Blog

The Catalan real estate fund, MK Premium, entered Portugal in 2018, investing about seven million euros in real estate in Lisbon, Porto and Gaia to date. Plans for this year point to a doubling in investment, according to a statement made by the company to the national press. The company says it expects to double its economic investment in the acquisition of real estate in Lisbon and Porto, up to 15 million euros. The real estate asset management company acquired a total of 80 properties last year (44% more than in 2017), including nine residential buildings in the first year in Portugal, which is expected to multiply in the coming months. Source: Jornal de Negócios

More than half of Portugal's exports to the United Kingdom are from North Portugal, pharmaceuticals, furniture, textiles, shoes, etc ... as examples, are exposed with 27% compared to what is the fourth largest market in this region. The North is the region that exports the most from Portugal. It is also the one that will be lost by the divorce between the United Kingdom and the European Union (EU), a process that will certainly lead to the degradation of international trade in goods between the two parties. Britain is the fourth largest external market amounted by EUR 1,845 billion in 2017, which makes a 8.3% share in the total amount of the exports from Northern Portugal in that year. Consistent with the information disclosed in this study, the comercial, business and tourism links between the North and the UK are importante. But and this is important for both sides and the sideffects, above all are the pharmaceuticals with the highest relative exposure to the British market, accounting for 27.1% of the revenues of 49.8 million euros.  Auto parts products, who have the greatest impact in the region for and with the UK, achieving revenues of approximately 450 million euros, shown as an 11.5% exposure. Followed by electrical equipment with a turnover of 380 million and textiles and clothing with a turnover of 347 million where the respective British market generates 12.2% and 8.4% of the total sales.  Commercial surplus of almost US $ 1.4 billion In terms of trade balance, the surplus generated by the North of the country in 2017 only in relation to the United Kingdom, they where the eighth largest supplier, with 2.9% of the total and close to 1.365 billion euros.  We must have the notion that Portugal is in the first half of the board of European countries with higher potential for suffering the effects caused by brexit. Given that the UK market is our fourth largest market with 3.6 billion euros of exports, accounting for more than 6.6% of our total exports. And that there are estimates of possible declines around an average value of 20% with repercussions that may translate into losses with an amounting of 1% of our Portuguese GDP. However and as much as we may be trying to calm and shuffle the data on the consequences of the leaving of the UK in relation to Brexit, the only certainty at this point and moment is there is that there is a total "uncertainty". "Uncertainty + Brexit" its dimension, its size and the consequences that it brings to our economy, but also to the international and European economy have no evaluation possible at this time, as there are no data or measures to measure the impact it will have on all of us.   Source: Jornal de Negócios

Investment in housing increased by 42% in Lisbon alone. The Residential investment was the main target, concentrating 84% of the transactions registered with more than 11,700 operations. Investment in housing increased by 42%, compared to 2.85 billion euros invested in 2017. Commercial real estate and services accounted for 21% in volume, also showing a positive evolution compared to 2017. The land transaction was also dynamic, moving more than 100 million euros in 2018. The Investment has expanded to all the parishes of Lisbon, starting with Avenidas Novas and Santa Maria Maior with the largest investment volume, each with a volume of transactions of approximately 750 million euros, followed by Santo António with 688.5 million euros of investment. The most representative of the investment in 2018 are Arroios with 519 million euros, Estrela 415 million euros and Freguesia da Misericórdia with 410 million euros. In total, this set of parishes accounts for 60% of the total amount transacted in the Lisbon ARU, but there is a growing dispersion of investment in more and more Lisbon areas, having doubled (from 6 to 12) the number of parishes where the investment exceeds 200 million euros. Source: Diário Imobiliário

Preparing your house for sale can give you more work than you might think, since the special attention in decorating until have to do minor repairs. This preparation is crucial both for the pictures, that will be used in the sale of your house, as for subsequent viewings. To eliminate the sense of visual chaos, we advise you to: Keep it clean and tidy: No doubt this is a very important factor! To those who see your house for the first time, whether in pictures or during the viewing, is to avoid any distractions that prevent the buyer from focus on the details that really matter. Keep every room in the house tidy, put away personal objects, organize bookshelves, and pay attention to details such as fluff up your cushions and straighten your curtains. Small cosmetic improvements: To put your house on the market, must take into account if you need some improvement, for example, a new paint job. Discuss this matter with your consultant, in order to understand whether this type of investment will be favorable or not. Decoration: Personal tastes aside, when it's time to sell your home, try to keep a more neutral decoration during the photo shoot and the visitors, allowing the purchaser to imagine the house as his own. Pets: In addition to the personal preferences, you must pay particular attention to the allergic issues, which may make it difficult to make the viewing. For this reason, during a viewing, if you have pets, keep them in a single room, avoiding that your pet becomes the center of attention, instead of the house. Lighting: During the viewing, the consultant will open all the blinds and turn on most of the lights in order to promote your home. For this reason, replace blown bulbs, and in the case of shutters or blinds that don't work correctly, fix them. Garden, pool or outside spaces: Take in consideration that this space should be arranged and taken care of, which any decor and garden equipment must be in good condition.

Portugal has been elected the world best destination for the third year in a row, which comes as no surprise to us. Here you can find everything from small charming villages, rich with heritage and genuine Portuguese cuisine, to large metropolitan cities, with Michelin star restaurants and active nightlife. With its world-renowned beaches, excellent gastronomy, top quality wines and one of the best climates in Europe, Portugal attracts people from all over the world, seeking better life quality, both for body and mind. The high international interest for the Portuguese property market has led to a significant increase in new properties built with higher quality standards and resourcing modern technology solutions. Despite an increase in pricing as a result of the high demand, Portugal's property market is most advantageous compared to most European countries, due to a lower price per sqm. Whether you are interested in living here permanently, acquiring a vacation home or purchasing a property for investment purposes, we are here to help you find what you are searching for and guide you throughout the process, to ensure a smooth and efficient purchase. Most of the non resident property owners look to profit of their property through holiday rentals. It is a great opportunity to generate a good return of investment, due to the increasing amount of tourists every year and generous pricing during high season.    For property owners in Algarve, we recommend that you contact Mancini Properties for a trustworthy and quality rental service throughout the whole process. To contact them please visit their website via this link, Mancini Rental Service in Portugal.