Source: Freepik Author: Redaction The luxury residential market in Portugal continues to grow, with the Algarve, Porto and Lisbon highlighted. These findings are in The Wealth Report , an annual study by consultant Knight Frank, a partner of real estate firm Quintela and Penalva since 2021, which also reveals that one million euros gives only to buy 67 m 2 in Quinta do Lago, while with the same value it is possible to acquire 110 m 2 in Barcelona or 90 m 2 in Lake Como, Italy. The study, sent in a statement to SUPERCASA Notícias , shows that the Algarve is in the top 5 of the world markets in the luxury residential sector, where prices performed best in 2023. According to the study, among the top 100 destinations in the world in terms of price appreciation in 2023, the Algarve appears in fourth position, with a price increase of 12.3%, o nly behind destinations such as Manila (Philippines, 26.3%), Dubai (United Arab Emirates, 15.9%) and Bahamas (15%). With one million dollars, it is possible to buy in Quinta do Lago, in the Algarve, a luxury residence second home with 67 square meters (m 2 ), while with the same value it is possible to acquire 110 m 2 in Barcelona, Spain, or about 90 m 2 in Lake Como, in Italy. The lack of supply and the unique character of Quinta do Lago, explain the sharp growth in prices. Lisbon and Porto continue to grow In the list of cities and regions with annual growth in stable or positive prices are the cities of Lisbon and Porto . The two cities remain on positive ground, with growth in the order of 2.2% and 5%, respectively. Thus, Porto appears in 29th position , ahead of, São Paulo, Rome, Barcelona, Milan or Paris. Already Lisbon, is in 60th place, and surpasses cities such as Dublin, Vienna, Tokyo, Berlin or New York. The Knight Frank study also reveals that the price of luxury real estate in Lisbon is still expected to grow in 2024, in the order of 2.5%, being preceded by Seoul, South Korea, Zurich, New York or Paris. For Francisco Quintela, CEO of Quintela e Penalva, Knight Frank’s partner in Portugal , Lisbon remains on the radar and is in the top 10 of the survey in terms of location for new buyers, as stated in The Wealth Report. The forecast for growth in luxury prices in Lisbon remains very significant, as demand remains very strong in the luxury housing market, particularly in Lisbon, Cascais and Comporta, where the demand for luxury properties has increased significantly . He adds that this reality is mostly corroborated by the interest and realization of business by foreign investors, with high investment capacity. According to The Wealth Report, which tracks the performance of luxury properties in 100 key locations (including cities, sun and ski destinations), 80 locations experienced stable or positive annual price growth. Manila (26%) leads, but last year’s leader Dubai (16%) fell just one place. Asia-Pacific (3.8%) overtook the Americas (3.6%) to gain the title of best-performing world region, with Europe, the Middle East and Africa lagging behind (2.6%). As predicted last year, sunny locations continued to outperform, with an average increase of 4.7%, closely followed by ski resorts (3.3%) and cities (2.7%). According to Knight Frank’s The Wealth Report 2024, the number of UHNWIs in Portugal - those with a net worth of $30 million or more - will increase by 25%, reaching 1000 individuals by 2028. For Kate Everett-Allen, Head of International & Country Research at Knight Frank , in the note to which SUPERCASA Notícias had access, this fact, combined with the expectation that the ECB will start reducing rates in the summer, along with the recovery of the tourism sector in the country, will attract more second home owners and investors. It is thus expected that luxury prices will increase 2.5% in Lisbon in 2024. Follow more topics like this in SUPERCASA Notícias
Source: Freepik Author: Redaction The formalization of the business is the most awaited moment by a seller, especially if it has been a long process to get here. To achieve a higher success rate, you should be accompanied by a real estate agency to guide you through all the bureaucracies and processes until you reach the formalization of the sale , at which stage you should proceed, with your potential buyer, for the signing of a contract-promise purchase and sale (CPCV), and establish all terms and conditions in a clear and legally binding manner. But before going into this topic, SUPERCASA Notícias gathered a set of information that may have relevance for you, the owner, who, without knowledge about this type of business, needs guidance on how to formalize the sales process. Did you know that there are services provided by the Government and legal entities to simplify the sale of the property? Discover them. 1. Home Ready Service Provided by the Ministry of Justice, the Casa Pronta service helps to formalize and treat all procedures related to the purchase, sale or donation of a house. Thus, through this service, you can handle all the bureaucracies associated with the sale, from the contract to the settlement of stamp duty, whether or not the buyer uses a home loan. 2. Simple House, Safe House Provided by notaries, this is a personalized, qualified service that aims to help with the processes and acts related to the purchase and sale of real estate, helping with the bureaucracy associated with the legal part of the transaction, namely through the signing of the deed, in the application for IMI exemption, registration, licences and other documents. In practice, when you purchase this service, you will have a notary take care of everything for you, facilitating all legal procedures. However, and because it is always simpler to use a real estate agency to mediate the sale, know exactly how the processes develop in this situation. Property reservation This is the first indication given to the owner and/ or real estate agency that is mediating the process that a potential buyer is interested in moving forward with the business. At this stage, there is an interest in booking the property, with an agreement with should be made in writing and that implies the payment of a sum in cash. When formalizing this desire, as soon as the amount requested for the reservation is paid, the owner or the real estate must remove the property from the market. The amount to be paid can eventually be considered in part of the final amount to be paid to the amount that is paid , or debited when the Purchase and Sale Promise Agreement is concluded, however, if the deal does not come to fruition, it is common to have the amount returned to the potential buyer. It is important to note, in this sense, that the reservation contract has a short validity, and that it can go up to only 48 hours. However, if there is an agreement between both parties, its term may be extended. It is extremely important that all these procedures are written in a document safeguarding the rights and duties of both parties. And remember: a reservation contract does not produce the same effects as a purchase and sale Promise Contract . Contract promise purchase and sale It was not mentioned above, but we warn that the reservation of the property is optional , not being one of the mandatory steps to follow. In fact, a potential buyer can immediately jump to the conclusion of the Purchase and Sale Promise Contract, if he so wishes, and there is also a mutual agreement between buyer and seller. The contract-promise purchase and sale is optional, however, when concluded, implies the legal fulfillment of the clauses established, committing the potential buyer to the seller of the property in order to ensure compliance with the duties established until the day of the deed of the property. Before concluding the purchase and sale promise contract, it is important that you define the clauses covered , as they will define the agreements with the potential buyer. Which points should be included in the CPCV? 1. Whether or not there is a housing permit. In situations where this document does not exist, it must be requested from the City Council to be able to proceed with the conclusion of the contract-promise purchase and sale, since it is a mandatory document and essential for the realization of the deed. Thus, if you are still waiting for it, the information should be included in the contract. 2. Amount of the deposit paid by the buyer. The law does not stipulate a value for this purpose, and the sign can correspond to 10% or 20% of the value of the good to be sold, in most cases. However, for the buyer, it is important that this percentage is well reflected in the CPCV, as it will have an impact on the financing requested to the bank for the purchase of the property, and proof of payment must be issued after payment. 3. Date of writing. A limit may be set for the signing of the deed, with the agreement of a margin of security for its realization, in case of unforeseen events. All this should be reflected in the CPCV in order to safeguard the parties involved, as well as the sanctions to be applied in the event of non-compliance. The extension of the term of the deed can also be stipulated if there is a paragraph for this purpose, with the agreement of the parties, and the general rules of the Civil Code apply if sanctions for non-compliance are not stipulated. 4. Annulment of the CPCV if the potential buyer’s home loan is refused. This clause can safeguard both parties in a situation where, if there is no confirmation of financing for the purchase of the property, the deal may fall. Although a buyer must have a pre-approved credit, there may be details that may call into question the final approval of the credit, so to protect the parties, this is a clause that should be included. 5. Possibility of cancellation of the CPCV. This is a clause intended to safeguard the parties in the event of a cancellation of the contract. This is a point that defines the situations in which the cancellation of the contract may arise and the maximum period for this purpose, stipulating sanctions to the party not in compliance. In addition to these paragraphs, a purchase and sale promissory contract shall comprise: • The identification of the buyer and seller - with name, address, marital status, NIF and citizen card number • Property data - with their location, typology, property description and other parts of the property • Maximum period for the realization of the deed • Sale value and payment method • Amount of the signal paid • License to use or build Completion of the sale: deed of the property After the agreements between buyer and seller, through the signature of the CPCV, the next phase is the deed of the property, being met all the conditions for the sale of the house. The deed will legitimize and legalize the contract of sale. And only after signing this document can the buyer receive the key to the dwelling, becoming the current owner. 1st phase of writing: signature of the CPCV At this first moment, the purchase and sale promise contract is signed, in which the transaction is legally formalized. 2nd stage of the deed: mutual contract with mortgage In a second moment, if the buyer has used a home loan, it is necessary to conclude the mutual contract with the mortgage , in which the financing conditions are stipulated. It is only after the conclusion of this contract that the bank can release the amount necessary to pay the missing amount of the seller. The buyer will have at this stage several expenses at his expense, namely transaction taxes (IMT), stamp duty and notary registration expenses, however, your goal has been achieved: he sold his house! It is free of obligations and can decide at this stage what to do with the sale value. And if you want more information about the phase after the sale, we advise you to read What are the assets of the property? Know all
Source: Freepik Author: Redaction Youre getting closer to the final goal: formalising the deal to sell your house. At this stage, the first thing you need to do is get all the necessary documents in order, including deeds, energy certificates, building licences and any other relevant paperwork. By organising these papers, even before the deal is formalised and the promissory contract signed, youll save time when the time comes to go ahead with the deal. This proactivity should come from you, regardless of whether or not you are being accompanied by a real estate agency. However, it is most likely that, while the publicity processes and visits to the property are taking place, the agency accompanying you will ask you to start gathering this essential documentation. But lets break it down. Do you have an interested party for your property? Well tell you what to do from here! Discuss the sale price of the house Youll need to start negotiating as soon as someone expresses an interest in the house youre selling. From the outset, and if youve followed all the steps weve explained to you in previous articles, namely Valuing the property when selling: how and why , you should have already set a final value for the sale , however, and because many buyers like to haggle, this can be a changeable figure. Even so, you shouldnt lower or raise the price just because you have to . In negotiations, you should always set a reasonable minimum target that you cant go below, and negotiate according to this. Once youve agreed on the price, make sure you have all the documents well talk about below so that you can finally proceed with formalising the deal. What documents you need to have in order to proceed with the sale If youre not familiar with the bureaucracy associated with selling a house or know little about the property market and how these procedures work, all you need to know is that, in order to go ahead with the sale, you must have in your possession a series of important documents, required by law during the sale process, to formalise the sale: - Up-to-date permanent land certificate - Caderneta predial urbana - Licence to use - Technical data sheet for the property - Energy certificate - Property description - Building plans - Deed of sale - Citizens card Well explain what each of these documents is about. Updated permanent land certificate You can obtain this document from the Land Registry Office , which basically allows you to c onsult the entire history of the property - with information about construction, inheritance or possible associated liens. Caderneta predial urbana In this document, youll have access to all the information about the property from a fiscal point of view , namely the owner of the property and its tax value, as well as its location and characteristics. This will be one of the most important documents for formalising the deal through the promissory contract of sale. Using the urban land registry you can calculate the Municipal Property Tax (IMI) and the Property Transfer Tax (IMT), so its essential to keep it up to date. Licence to use The purpose of this document is to prove that the property has been previously inspected and is in full compliance with the work carried out, projects approved by the competent authorities and the legal regulations in force , as well as to prove the suitability of the building or autonomous fraction for the intended purpose. Property technical sheet This technical sheet will give you information on the technical and functional characteristics of an urban building for residential purposes , once the construction or reconstruction work has been completed. It can be requested from the National Civil Engineering Laboratory and the Directorate-General for the Consumer, and the requirement for obtaining it is that the buildings have been built or have undergone extension, construction or reconstruction work after 30 March 2004. Energy Certificate This is a document where you can find not only an assessment of the propertys energy efficiency, on a scale from very inefficient (F) to very efficient (A+), but also information on the propertys characteristics , such as insulation, types of ventilation, air conditioning and hot water production, and their effect on energy consumption. It also includes improvement measures that suggest ways to lower energy consumption and an indication of the tax benefits and types of financing available. Property description You only need to present this document if there is a mortgage associated with the property , which is presented at the time of the public deed when the property is transferred, as it proves the cancellation of the mortgage associated with the house you are trading . It is a document issued by the bank. Property plans These drawings of the property describe its constitution, in terms of rooms, available spaces and other elements that can help with the sale of the property, as they will give you a complete view of the house and its areas . You should have this document in your possession, as i t may be requested by the bank from the property buyer when applying for a home loan, or by the buyer themselves when making their decision. Deed of sale This document is mandatory in order to proceed with the sale of a property, as it verifies the conditions of the previous transaction. Once these documents have been gathered, you will move on to the crucial stage of the process of selling the house, which is formalising the deal. You can find out all about this in the next SUPERCASA Notícias article!
Source: Freepik Author: Redaction According to a survey conducted by Savills Investment Management and international real estate consultant Savills *, shared in a statement with SUPERCASA Notícias , which involved real estate investors with a total of assets under management (Aum) over EUR 700 billion, EUR 63.8 billion should be allocated to the European Living segment over the next three years. Almost half (48%) of respondents predict that the proportion of their Aum allocated to this segment of the European real estate market will increase significantly by 2026. This figure represents an increase compared to 41% of respondents last year. 54% expect to have more than 50% of Aum invested in this sector by 2026, while 41% expect to have more than 75% of their Aum. The main priorities for investors are: Multifamily housing - 84% (73% last year) PBSA - 63% (65%) Single family homes - 49% (43%) Coliving - 39% (51%) Private investment in affordable housing - 39% (38%) Andrew Allen, Global Head of Research, Product Strategy and Development, Savills Investment Management, says: it is understandable that investors are concentrated in the housing sectors and recognise the considerable supply-demand imbalances and the consequences for growth, as well as the strong underlying drivers of the respective segments. Investors will also be able to focus on the more mature Living segments, namely multi-family residences and PBSA. Marcus Roberts, Head of Europe - Savills Operational Capital Markets, says: The Living sectors became the largest real estate investment market in Europe in 2023 and we expect them to continue to increase their total investment share in the coming years. Given the volume of capital inherent in the sector and the limited amount of high-quality stock available, investors will continue to compete for the highest quality assets in the best locations. We also expect investors to take advantage of price adjustments for certain assets . Richard Valentine-Selsey, Head of European Living Research & Consultancy, Savills, states in the note that SUPERCASA Notícias had access to: While it is great to see investor interest in European Living sectors, it is now up to government entities across geographies to ensure that the unwanted consequences of regulatory changes do not erode their aspirations. Access to stock and size remain challenges for the sector, but as European markets continue to mature, we expect to see players invest more and more across borders. Luís Clara, Capital Markets Associate, Savills Portugal, stresses: Portugal has registered a strong dynamic in practically all Living segments, especially in the student Housing, alongside the activity of many Senior Living and Flex Living operators. In the last 5 years, the investment in PBSA for example, totaled a total volume of about 721 million euros, reflecting a clear interest on the part of investors in this market and that has been decisive to leverage this alternative segment of real estate . Follow SUPERCASA for more news like this
Source: Freepik Author: Redaction The first 3D houses have already arrived in Portugal. This innovation translates into a breakthrough that can revolutionize the way housing is built, allowing to respond to the vulnerabilities of the housing sector, particularly with regard to the lack of houses in the market in view of demand. The Portuguese company Havelar has thus built the first 3D house in Portugal, which will have taken about two weeks to complete. This is a novelty that has been quite common in foreign countries , but now finally comes to life in our country. The dwelling in question, built in Vila do Conde through a 3D printer, has 90 square meters and is T2 , with concrete walls. This structure took more than 18 hours to be erected, prepared to withstand earthquakes and thermal variations. If you are interested in learning more about 3D houses, read Houses 3D printed: the future of the Real Estate Market?
Source: Imobinvest - Salão do Imobiliário Author: Redaction The 5th edition of Imobinvest - Salão do Imobiliário is almost here. The event will once again take place at the Alfândega do Porto Congress Centre and will be held from 22nd to 24th March 2024, starting next Friday. This edition will once again take place at the same time as the Smart Home Show - Salão de Domótica, according to the information provided by the events organisers to SUPERCASA , Media Partner . From 22 to 24 March, the city of Porto will host the most eagerly awaited event for enthusiasts and professionals in the real estate sector in Portugal - Imobinvest. With the prestigious Alfândega do Porto as its backdrop, the event promises to be a milestone for the national property market. Imobinvest is recognised as one of the largest events dedicated exclusively to the real estate sector, being the only event in the sector in the north of the country that provides a unique environment for networking, learning and business. This year, were once again bringing together the main players in the market, investors and developers at Alfândega do Porto , says Rita Duarte, the events director. What to expect from the 5th edition of Imobinvest - Salão do Imobiliário: 1. Conferences: renowned experts will share their perspectives on market trends, emerging opportunities and the challenges facing the property sector. 2. Exhibition and Business: a unique opportunity for participants to explore a wide range of products and services related to the property sector. Leading companies will present projects, technological solutions and investment opportunities. 3. Exclusive Networking: Imobinvest offers a favourable environment for establishing relationships. From local entrepreneurs to international investors, the event attracts a diverse range of professionals, creating a favourable environment for strategic partnerships. Imobinvest - Salão do Imobiliário and Smart Home Show - Salão de Domótica are organised by Zest - Marketing e Eventos and once again count on CASASAPO , SUPERCASA and Infocasa as Media Partners, and eGO Real Estate as the Official CRM. Privileged location The choice of Alfândega do Porto as Imobinvests headquarters emphasises the historical and architectural importance of the location. Situated on the banks of the River Douro, the Alfândega provides an inspiring setting that perfectly complements the dynamic and innovative atmosphere of the event. How to take part Those interested in taking part in Imobinvest can find out more and secure their invitations via the events official website or via the official partners, CASASAPO , SUPERCASA , Infocasa and eGO Real Estate , using the form available here. Get ready for three intensive days of knowledge, networking and business opportunities in the magnificent city of Porto. And also follow: eGO Real Estate kicks off 2024 with new real estate training courses , Get to know Infocasas new customisable ACM and i2v Real Estate: SUPERCASA leads on the first day
Source: Freepik Author: Redaction The decision behind selling a house is always different from case to case. There are no linear situations, or decisions made based on a single premise. The one question that is almost always certain is: you have a property that you dont live in, that you dont use, is it worth selling? To try and demystify this decision, even before you start the selling process, SUPERCASA is trying to help you understand the advantages of this type of transaction, which is, first and foremost, complex, time-consuming and rather bureaucratic. Do you have a property you can sell? We explain everything you need to know Nowadays, property is one of the most valuable assets in existence . Its an asset that, to begin with, will be worth a good amount of money, that can appreciate in value on the market, and that presents itself as a good long-term business option, either for reinvestment or to get a good return on capital. Given that the property market is very volatile and that it has experienced the normal fluctuations in price rises in recent times, the truth is that between 2013 and 2023 there were more sales, with higher values, and in a shorter space of time. Even so, behind this phenomenon is the cooling of demand , in line with the unstable economy and the pressure of inflation, with high interest rates. This has put many property owners in a vulnerable position, closing doors to new investors with less purchasing power. However, there will always be buyers, and there will always be investment . You need to make decisions, as the owner, to facilitate and speed up the sales process , before launching into the market without any knowledge. 1. Decide quickly If you really want to sell your house, you should put it on the market as soon as possible. Timing is a property sellers best ally, both because of the market situation at the time of the decision to sell and because of the chance that a buyer will be lucky enough to take an immediate interest in your property. However, the best option for achieving the most effective results is to hire the services of a real estate agency, which will better publicise your property and speed up the process . 2. Make market comparisons One of the most important parts is realising exactly how much your property is worth . Before putting it up for sale, you need to be sure of the price you want to sell it for, and that it is fair in relation to market trends. The most effective way to get this figure is by doing a lot of research, looking for properties with similar characteristics and finding out from professionals in the sector. To make the process even simpler, you can try tools such as the Property Appraisal by Infocasa available on the SUPERCASA property portal. 3. Work with a professional in the field The best decisions are those that are made with knowledge of the facts, which is why it is essential that you seek advice and help from professionals in the field . Approach real estate agencies or consultants and ask them for advice and help with the brokerage of your property. By joining forces with these professionals, youll increase the chances of a more successful sale, faster and with a better return. If you follow these three tips, then yes, its worth selling your home. And if youre ready to move forward, check out the list of estate agents featured on SUPERCASA , get in touch with the one that best suits your profile, and start the selling process. With our tips, it will be easy! Next, read: Energy Certificates: how they work and their importance , Tips for remodelling your property without spending a lot of money
Source: JLL Author: Redaction In a statement sent to SUPERCASA Notícias , JLL , the real estate consultancy, presents the Bonjardim project, a residential development with a premium location, situated in the centre of Porto , just a few steps from the Aliados and the Bolhão Market, one of the most traditional areas of the undefeated city. This project will host an event as part of the Once Upon a Space concept, the main aim of which is to combine art with the real estate sector and thus offer customers a unique experience that harmonises tradition and modernity. Bonjardim is a project that perfectly combines tradition and modernity. With 93 flats spread over 6 floors, it has typologies ranging from studio to four-bedroom flats with parking, balconies and fantastic terraces. Some of the flats have jacuzzis or private swimming pools. This new condominium stands out as one of the largest residential projects in the centre of Porto. It also has a central square that will be a new meeting point in the city , offering a variety of shopping and leisure spaces for residents and visitors. We are very excited to present Bonjardim, a project of proven quality and innovation. In addition to its comfort and convenience, this new condominium also represents a unique investment opportunity. It brings a new dynamic to Portos historic centre and a new format for residential buildings, which increasingly promote community living, explains Patrícia Barão, Head of Residential at JLL. On 14 and 15 March, Bonjardim will host the Centralities exhibition, curated by the Lisbon Art Office (LAO), whose format aims to incorporate art into everyones daily lives, as well as highlighting the pleasure of living in the city centre, taking advantage of a simple and practical way of life . At the event, there will also be a model flat available to visit and special conditions for visitors interested in buying a property in Bonjardim. We believe that the combination of art and property offers a new perspective on the concept of housing. This is how we intend to combine the exclusivity associated with this segment with the distinctive promotion of the properties to be marketed. The artistic aspect is a differentiator that enriches the experience, an aspect that is highly valued by this type of client, adds Patrícia Barão, in the note to which SUPERCASA Notícias has had access. This exhibition is more than just an art show. Its an opportunity for visitors to project themselves into the space, the art and the lifestyle that the Bonjardim development offers. We are confident that this collaboration will be a success and we look forward to welcoming visitors to this unique experience, says Aniceto Viegas, CEO of Avenue. For Rita Rodrigues da Silva, Founder and CEO of Lisbon Art Office: we reflect on art in an urban mobility based simultaneously on memory and the (un)balanced geometry of the speed at which we live. Weve tried to emphasise the sensory nature of everyday life in a contemporary format that allows us to take the time to appreciate the beauty that nourishes and inspires us. This is part of Prime Selection by JLL, the property consultancys new website focused exclusively on high-end housing in Lisbon, Porto, Cascais, Oeiras, the Algarve, Comporta and Funchal. See also JLL advises on one of the most prominent deals in Lisbon and Conjuntura da Construção | February 2024
Source: Freepik Author: Redaction When thinking about making investments, the most common way is to buy shares, but there is another way to invest your money: property speculation . This concept involves investing in property, such as homes, commercial buildings and land, with the aim of making a profit greater than that obtained by selling or renting it out immediately. Throughout this article, SUPERCASA Notícias will introduce you to this concept, helping you explore all the possibilities and letting you know not only what it is, but how it affects cities and markets. What is property speculation? As we mentioned above, property speculation involves the acquisition of real estate with the main aim of making more profit, through the appreciation of the infrastructure of the acquired property and development around it. There are several factors that influence property prices, including: Location; Available infrastructure; Demographic growth. The relationship between supply and demand is fundamental to this process , as the interest shown by people in certain areas is the factor that drives prices. Factors in urban development Infrastructure improvements: public investment in infrastructure, such as transport and sanitation, can make a region more attractive, benefiting property owners. Land scarcity: owning vacant land in valued urban areas can generate significant profits due to the shortage of supply. Urban expansion: the growth of the urban area can also raise property prices, as previously peripheral areas become more central due to the expansion of the city. Impact of speculation on cities This phenomenon not only generates profit for investors, but also transforms less populated areas into social hub s, indirectly contributing to solving the housing deficit and optimising the use of urban space. In metropolitan areas, urban mobility plays a crucial role in property appreciation . Investments in transport infrastructure fuel property speculation, creating a cycle of development. However, the impact is not always positive. Property speculation can result in underused properties and land in areas with good infrastructure, limiting access to these places for the low-income population. There can also be uneven urban expansion due to property speculation, leading to the displacement of low-income populations to more distant areas and increasing the need for public investment in infrastructure . Property speculation should not be confused with other urban phenomena , which have different causes and consequences, such as: Verticalisation: while verticalisation involves the construction of buildings in urban areas, property speculation focuses on the buying and selling of real estate for future profit. Gentrification: although related to property speculation, gentrification is a process of changing the profile of an area, making property more expensive and driving out low-income residents. So its important to understand that, although they can generate significant profits for investors, property speculation presents social and urban challenges, and there needs to be a balance between private interest and collective well-being. Also find out: What is property leasing? , Property experts: who are they and what do they do?
Source: Freepik Author: Redaction Imobinvest - Salão Imobiliário returns this year to the Alfândega do Porto Congress Center , from March 22 to 24, to bring together the best in the real estate market . This is an event that stands out at national level for its exhibitions, presentations on market trends and where you will find the main players in the sector, including eGO Real Estate as the official CRM and SUPERCASA as Media Partner. According to the events organizers, the 5th edition of Imobinvest will follow in the footsteps of previous editions , allowing the various interested parties to come together in an exhibition area that will enable closer relations between seller and buyer . Thus, professionals visiting the real estate show will find services, companies and an area dedicated to presentations, where they can hear about new products such as the Virtual Tour . Also at the stand where SUPERCASA and eGO Real Estate will be present, you can talk to the team that will be welcoming you throughout the three days , drink a Ginjinha DÓbidos with them and taste some traditional Beijinhos das Caldas. Youll be able to clarify your doubts, learn about Infocasa , the largest database platform in the country, and explore the potential of Infocasa - As Minhas Rotas , which streamlines sales processes. The advantages of eGO Real Estate will be highlighted over the three days of the event , during which youll learn about features related to customer support, handling opportunities and many others. You will learn about the eGO Real Estate websites and the various features available, as well as the reasons why eGO is the leading CRM in Portugal , which include, above all, the total integration of the CRM with other platforms such as Virtual Tour, Infocasa and the real estate portals SUPERCASA and CASASAPO . To ensure your presence, eGO Real Estate and SUPERCASA invite you to order your ticket, free of charge, here!