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Why such expensive houses? – Economy



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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BMW asks not to drive or charge iX and i4 trams due to fire hazard – Observer



BMW asks not to drive or charge iX and i4 trams due to fire hazard - Observer

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BMW and the National Highway Traffic Safety Administration (NHTSA), the local authority responsible for road safety, have advised consumers in the United States that should urgently stop driving or recharging their electric BMW iX and i4, and the NHTSA also provides advice on the best places to park your car. As always, it is the American market that is quicker to respond to security concerns, despite the fact that all iX and i4 in circulation are currently made only in Germany, including those sold in Portugal.

Like other builders, BMW also has to deal with battery-related safety issues. In particular, with cells used to form packagewhere possible risk of short circuit in a high voltage circuit may cause a fire.

The elements in question are not produced by BMW, a manufacturer that has not yet invested in these capacities, but are purchased from two external suppliers, namely the South Koreans from Samsung and the Chinese from CATL, anything that indicates they may have a manufacturing defect. The cells are imported and then the cells are generated. packages which will be fitted to vehicles near the factories where they are produced: i4 at the Munich plant and iX at the Dingolfing plant, both in Germany.

In addition to public notices through website NHTSA which we reproduce here, BMW will contact each of the owners directly. And the fact that this is a call to the workshop marked “urgent” will certainly deserve the attention of those who are interested.


The number of vehicles participating in this revoke very small because BMW’s electric SUV and sedan have only recently begun to be offered in the US market. The brand estimates that only 83 units (56 iX and 27 i4) are at risk. The number of units sold of these two models in Europe is much higher. even in Portugal, for which there is no information.

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California regulator accuses Tesla of misleading consumers



California regulator accuses Tesla of misleading consumers

The Department of Motor Vehicles (DMV) said Tesla advertised its autopilot and autonomous driving technologies as more efficient than they actually are, according to the Los Angeles Times.

The company “has made or published false or misleading statements that are not based on facts,” according to a case filed July 28 with the Office of Administrative Hearings.

The Los Angeles Times writes that Tesla vehicles could never “and never can operate as autonomous vehicles,” claims DMV. The regulator did not immediately respond to an AFP request for comment.

Tesla’s website describes its autopilot as having “fully autonomous driving.” “All the driver has to do is get in the car and tell them where to go,” the company says, promising that “if you don’t say anything, the car will check your schedule and take you to your intended destination.” “

The ruling in favor of the California regulator could have serious repercussions for the electric car maker, including the potential revocation of licenses that allow Tesla to make or sell its cars in the state, according to the Times.

However, a DMV spokesperson told the newspaper that what the agency really wants is for Tesla to better inform consumers about its autonomous vehicles and acknowledge the limitations of its technology.

Tesla vehicles equipped with self-driving software have been involved in 273 crashes in the United States, according to a report released in June by the National Highway Traffic Safety Administration, which is investigating the company.

In June, Tesla owner Elon Musk stressed the importance of fully autonomous driving, saying that without it, the value of his company would be “close to zero.”

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XBUS Camper, Ultra-Efficient 2 Person Electric Mini Camper



Imagem da minicaravana elétrica XBUS

Electric vehicles are taking over the roads and in the near future every class of vehicle will be available on electricity. From light to heavy, passing through the transport of people, to commodity, brands are hard at work preparing the transition. We say this emphatically because even the most unusual proposals are already thinking about electrical efficiency. A luxury case is the XBUS Camper motorhome.

This offer is for a super efficient electric mini caravan for 2 people. Relax in nature with maximum comfort.

XBUS: a mini caravan that does not harm the environment and your comfort

The proposal is based on some sustainability criteria. One small car with solar panels and it can accommodate two people. Thus, the camper version of the XBUS will have a length of 3.95 m, the minivan offers space for the comfort of passengers.

One retractable cab at the rear creates a 130 x 210 cm sleeper. There is also a mobile kitchen unit on board, which can be used outside the vehicle if necessary, as well as TV, refrigerator, fresh water tank and sink.

In a fully equipped version the price of the XBUS Camper with convertible roof should be around 30,170 euros.. At present, the prototype machine is still in early production at the German firm based in Rossbach. The first models are expected to reach customers in 2024.

The camping version is equipped with four electrically controlled wheel motors that together deliver up to 56 kW (76 hp) at full power for a top speed of 100 km/h.

Picture of XBUS electric mini caravan

Converting solar energy into electrical energy

The battery in the basic version has a capacity of 15 kWh and can be increased up to 45 kWh with additional battery packs. Depending on the battery configuration, range must be between 200 and 600 km. Charging takes three to five hours from a standard 220V outlet, or correspondingly faster from an 11kW charger.

Like other XBUS variants, the XBUS Camper is available in both standard and off-road chassis versions with increased ground clearance. A 5 m² photovoltaic panel is installed on the roof. Under optimal conditions, a vehicle should be able to generate an additional range of 30 to 50 km per day from solar energy on average per year.

This technology is especially relevant for camping in sunny regions. Thanks to car charging technology, campers can also use their own solar power from the car's own 220-volt socket.

With a curb weight between 500 and 800 kg, depending on equipment, the XBUS belongs to the category of light electric vehicles. In the future, XBUS customers will be able to choose from nine options. Whether it's a pickup truck, van, bus or motorhome, they all take a modular approach.

Faced with increasing traffic congestion, we need smart, versatile and sustainable concepts that enable individual mobility and adapt to personal lifestyles: sustainable, modular and affordable. That's where we come in with XBUS.

Said Ralph Haller, founder of the company.

Modular to adapt to any type of offer

The modular principle can be a big advantage of this proposal. For example, with just two modules, a van can be temporarily converted into a motorhome for the next vacation.

Approximately 270 dealers in Germany and more than 800 in Europe make this quick and easy conversion possible. It is also planned to rent modules.

Company policy regarding XBUS, ElectricityBrandsthis concept and product is based on environmentally friendly production methods and short delivery routes, as well as the use of cobalt-free batteries.

Our goal is to be able to reuse as many individual parts as possible. We achieve this by using unblended materials and components, which are generally 100% recyclable. Green from start to finish, that's what the global concept is for.

concluded Ralph Haller.

Portugal is already included in the list of countries that will be able to get this car.

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