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residential Market News: Spanish Real Estate Intelligence

Construction of New Homes Takes Off in Porto
21 September 2019 – In the first six months of this year, 2,130 new homes, corresponding to 275 construction projects, entered the municipal licensing process in Porto, already the equivalent of 78% of the total for last year as a whole. Most of the applicants were for new builds. Those accounted for 1,266 homes, or 59% of the total, versus 864 homes undergoing rehabilitation. Original Story: Jornal de Negócios - Ana Batalha Oliveira Adaptation/Translation: Richard D. K. Turner  
 
Park Avenue Real Estate Development to Open in Porto
21 September 2019 – ODD - Real Estate Development Ltd, a company associated with the ACA Group, will build the “Park Avenue” residential development in Porto, in front of the City Park. The new development will consist of 24 one to four-bedroom apartments, with areas ranging from 59 to 418 square meters. Prices start at €260,000 and go up to 2.5 million euros. The five-floor building will be completed by the end of 2021. Every flat will have allocated parking on two underground floors. Original Story: Jornal de Negócios - Rui Neves Adaptation/Translation: Richard D. K. Turner
 
Civilria Builds New Tourist Flats in Aveiro in a €5-million Investment
21 September 2019 – Civilria has renovated the Avenida 60 building, located at Av. Lourenço Peixinho, in the centre of Aveiro, in an approximately €5-million investment. The new short-term housing development, managed by Civilria’s subsidiary INN Apartments, consists of 40 flats. The homes mainly consist of one-bedroom flats, along with five studios. Avenida 60 faces the Ria canal and Forum Aveiro shopping centre. Original Story: Idealista Adaptation/Translation: Richard D. K. Turner