PERCEPTION, EVALUATION, DECISION by Mário G. José - Executive Director
PERCEPTION, EVALUATION, DECISION by Mário G. José - Executive Director
With another year rapidly underway, in 2022 we are witnessing a consolidation of demand for property investment in Portugal's main inland capitals, with an exponential increase in demand in many of these regions for both owner-occupied housing and secondary residences, exceeding 200% in terms of requests/demand when compared to 2020 and the first half of 2021.
The pandemic has accelerated a different decision structure compared to recent years, whose concern resided in a proximity to workplaces, school facilities or other leisure structures. Today, this concern is guided by the need for space, not only indoor comfort but especially outdoor freedom, coupled with a new mindset about the methods of carrying out professional activities in which the home has become partly the workplace, the office. This vicissitude has led to a greater need for contact with nature, with large green spaces, to the detriment of almost daily physical contact with people who are not primary to the family. We then witnessed the increase of the phenomenon of demand for housing variables that give greater preponderance to the self, aligned with family well-being, away from the hustle and bustle of the coastal city in favor of the quality of life that the interior makes possible.
In the present decade, we will certainly continue to witness an average increase in global construction costs, with occasional not significant slowdowns in a long-term stabilization, given that national and international demand will continue to guide the high scarcity in supply.
When we look at the previous decade (2011 - 2021), we can see that the growth was centered in approximately 4 years (2015 - 2019), with the sovereign crisis and the pandemic crisis dictating a different behavior from the one we may see in the post-pandemic scenario over the next decade, where Portugal is placed as an attractive hub for attracting projects, companies and new foreign residents of 1st residence to the detriment of other countries more expensive in their cost of living and less appealing to a less eco-friendly lifestyle.
These factors will inevitably lead to an increase in the population inland, so it will be up to the local authorities and parishes, above any other entity, to project infrastructure and equipment, attract resources, public and private entities that enable the settlement of generations.
We argue that the withdrawal of Gold Visas in major metropolitan and coastal areas is a strategic error in terms of the country's competitiveness, and that the adoption of solutions, including new minimum ceilings per region, would allow a sustained growth of the entire country, not removing the focus from what we advocate as the largest slice of this growth, the interior.
Due to its strong bet already in 2018 on premium alternatives in the Countryside, Amazing Places, with 4 years of positive results, with a positive standard deviation in relation to the sector, especially during the pandemic period, is positioned as a Key-Player in this reality, through the consulting products/services it has been developing both in the coast and in the countryside, with a high technical know-how, as well as through a wide range of net-working and solutions that enable us to efficiently and effectively manage the aspects and variables of each decision...
...Yours
Due to its strong bet already in 2018 on premium alternatives in the Countryside, Amazing Places, with 4 years of positive results, with a positive standard deviation in relation to the sector, especially during the pandemic period, is positioned as a Key-Player in this reality, through the consulting products/services it has been developing both in the coast and in the countryside, with a high technical know-how, as well as through a wide range of net-working and solutions that enable us to efficiently and effectively manage the aspects and variables of each decision...
...Yours
Due to its strong bet already in 2018 on premium alternatives in the Countryside, Amazing Places, with 4 years of positive results, with a positive standard deviation in relation to the sector, especially during the pandemic period, is positioned as a Key-Player in this reality, through the consulting products/services it has been developing both in the coast and in the countryside, with a high technical know-how, as well as through a wide range of net-working and solutions that enable us to efficiently and effectively manage the aspects and variables of each decision...
...Yours
