 to 4 bedroom typologies Private construction area (including balconies/terraces) between 59 and 143 m2 ● 131 private parking spaces ● Decorated lobby Gym and multipurpose room
Source: Pexels Author: Redaction The start of the academic year has kicked off with inflation rising, accommodation prices skyrocketing and the cost of living on the rise. Students feel the prices of accommodation increasing and face their academic path with economic obstacles. The Academic Federation of Porto ( FAP ) launched an appeal for this problem, where students cannot meet the costs of accommodation and where they also feel a disparity of access to scholarships. According to FAP , everything should start in the access equity, where they ask for a review of the eligibility of applications for scholarships and supplements to support. Also in the letter, it is requested to change some guidelines of the status of displaced students, since many students need support and, due to their age, cannot acquire the same status. There was also an appeal for funds to support student accommodation and rehabilitation of infrastructures. The lack of accommodation or access to scholarships hinders the academic path of students, where we can already see the first signs of dropping out. See more in BE/Açores calls for support for displaced students and Government wants 26 thousand beds available for university students until 2026 .
Source: JLL Author: Redaction JLL, representing a private investor, has just concluded the sale to Mercan Properties Group of a set of real estate assets in Faro, which will now be the target of a rehabilitation and real estate promotion project, giving a new life to that space, according to a statement sent to SUPERCASA Notícias . The process gathered several entities with different investment profiles, due to the potential of this asset, namely its possible purposes (Residential, Hotel, Touristic Apartments). The Mercan Properties Group proved to be the most competitive buyer, foreseeing, for this asset, the development of a new urban rehabilitation project in the hotel area. In the heart of the Algarve capital, close to the marina and the citys main tourist attractions, this set of assets benefits from a unique location and river views in the city. In addition to its privileged location, its gross construction area of approximately 6,500 m² allows these assets to be considered a unique opportunity for the promotion of a new project. It is believed that this project will contribute decisively to the redevelopment of the area, giving it a new attractiveness. For Jordi Vilanova, President of Mercan Propertie s, the purchase of these assets is another bet of Mercan Properties Group in the Algarve. This is a region with a high potential, where we are now moving forward to develop our third hotel project in this area. This will be our first urban regeneration in Faro, which will certainly enrich the economy of the citys historic centre. For Jordi Vilanova, this investment reinforces the Mercan Properties Groups commitment to contribute to the rehabilitation of buildings and historical areas, as well as to the growth of the surrounding areas, benefiting all those who visit and live in the city of Faro. Gonçalo Ponces, head of Development at JLL Portugal , comments: this is the first operation concluded by our team in the city of Faro, and it couldnt have gone better, making another important contribution to consolidate JLLs position in the Algarve market. In question is an asset that from the very first moment raised a lot of interest among potential investors, national and foreign; being our responsibility to advise our client to select the most advantageous proposal not only for itself, but also for the requalification of that area of the city. It was with great satisfaction that after a very disputed process we ended up closing a deal with the Mercan Properties Group, which in recent years has been investing very actively from north to south of Portugal.
Source: Living Residence Author: Redaction The Jardins da Lezíria development has a strong value proposal that aims for a short delivery time (summer 2023), according to a communiqué sent to SUPERCASA Notícias. The developers bet, Living Residence, in a low density inland territory, corresponds to the need to provide a quality real estate product at a competitive price in an enlarged Greater Lisbon area, that satisfies local demand, new residents attracted by the lifestyle and investors under the shelter of the new opportunities arising from the change in the gold visa legislation. The first launch phase has twenty-four modern flats with two and three bedroom typologies between 120 and 140 m² and box parking solutions. They are designed to provide comfort, security and energy efficiency. The opportunity to replicate a successful model in other locations arose given the scarcity of rental properties in the region and the strong demand from national and international clients wishing to settle. The location 80 km from Lisbon, half of which includes the Greater Lisbon area and the South Bank of the Tagus, benefits from a privileged accessibility and transport network. According to João Bernardes, Living Residences CFO, quality housing is key to retaining the best people. The pandemic has changed residential habits, so the dispersion of demand in this radius will be a reality in the short/medium term. For that, it is necessary to provide housing solutions with comfort and modernity at a price. The extraordinary performance of the local market should be noted. In the pre-sales period 8 units were reserved to Portuguese residents in the municipality, reflecting the huge demand for new building solutions in a Ribatejo with scarce supply and with urgent needs for quality housing. The bet of Living Residence is also the bet of the municipality - to put the municipality of Coruche in the map as one of the most competitive options one hour from Lisbon. Dinamizar the market of the cork oak forest and cork in the slopes - to live, to visit and to invest. CORUCHE - A PLACE OF CONNECTIONS BETWEEN PEOPLE AND NATURE The Sorraia river crosses Coruche and flows into the Tagus at Vila Franca de Xira. The riverfront of this Ribatejo town has been requalified into a fluvial beach, a pleasant place for strolling and canoeing. Living in lezíria is a permanent connection with nature. Fishing, hiking and cycling along the riverbanks, a balloon trip, represent a varied choice of another lifestyle. Horse riding is an integral part of the Ribatejo scenery. To ride a horse along the banks of the Tagus is to discover the immensity of the Ribatejo landscape from another perspective. The practice of horse riding or initiation and learning at an accessible price is another of the local valences.
Source: Pexels Author: Redaction Golden Place, which in Portuguese means Golden Place, is the perfect name to designate a new residential building with 43 flats and four commercial shops that this summer started to be built at Avenida de Dom António Ferreira Gomes, in Águas Santas, in the municipality of Maia, according to a statement sent to SUPERCASA Notícias. Designed by the architecture office BLK - Porto Arquitetura and exclusively marketed by Medium real estate agency, Golden Place will be located very close to the intersection of the A3 and A4 motorways and the centre of Porto. Despite the proximity of the urban bustle of Porto, Golden Place offers tranquility, given its harmony with the Pícua Park and a number of services essential to everyday life. In addition to schools, supermarkets and other spaces for trade and services, the area is served by a diverse network of public transport. Agency Medium is already marketing the 43 flats and the 4 commercial shops in plan. The construction of the property started this August, with completion scheduled for the fourth quarter of 2024 which will be in charge of the company Século Simétrico, from Maia. The green of the park, the public transport network and the excellent road accesses are factors of high importance for the quality of life of the future residents in Golden Place, indicates Pedro Fernandes, commercial director of Medium agency. The development will be distributed over five floors, with one, two, two and three bedroom flats and four commercial shops on the ground floor. All flats are provided with closed garage for 1, 2 or 3 cars. In the Golden Place building we highlight five fabulous penthouses with terrace, underlines Mediums commercial director.
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