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Tarek El Moussa from HGTV got more than he asked to go home

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Tarek El Moussa from HGTV got more than he asked to go home

Tarek El Moussa, HGTV star “Flip or Flop,” and his girlfriend, Heather Rae Young from “Selling Sunset,” Netflix, quietly finished selling outside the market in Costa Mesa, spilling their modern farmhouse for $ 2.705 million.

That’s $ 430,000 more than El Moussa paid in 2018 and $ 130,000 for the asking price, according to records.

“I realize the value of my home is the highest ever and now will be a great opportunity to sell,” El Moussa said. “I also realize that prices will not stay this high, which drives my decision to take profits and sell high, sit on the sidelines for a year or two, and then buy low.”

Not surprisingly, the HGTV star made several changes during her stay, touching the floor-to-ceiling fireplace in the living room and the large marble island in the kitchen. A large open floor plan with white-painted beams, glass walls and administrative windows is anchored in a 3,000-square-foot home.

Elsewhere there are four bedrooms and four bathrooms, including the main bedroom under a dramatic domed ceiling.

Most public spaces open to outdoor living areas with lounges and dining rooms. Past that, the fire pit overlooks the pool and spa. A grill and bar complete the view in the back, and the garage taps the electric car charging station in front.

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The property, which was built in 2015, is located about two miles from water in Eastside Costa Mesa.

Jason Oppenheim and Heather Rae Young from the Oppenheim Group hold the list. Tim Smith and John Yasko from the Smith Group represent buyers.

“I contacted several local agents to tell them that Tarek sold his house. The agents brought their clients to the same day and we had two offers, which were requested excessively, the following morning, “Young said.

In the Orange County real estate scene, El Moussa has flipped home in Southern California for its hit show “Flip or Flop,” which will air its ninth season this summer. Other properties include a 50 foot cruise ship with two bedrooms and two bathrooms.

Young stars on Netflix’s “Selling Sunset”, a reality series that focuses on the list of luxury goods marketed by the Oppenheim Group. His second season will premiere on May 22.

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Domestic consumption rises and supports Portugal’s GDP growth

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Domestic consumption rises and supports Portugal's GDP growth

Despite inflation, private household consumption increased between July and September this year. This increase allowed the Portuguese economy to continue growing in the third quarter. The growth was 4.9% compared to the same period last year.

The past few months have confirmed a trend towards sharp inflation and rising costs such as mortgage payments for those with mortgages. Difficulties that are currently forcing families to consume less than a year ago. But, compared to the second quarter of 2022, from July to September this year, private consumption increased by 1.1%. Domestic demand supported the slight growth of the Portuguese economy recorded in the third quarter.

Even with the fall in exports and investment, GDP grew by 0.4% compared to the previous quarter and by 4.9% compared to the same period last year. The numbers that need to be produced to ensure that 2022 ends with a booming economy, even during a downturn and international uncertainty.

This instability still does not affect the unemployment rate, which remained at 6.1% in October. Compared to September, the number of unemployed has decreased by 2,000. The active population has also declined and there are still 285,000 people who are not considered unemployed but are out of the labor market or only work a few hours a week.

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5-star hotels lead the way in the restoration of Portuguese tourist sites

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5-star hotels lead the way in the restoration of Portuguese tourist sites

In October, the number of overnight stays in 5-star hotels increased by 15.9% compared to the same month in 2019, which, according to additional information, namely from the DMC (Tourist Inception Agency), is associated with a strong increase in tourism from the United States. states.

Information published today by INE indicates that in October, compared to the same month before the pandemic, the number of overnight stays in tourist establishments in Portugal increased by 6.2%, with the strongest increase in hotels, at 8.2%. in which, therefore, 62.1% is concentrated. overnight stays.

The information shows that 4-star hotels, where the largest number of beds are concentrated, had 48.9% of overnight stays in October, totaling 2.05 million, which is +7.6% or more than 144.7 thousand than in October 2019.

This was followed by 3-star hotels with 927.3k, but this increase was about half of 5-star hotels, by 7.6% or 65.5k, to 927.3k, and then 5-star hotels with 857. 4 thousand overnight stays, an increase of 15.9%. or 117.6 thousand compared to the same pre-pandemic month.

In contrast to the evolution in these categories, there were 2- and 1-star hotels, in which the number of overnight stays decreased by 2.7%, or ten thousand, to 360.8 thousand.

The cheapest apart-hotels (three and two stars) also saw a decrease in overnight stays, from -20.9% or less than 24.4 thousand, in hotels and farms in Madeira, from -0.4% or less, to about 300, and in tourist settlements, from -7.7. % or less than 17.5 thousand.

At the same time, the number of apart-hotels increased by 1.2%, or 8.5 thousand, to 717.5 million, due to the increase in 5-star hotels by 6.7%, or 6.6 thousand, to 104.9 thousand, and 4-star, by 5.4 thousand% or 26.4 thousand to 519.9 thousand.

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Overnight stays in tourist apartments also increased by 3.2%, or 13.6 thousand, to 437.8 million, local accommodation, by 0.6%, or 5.5 thousand, to 901.2 thousand, and , primarily tourism in rural areas and housing, with an increase of 45.2% or 67.3 thousand to 216.5 thousand people.

The INE data also shows that Portuguese tourist sites were the best in October in terms of overnight stays this year, with peaks achieved by 5-, 4- and 3-star hotels, 5- and 4-star apartment hotels, accommodation . and rural tourism and housing development.

See also:

The US market is already setting new annual records in Portuguese hotels

The Portuguese hospitality industry experienced the best October in terms of number of guests and overnight stays.

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Government approves strategy to combat “Portuguese underrepresentation” in Brussels

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Government approves strategy to combat "Portuguese underrepresentation" in Brussels

This afternoon the Council of Ministers will approve a national strategy to combat what it considers “underrepresentation de Portugal” in European institutions, in particular the European Commission.

“There is a significant shortage of Portuguese, especially those working for the Commission,” explains the Secretary of State for European Affairs in statements to Renaissance🇧🇷 The problem, according to Thiago Antunes, is not limited to middle management: “This is the first time Portugal does not have a CEO in the European Commission”.

The government wants to “correct this imbalance and fight this deficit in order to win.”ability to influence in decisions.” But it is not possible to increase the number of vacancies for the Portuguese, if only because there are no national quotas for employees working in institutions.

To go to Brussels or even work in Portugal on a full-time basis, you need to pass a series of tests prepared by EPSO (European Personnel Selection Office). 🇧🇷These are very difficult competitions.with very concrete evidence,” the official explains.

The strategy will be based on several pillars: training, increasing grants and encouraging the mobility of civil servants. The Portuguese government is going to create a national training center to “better prepare our candidates for competitions”; to bet on “dissemination of opportunities; increase the balls (by quantity and value); and create a statute that allows those who work in the public administration of Portugal to move into the European public administration.

The aim is to achieve “greater representation” in the European Commission in order to have “greater influence” on the decision. Although the strategy is to strengthen the Portuguese presence in Brussels and the employees do not work for Portugal.it doesn’t matter that they are portuguese“, he defends.

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Fruits may not appear early or may not even be measurable. “It will take some time until we see results,” admits the former secretary of state to the prime minister. But the wait does not stop the Portuguese government. “We have to start right now,” Thiago Antunes insists, pointing to the demographic problem among those working in Brussels. “There are a lot of Portuguese who came in at the time of our accession and are now retiring.”

The strategy aims to reverse the cycle of loss of Portuguese representation among the 27. The diploma will be approved this Wednesday in the Council of Ministers.

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