All Market News: Spanish Real Estate Intelligence

Developers Cite Municipal Licensing as a Barrier to New Investment
21 February 2020 According to the Portuguese Property Investment Survey, a cumbersome municipal licensing process and increased construction costs are helping to limit the supply of new residential construction projects. Other factors include developers’ concerns about possible trends in future demand and prices. The survey revealed that 95% of the respondents saw the licensing process as the factor that most inhibits new construction projects. Eighty-four percent of the developers noted worries with increased construction costs. At the same time, almost three-quarters of developers expect prices and sales to stabilize over the coming three months, while the rest potential increases or decreases. Nevertheless, 79% of the respondents stated that they are actively planning new investments, while 55% stated that they are looking to acquire land to launch new developments. Original Story: Diário Imobiliário Translation/Summary: Richard D. Turner
Urbania Looks to Acquire Land in Lisbon for Build-to-Rent Project
20 February 2020 The Spanish real estate development firm Urbania International is said to be negotiating its first build-to-rent investment project in Lisbon. The developer is looking to acquire a plot of land in Portugal’s capital for the development. Urbania is based in Spain and primarily operates in the Spanish and Brazilian markets, with offices in Malaga, Madrid, Barcelona, Ibiza, and Fortaleza. The firm also has investments in the student housing market through its subsidiary, Syllabus. Original Story: Diário Imobiliário - Frederico Abecassis Translation/Summary: Richard D. Turner
Coldwell Banker Portugal’s CEO Talks of “Smart Homes for Smart Cities”
20 February 2020 In a recent article in the Jornal Económico, the CEO of Coldwell Banker Portugal, Frederico Abecassis, wrote of the need to fully digitalize the real estate sector to help with decarbonization. The executive emphasized his belief that the sector will focus on reducing its carbon footprint this year and referred to the increasing interest in Smart Homes. The concept of Smart Homes is rooted in updated construction techniques and materials and modern automation systems. The latter can include the programmed, automated control of heating, lighting, electrical, and security systems. Smart Cities also take advantage of the Internet of Things (IoT) to use data to monitor and manage traffic and transportation systems, power plants, utilities, water supply networks, waste management, policing, data networks, schools, libraries, hospitals, and other public services. Mr. Abecassis addressed the need for modular, higher apartment blocks to better take advantage of limited urban spaces. The higher buildings would also free up space for parks, gardens, and playing fields. At the same time, the concurrent automatization of real estate sales and rentals is a key to the sector’s efforts to modernize and reduce its carbon footprint. The CEO of Coldwell Banker Portugal has hopes that the recent introduction of SIGIs in the country will attract sufficient international capital to leverage the needed changes. Original Story: Jornal Económico - Frederico Abecassis Translation/Summary: Richard D. Turner