Connect with us

Economy

T2 used in Lisbon costs 10% more and in Porto it costs 15%. Real estate prices rise, sales fall – Executive Digest

Published

on

T2 used in Lisbon costs 10% more and in Porto it costs 15%.  Real estate prices rise, sales fall - Executive Digest

In the 2nd quarter of 2022, the price per square meter in Portugal rose sharply, especially in Porto, where the growth was stronger, from 26.3%, from 1720 to 2172 euros, and in Lisbon, the increase was 8.5%, from 2429 to 2635 euros. euro euro. As prices rise, demand suffers.

According to figures published this Monday by real estate consultancy Imovendo, with rising costs per square meter in the Lisbon metropolitan area, used T2s are now 10% more expensive than a year ago, and in the Grand Port, the increase was 15%. .

This increase in prices was reflected in a decrease in the number of homes sold in the 2nd quarter in Portugal, which fell by 7%, from 13,476 to 12,586, compared to the previous year’s quarter.

As for the sale of new real estate, during the analyzed period there was a decrease from 4,834 to 3,862, which is 20% less compared to the same period of the previous year.

“The drop in sales of new buildings is due to a slowdown in the pace of new construction, caused, firstly, by the lack of materials due to the pandemic, and secondly, by the war in Ukraine. The significant increase in inflation has also significantly increased construction costs,” explains Nelio Leao, CEO of Imovendo.

According to the analysis, the price per square meter continues to rise throughout the country, both in new and used properties.

“This may be due to the large migration of people. Despite the end of the pandemic, many people have definitely moved to a model of remote work, which gives more freedom in choosing housing, ”he adds.

See also  Powell Topples Wall Street Over Inflation Fears, But Dow Sets Records - Stock Exchange

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Economy

In Russia began to dismantle aircraft for spare parts – Aviation

Published

on

In Russia began to dismantle aircraft for spare parts - Aviation

Russian airlines, including state-owned Aeroflot, are stripping planes to secure spare parts they can’t buy abroad due to Western sanctions, Reuters reported, citing four industry sources.

The companies are following Moscow’s guidance in June and are reaching out to some aircraft to get the parts they need to keep the rest of the fleet operational until at least 2025.

A source told Reuters that at least one Sukhoi Superjet 100 and one Aeroflot Airbus A350 are being dismantled, with the Airbus jet being “almost new”.

But the state-owned company has also stripped parts from some Boeing 737s and Airbus A320s to keep other planes of the same model flying.

Almost 80% of Aeroflot’s fleet is owned by the two largest aircraft manufacturers – 134 Boeing and 146 Airbus aircraft, and about 80 aircraft – Russian-made Sukhoi Superjet-100, which, according to the latest data, use many foreign-made parts, Reuters notes.

It will also be difficult for Moscow to buy parts from countries that have not imposed sanctions against Russia after the invasion of Ukraine. Asian and Middle Eastern airlines fear “secondary sanctions” from the West if they supply equipment, a source told the agency.

See also  Wall Street Records. Dow closes above 35,000 pips for the first time - Stock Exchange
Continue Reading

Economy

After all, how much lower fuel prices? See accounts here

Published

on

After all, how much lower fuel prices?  See accounts here

Ethis week started with lower fuel prices, which was found for both diesel and gasoline. The fall averaged seven cents, slightly below forecast.

Average price for simple diesel fuel fell in price to 1746 euros per liter (€/litre) on Monday, August 8, compared to 1816 euro/litre on Sunday. it discount seven cents.

Me and simple gasoline 95 cost, on average, €1805/liter on Monday, minus 7.3 cents than the 1,878 euros per liter registered the day before, according to data released by the Directorate General for Energy and Geology (DGEG).

With proven descent on plain petrol 95the price of this component returns to pre-war levels in Ukraine. Let me remind you that on February 23, the average price of regular gasoline 95 was 1816 euros / liter. On the same day of the invasion, plain gasoline 95 also cost €1,816 per litre, compared to the current €1,805 per litre..

Dynamics of fuel prices since the beginning of the war© DGEG website reproduction

The average price at gas stations for the week from 1 to 7 August in the case of gasoline was 0.9 cents higher than the ERSE weekly average price and 0.1 cents lower for diesel.. The information is contained in the Weekly Report on Supervision of Sales Prices to the Public, posted on Monday Energy Services Regulatory Authority (ERSE).

“Regarding the previous week, it was found that the average selling price for the public, announced on the porticos and published in the Balcão Único da Energia, was 0.9 cents per litre. [cêntimos/litro] higher than this week’s effective price for plain gasoline 95 and 0.1 cents/liter lower for plain diesel.”

See also  California Governor Phone calls for Probe Into Rolling Blackouts

Thus, according to ERSE, “in percentage terms, plain 95 gasoline was declared on taps 0.5% above the effective price, and ordinary diesel fuel was declared 0.1% below the effective price.”

Read also: Fuel is cheaper today (and could return to pre-war prices)

Always be the first to know.
6th year in a row Consumers Choice and Five Star Award for Online Press.
Download our free app.

Apple Store Download

Continue Reading

Economy

Europe ends the session in green. Oil is on the rise. Interest Weakens – Minute Markets

Published

on

Europe ends the session in green.  Oil is on the rise.  Interest Weakens - Minute Markets

Europe recovers from worst day in three weeks and accelerates growth

The main markets of Western Europe opened weekly trading in positive territory, investors are closely watching the companies’ quarterly earnings and losses. It comes after the underlying Stoxx 600 recorded its worst day in three weeks on Friday under pressure from the tech sector, which fell more than 2%.

The core index of the Old Continent added 0.76% to 439.04 points, with all sectors trading in positive territory. The oil and gas sector recorded the largest growth, followed by the mining sector and utilities (water, electricity, gas). On the other hand, food, media and telecommunications traded with gains below 0.5%.

“Markets have proven resilient in recent weeks,” Esty Dweck, an analyst with Flowbank, explains to Bloomberg. “Europe continues to surprise with growth, but growth prospects remain negative, suggesting that recent good performance is unlikely to last until the end of the year.”

Among the main indexes in Western Europe, the German Dax rose 0.98%, the Spanish IBEX 35 added 0.91%, the French CAC-40 and the Dutch AEX added 0.71%. Britain’s FTSE 100 added 0.61%, while the Portuguese PSI jumped 0.74%.

Italy’s FTSEMIB added 0.81% even after rating agency Moody’s downgraded the “forecast” of the country’s economic growth.

See also  Wall Street Records. Dow closes above 35,000 pips for the first time - Stock Exchange
Continue Reading

Trending