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There are fewer and fewer houses for sale in Portugal. Spot Price Increase – Real Estate

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There are fewer and fewer houses for sale in Portugal.  Spot Price Increase - Real Estate

In Portugal, there is a clear slowdown in the supply of real estate. At the end of April, there were 135,000 objects on sale against 150,000 at the end of last year, which means a drop of 6%.

A drop in real estate supply that “could cause short-term price increases, especially in major cities,” real estate consultant Imovendo warns.

The biggest drop in inventory occurred in apartments, with housing supply remaining relatively stable during the first four months of the year.

“We’re talking about 15,000 new properties put on the market in the first four months in the Lisbon metropolitan area and 44,000 new properties in the Porto metropolitan area, with both metropolitan areas having very similar falls: 15% in Lisbon and 18% in Porto compared to the last quarter of 2021,” highlights Nelio Leão, CEO of Imovendo, in a statement to Negócios.

According to the analysis of digital real estate, most businesses are located in areas of major cities, especially in Greater Lisbon, and that there are fewer and fewer apartments for sale, used or new.

In terms of property sales, Imovendo notes, the pace of business is similar to that of 2021, with more than 38,000 properties sold in the first quarter of 2022 and around 13,000 in April 2022, “meaning demand remains strong despite rising prices. and new restrictions on mortgages.”

“There is still a lot of uncertainty about the interest rate hike, which should take place either in July or September 2022 when the ECB executive committee meets with the eurozone central bank governors, but it is estimated that this increase could reach 25 basis points. if the same thing happens,” says Nelio Leao.

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“While the reported inflation rate is already four times higher than estimated in the previous year, an increase in interest rates could send the eurozone into an unwanted recession,” emphasizes CEO Imovendo.

In addition, concludes Leao, “This uncertainty, the war in Ukraine and the resumption of the coronavirus wave are expected to affect consumer confidence and slow down the growth of the real estate market, which has been a very resilient market in recent years. two years.”.

On the other hand, Imovendo guarantees that in the first four months of this year it has sold more than 10 million euros of used properties, representing an increase of 60% compared to the same period last year, and “at the same time, it has allowed its customers to save more than €500,000 in real estate commissions given that the business model differs from current practice in terms of commissions,” the digital real estate company said in a statement.

“Our technology and digital-driven business model allows us to only charge flat fees to owners, making it a robust model and better prepared for a crisis than the traditional real estate model,” defends Nelio Leao, given that in the case Imovendo “owners are at the center of the process, allowing them to reap huge efficiency gains.”

Expectations regarding the purchase and sale of real estate in the domestic market for the first half of the year will stabilize compared to the first half of last year, said Imovendo.

Based on these figures, the real estate company expects €50 million worth of real estate sales in Lisbon and Porto in the first half of the year, “that is, doubling the number of real estate transactions compared to the first half of 2021.” he concludes.

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Economy

Everything has been delivered. 10 Bugatti Centodieci are already in the hands of the owners

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Everything has been delivered.  10 Bugatti Centodieci are already in the hands of the owners

OAll Bugatti Centodieci have been delivered, the Molsheim-based brand said on Monday. Cristiano Ronaldo received the number 07 in October this year. and Bugatti has now revealed that the latest unit – #10 – is already in the possession of its owner.

“The Centodieci combines all the values ​​of the Bugatti brand in an extraordinary package: rarity, innovation, heritage, craftsmanship and unrivaled performance. The production batch of 10 units was so in demand by our customers that it was sold before the Centodieci. was even officially presented,” said Christophe Piochon, president of Bugatti.

This latest example is finished in Quartz White with carbon fiber trim on the bottom and matte grilles. The brake calipers are painted in Light Blue Sport, as is the logo on the rear that refers to the EB110, the iconic Bugatti model that inspired this Centodieci. Inside, the predominant color is also blue, as you can see in the images above.

This block is powered by the same block as the other nine instances. The 8.0-liter W16 with four turbines is capable of developing 1600 hp. In terms of performance, this allows the Centodieci to hit 100 km/h in just 2.4 seconds and reach a top speed of 380 km/h.

Recall that each unit costs the owners eight million euros before taxes.

Read also: We already know when the Bugatti Centodieci fell into the hands of Ronaldo.

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Economy

The first Dacia hybrid. “The cheapest hybrid family on the market”

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The first Dacia hybrid.  "The cheapest hybrid family on the market"

BUT Dacia revealed this Monday that the hybrid engine has been available since March on the Jogger, the Romanian brand’s model known to be available with a seven-seat variant.

The Jogger Hybrid 140, Dacia’s first hybrid, will hit dealerships in March, but customers can expect and order it as early as January.

The price has been revealed by Dacia and since it’s only available in the seven-seater SL Extreme, it starts at €28,800. The brand claims it is “the most affordable hybrid family car on the market.”

Available in six existing colors to celebrate the launch of this hybrid, there will be a slate gray version, as you can see in the images above.

Equipped with a 1.6 liter four-cylinder petrol engine with 90 hp, the Jogger is also powered by two electric motors (a 50 hp engine and a high-voltage starter-generator). The total power is 140 horsepower. The electric transmission is automatic, four-speed, connected to an internal combustion engine, and two speeds are connected to an electric motor. This combined technology was possible, according to Dacia, only due to the lack of clutch.

Combined with the energy recovery levels of the 1.2kWh (230V) battery pack and the efficiency of the automatic transmission, regenerative braking delivers all-electric traction on 80% of urban journeys and saves up to 40% of fuel compared to a combustion engine vehicle.

Read also: Dual-fuel Dacia Jogger Eco-G. We tried 5 seater and LPG…

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Economy

See how Tesla tests its electric Semi truck in the worst-case scenarios

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Tesla Semi camião elétrico testes

Tesla has finally been able to bring its long-awaited Semi to market. This electric truck promises to revolutionize transportation and bring all the unique characteristics of this type of electric vehicle to this class of vehicles.

Now that the first units have been delivered, there is hope that they will finally be mass-produced and reach more transport companies. With so many promises to be kept, a new video is now emerging showing Tesla testing its Semi truck under worst-case scenarios.


Tesla Semi is already on the market

Like all Tesla electric vehicles, Semi follows the same line of creating a unique design associated with a platform with the most modern technology available. The proof is in what was presented to the public and surprised most people.

To prove the quality of this new proposal, Tesla published in your LinkedIn account new video. In it, he reveals some of the testing he's done to determine the strength and quality of the Semi's design and its (potential) durability.

Tests to prove its durability

It has been revealed that the Tesla electric truck is subjected to numerous tests and its application in the worst scenarios that drivers may face. It doesn't stop at the ruggedness of the Semi's designs, but goes further and focuses on the motors and batteries themselves.

This is the proof that many have been waiting for to ensure that this new proposal is not limited to a lot of autonomy. Its resistance is great and will provide greater durability, further enhancing the Semi's value and performance.

high quality electric truck

Tesla has already showcased the Semi's quality with a video showing its truck driving roughly 500 miles on just one charge. The big news here is that he managed to make this long journey with a maximum load of about 37 tons.

Now Tesla remains to widely place the Semi on the market. At the moment, only a few companies have access to this new product, with a very long list of pending deliveries, who want to start mass-using this electric truck offering.

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