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Why such expensive houses? – Economy

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Why such expensive houses?  - Economy

“Despite the level of unpredictability of the current macroeconomic context at the national and international levels, housing prices maintain an upward trajectory in the Portuguese market,” the CEO of Century 21 Portugal said in a statement.

Looking at its results, “In the first six months of 2022, Century 21 Portugal had a turnover of over 45.7 million euros, representing an increase of 47% compared to about 31 million euros recorded in the same period last year. 2021 , The turnover in which the network participated, including the sharing of transactions with other operators, exceeded 1,807 million euros, an increase of 59% compared to almost 1,135 million euros recorded in the first half of 2021.”

Between January and June, Century 21 Portugal completed 9,804 sale transactions, up 40% from 7,008 in the same period last year, with T2 and T3 standing out as “the property types most sought after by Portuguese families” he says in his report. statement. The average value of real estate sold in the real estate network increased by 14%, for 184 192 euroscompared to an annualized average of €161,371.

As for the leasing market, 2,360 transactions were made in the first half of this year, which is 38% more than 1,708 transactions in the same period last year. national level, average income reached 1038 euroswhich is 27% more than the average of 817 euros in the average rental value confirmed in the first six months of 2021.

The Executive President (CEO) of Century 21 Portugal, quoted in the statement, emphasizes that “the high level of demand for houses, both for purchase and for rent, combined with the restrictions in the supply of housing solutions, in line with the purchasing power of the Portuguese, continues to support a constant increase in prices.“.

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However, there is an “exception” which is “the city of Lisbon, where the average value of real estate sold in the first half of this year showed a negative trend, with many families moving to the outskirts of the capital in search of housing.” houses adapted to their income,” notes Ricardo Souza.

“Already rents begin to recover to pre-pandemic valuescaused by the return of tourism and the fact that many young people are choosing to rent a house, given the difficulty in meeting all the criteria and requirements for accessing a home loan.”

A detailed analysis of the metropolitan areas of Lisbon, Porto and the Algarve, where Century 21 Portugal registers “the vast majority of real estate transactions”, it turns out that until June the average cost of a house sold online was 293,037 euros in Lisbon. (-3% yoy), in 203,496 euros outside of Porto (+15%) and 1€78,565 without Algarve (+17%).

In the rental segment, the municipality of The average rental price in Lisbon is 1170 euros. (+15%), Porto achieved an average rent of 1022 euros. (+23%) and in the Algarve this cost was 735 euros (+9%).

According to Ricardo Sousa, this dynamic shows that “it is the peripheral markets of Lisbon and Porto, as well as other secondary cities, that are driving the current price increase, an effect that is also registered in other, more touristic and second-hand houses. markets such as the Algarve and Madeira.”

In the opinion of the CEO, “this is a consequence of the high house buying efforts in Lisbon, Oeiras, Cascais and Porto, given the supply of residential properties currently available for sale in these areas”, it should be noted that the year-on-year comparison is still driven by the pandemic and restrictions “which severely capped rental prices.”

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In the first half of the year, Century 21 Portugal also completed 1,863 transactions with international customers, up 69% from 1,102 transactions in the same period in 2021.

“The weight of transactions in the international segment is already 19% of the volume of transactions carried out in this real estate network, which demonstrates the resumption of business with clients from other regions and confirms that the Portuguese real estate market remains very attractive for both foreign investors and clients of different nationalities who choose Portugal to live and work,” he emphasizes.

During this period, Century 21 also notes “confirmation of changes in the profile of international clients, with the US remaining the dominant nationality, followed by France, the United Kingdom and Brazil.”

For Ricardo Sousa, “low unemployment, the accumulated savings of many families during the pandemic, low interest rates – even with the expected increase – affordable financing and the low weight of financing in total transactions – which are currently around 50% – are some of the factors, which continue to stimulate and support demand, coupled with a reduction in the “stock” of real estate available for sale at the moment.”

“This context minimizes the impact of the levels of economic uncertainty that we are currently facing and gives us some confidence in the behavior of the real estate market and price developments in 2022,” says the President of Century 21 Portugal.

However, he emphasizes, “it is important to closely monitor the impact of the geopolitical evolution of the war in Europe and international macroeconomic factors on the national economy.”

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From January to June, Century 21 Portugal has 13 more branches, currently operating 201 branches and a team of more than 3,700 real estate consultants and 250 loan intermediaries.

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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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