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Metro do Porto
New bridge between Porto and Gaia (next door to Riverside) will cost 50 million
Vai ligar o Campo Alegre ao Arrábida Shopping. Concurso público internacional será lançado e vai nascer a Linha Rosa do Metro do Porto e a Amarela será aumentada.
It will connect Campo Alegre to Arrábida Shopping. International public tender will be launched and the Pink Line of the Porto Metro will be born and the Yellow Line will be increased.
The public tender for the design of a new bridge over the Douro River, which will enable the so-called “second line” of Vila Nova de Gaia metro, launched this Tuesday, in Porto, with the presence of the Prime Minister.
At issue is the launch of the international public tender for the design of the new bridge, exclusively for the metro, and the opening of a contest of ideas for the project, whose jury is composed of 11 elements that will be revealed this Tuesday, as stated in the invitation sent to the press by the guardianship. According to TSF, Eduardo Souto de Moura, Alexandre Alves Costa, Inês Lobo and professor Rui Calçada are part of the jury.
The new crossing to connect Porto and Gaia by metro should be between the bridges of Arrábida and Luís I and will serve a new line from Vila Nova de Gaia, between Santo Ovídio and Casa da Música, in Porto. The bridge should connect Campo Alegre, in Porto, to Arrábida Shopping, in Gaia, details the TSF.
In addition to the Prime Minister, António Costa, the presentation also includes the presence of the Minister for the Environment and Climate Action, João Pedro Matos Fernandes, and the Secretary of State for Mobility, Eduardo Pinheiro.
The Government estimates to spend around 50 million euros on the project, financed by the Recovery and Resilience Plan. To TSF, Matos Fernandes said that the Government is “in a hurry to make these investments so that the economy can recover after the pandemic”. However, “there are things we cannot do quickly and one of them is a bridge over the Douro River, between two terrains in Porto and Gaia, 500 meters to the source of Edgar Cardoso’s greatest work, which is the Ponte da Arrábida, and the west of the Luis I Bridge, which is a bridge from the Eiffel school. It has to be a very careful project ”.
Faced with an “extraordinary technical challenge”, the Minister of Environment wants to “attract the best bridge designers in the world” for this competition, with a project delivery deadline of four months.
Increased Yellow Line
This Tuesday’s event also includes the contract for the construction of the Pink Line and the extension of the Yellow Line of Metro do Porto.
As far as the Yellow Line, the extension of Santo Ovídio to Vila d’Este, in Gaia, is at stake, while the Pink Line consists on a new route in Porto between the area of S. Bento / Praça da Liberdade and Casa da Música.
About the contract in Vila Nova de Gaia, the mayor, Eduardo Vítor Rodrigues, revealed on Monday, on the sidelines of a town hall meeting, that “the construction of the shipyards starts this week”, one of which will be near the Hospital de Gaia, near the Vila d’Este roundabout, with a second scheduled for Santo Ovídio, next to the local tennis court.
This Tuesday’s ceremony will take place in the Gardens of the Palácio de Cristal, starting at 11 am, and will be “restricted”, being “reduced to two representatives from each municipality”, said the Mayor of Vila Nova de Gaia, referring to to its municipality and to Porto, cities that are on the opposite banks of the Douro River.
In January it was announced that the Court of Auditors (TdC) gave the green light to the works for the construction of the Pink Line and the extension of the Yellow Line to Vila d’Este. The TdC visa was given to the contracts signed, in November 2020, between Metro do Porto and the Ferrovial / ACA consortium, for a global amount of 288 million euros. Of this amount, 189 million goes to the Rosa Line, in Porto, and 98.9 million goes to the extension of the Yellow Line, between Santo Ovídio and Vila d’Este.
“The global investment in the two projects is around 407 million euros – including expropriations, projects, inspection, equipment and systems to support exploration,” Metro do Porto told Lusa on 3 March.
The new Pink Line
The new Pink Line (circular) will integrate four stations and about three kilometers of track.
This connection, between the S. Bento / Praça da Liberdade area and the Casa da Música, passes through the Santo António Hospital, Rosa Mota Pavilion, Maternal and Child Center, Galicia Square and the Campo Alegre university center.
The extension of the Yellow Line between Santo Ovídio and the residential area of Vila d’Este will allow the construction of a section with three stations and about three kilometers, passing through the Production Center of RTP and the Hospital de Santos Silva.
Currently, the network is 67 kilometers long, with six lines serving seven municipalities and 82 stations, handling more than 71 million customers annually (figure reported in 2019, the last financial year before the pandemic).
Is it better to buy or rent property in Portugal in 2021?
Pros and cons of buying and renting property during the latest coronavirus wave in Portugal in 2021.
Whether you live in Portugal and want to move house, or whether you’re planning on moving to Portugal, many people will be asking the same question. Is it better to buy or rent property in Portugal in 2021? Is borrowing money from the bank to buy a house the best option during a pandemic? Or does the possibility of being a tenant instead of a property owner bring more advantages in 2021? With the help of DECO, the Portuguese Association for Consumer Protection, we’re here to help you answer all of these questions and guide you through this difficult decision making process.
Whether to buy or rent property in Portugal in 2021 is a doubt that is increasingly common due to the uncertainty of the current climate, both amongst national and international buyers in Portugal. People are hesitant about getting into mortgage debt and many people are opting to rent in spite of worries that in the long term, this may mean losing money, while others are taking advantage of low interest rates and think that now is the right time to take out a mortgage.
Historically, and according to official statistics quoted by DECO, the great majority of residents in Portugal generally prefer to buy a house instead of renting. However, various factors have contributed to some cooling off when it comes to taking out a mortgage in Portugal during the years of economic and financial crisis that have been experienced since 2008, a situation which has worsened since 2020 with the pandemic that has led to new cuts in Portuguese income.
The experts at DECO advise those currently looking to buy or rent property in Portugal to consider a number of factors as decisions made now could have repercussions for many years. Contracting a mortgage loan today, for example, usually represents a relationship of often at least 30 or 40 years.
This is one of the reasons that has led consumers in Portugal to favour the option of renting. In this case, for example, tenants would not have to pay the taxes associated with the property, nor are they responsable for maintenance or condominium expenses. On the the other hand, renters will have to manage the end of the lease term and be subject to annual changes in rent in accordance with the updating coefficients and inflation.
By choosing to buy a property in Portugal, you will be accumulating valuable assets for your retirement and to leave to your children, for example, but you will have to pay more taxes, such as IMI property tax, or bear maintenance or condominium expenses. Remember that if you do choose to buy, you will still have to be able to afford a down payment or deposit and you will be tied to a mortgage for a long period of time. Whatever you choose, make sure to do your sums carefully and find the best solution for your situation.
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Where are most residential properties for sale in Portugal, and where are people buying the most?
An idealista analysis shows the effects of the pandemic on demand and supply in the residential real estate market across Portugal.
The property market, like many other economic sectors, is feeling the effects of COVID-19 in Portugal. But how are supply and demand levels coping in Portugal when it comes to housing? Last year in 2020, demand for residential property registered an average rise of 62.3% and stock showed a small growth of 13.6% nationally, according to data collected by idealista, analysing the variation between January and December 2020. But where are most residential properties for sale in Portugal, and where are people buying the most?
Property supply and demand in Portuguese districts
The top 5 districts in Portugal where the variation in demand is higher than the national average include Castelo Branco (106.3%), Braga (85.7%), Porto (83.3%), Guarda (69.3%) and Lisbon (69.0%). These figures are above the national average demand of 62.3%.
The variation in demand is lower in the districts of Faro (36.7%), Coimbra (35.9%), Madeira Island (31.1%), Vila Real (24.9%) and Viseu (23.6%), which are below 40%. The district of Bragança, is the region that presents the lowest variation in demand (3.4%).
As for the properties on offer in the market, so-called ‘stock’ or ‘supply’, during this year marked by the pandemic, the district of Viana do Castelo is the district that shows the greatest variation (28.4%). This is followed by Braga (23.6%), Porto (20.6%) and Madeira Island (20.1%), all of which are above 20%.
On the contrary, there were 6 districts that saw their property stock for sale fall over the last year, namely Guarda (-18.4%), Portalegre (-9.9%), Leiria (-5.2%), Beja (-4.2%), Santarém (-3.1%) and Évora (-0.3%).
Performance of Portuguese cities
Analysing the variation in demand by city, Castelo Branco is the only city where demand doubled (118.7%). Next on the list are Porto (87.6%), Lisbon (78.6%), Faro (73.9%), Braga (72.2%) and Leiria (71.8%). All of them show an increase in demand for residential property above 70%.
During 2020, Castelo Branco (district and city) stands out as the only area where interest doubled in 12 months, in spite of the pandemic.
With regard to demand, it can be concluded that it was less than 40% in 2020 in the cities of Santarém (37.4%), Vila Real (35.8%), Beja (28%), Funchal (27.9%), Viseu (26.3%), Bragança (25.7%) and the city of Guarda stands out as the only location where demand fell (-16.4%), from January to December 2020.
The city of Guarda also stands out for being the location where real estate supply saw the sharpest fall (-45.6%). The cities of Portalegre (-26.9%), Beja (-21.4%), Santarém (-14.9%) and Évora (-0.7%) also showed a reduction in the number of properties on offer in the residential sales market in 2020.
The variation in supply is higher in the cities of Aveiro (36.9%), Viana do Castelo (33.9%), Porto (33%), Funchal (27%), Vila Real (22.9%) and Lisbon (21%).
The impact of teleworking on the residential market in Portugal
“We observe several cities outside the capital with significant increases in demand for residential property for sale. It is considered that teleworking or remote working in Portugal has forced people consider their life choices in order to have a better quality of life, with bigger houses and leisure spaces, namely gardens”, concludes the idealista/data team in Portugal, stressing that “the cities or districts with the biggest variation in demand, doesn’t mean directly that they present the biggest or the smallest amount of real estate stock”.
An example of this is the case of Castelo Branco (district), with a variation of 106.3% in demand and an accumulated stock variation of 8.8%. In Porto (district), there was a variation of 85.7% in demand and 23.6% in supply.
For the purpose of this study, the variation in the level of demand was analysed, calculated through effective contacts to the property listings published on idealista, and the number of properties on offer in the residential sales market between January 2020 and December 2020.
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The year 2020 proved to be one of the most challenging ever, the result of a pandemic, as there was no memory, that practically stopped the country. Thousands of Portuguese saw their income affected, lost family and friends in the fight against an invisible virus, distanced themselves from those they love most in the hope of protecting them and embracing again and several companies were forced to close doors and dismiss employees … However, many resisted. In this article, we highlight three that continued to grow in times of a pandemic and made adversity opportunities.
The examples are clear and are right here on our “side”, with these three companies headquartered in the district of Porto. We are talking about the Fortera Group, which operates in the luxury real estate business and which, in the last four years, has concluded nine projects in Porto, in Gaia and Espinho, the KuantoKusta online sales platform and the logistics and transport group Rangel.
LIVE! he was talking to the CEOs of the three companies and now reveals all the details. They are real testimonies of companies, which managed to keep their businesses active, possibly firmer than ever, and to prosper even at a time that had everything to be “a failure”. The difference may be in the resilient spirit with which each faced the pandemic and seized the opportunities that arose from there. They are considered the “miracles of the pandemic” and show that, after all, 2020 also had some good things…
O KuantoKusta, por exemplo, superou 100 milhões de euros durante a Black Friday e encaminhou mais 1,25 milhões de encomendas durante a época promocional, batendo, assim, um recorde histórico, em parte suportado pelo crescimento de 800% de encomendas processadas no seu marketplace em comparação com o ano de 2019. Por sua vez, o grupo Rangel, com presença direta em sete países, iniciou operações no México e na África do Sul e tornou-se responsável pela logística da distribuição das vacinas contra a covid-19 em Portugal.
With regard to the investment by the Fortera group in the last year, which essentially focused on the acquisition in Vila Nova de Gaia, Braga and Espinho, it amounts to a value very close to 180 million. The two major areas in which the brand operates, it should be noted, are essentially centered on the acquisition of real estate for construction from scratch or the rehabilitation of spaces for hotel or residential purposes. In Gaia, for example, Fortera will give birth to the Skyline, an ecosystem that, according to Elad Dror, the group’s CEO, “will change the county forever” and that included a new congress center with a capacity of 2,500 seats, a 340-foot tower rooms, parking for 600 vehicles and more than 30 thousand square meters of services.
Among the main difficulties experienced by Fortera during the pandemic is “the delay in the construction and consequent delivery of the units”, the “impossibility of investors and partners to visit Portugal at this time” and “delays in planning and issues of the municipalities”, revealed the official of the company, founded in 2015. In the transport sector, Nuno Rangel considers that the greatest adversities were related to “the complex logistics operations”. “It was the case with the many transports that we made of air cargo from China, since it was the only way to remove the necessary and urgent goods from that country. We even had to charter eight freighters and planes, as is the case with Antonov 124, one of the largest planes in the world ”, he revealed. In addition to keeping deliveries on the move, Rangel also mobilized “dynamic contingency plans”,in order to “manage and mitigate supply chain disruption”.
“ From the moment the first alert state was declared, in March, there was an exponential increase in the logistical activity of medicines and related health products”, he revealed, adding that this increase represented a “doubling in the number of units shipped during the months of March and April ”.
What about the purchase of products? What, after all, were the products most sought after by the Portuguese during the pandemic? Sara Sá, from KuantoKusta marketing, revealed that before the beginning of the first state of emergency and right after it was decreed, there was a “race for masks and disinfection material”. “The increase in demand, from February 24th to March 1st, 2020, for example, in masks was around 2000%, in alcohol and similar products it reached 7000%”, having again had a “growth sudden ”when the state of emergency was declared.
With the beginning of mandatory teleworking, laptops, printers and peripherals were the products with the greatest increase in research. “In the case of printers, 186% increase”, he said, stressing that “all categories of the website benefited from the confinement”, having seen a “considerable increase in online purchases, especially from new users.
At the beginning of the second phase of distance learning, enacted in this general confinement, there was once again, similarly to what had already happened in March, an “unrestrained demand and stock rupture” in products related to the IT area, such as laptops and printers.
Discover, in detail, the responses of the representatives of the companies and get to know the main plans of the three giants for the post-pandemic period.
Elad Dror, CEO Grupo Fortera
What was the group’s main investment during the pandemic?
They are all big and important to us and the cities. In Gaia, with the Skyline project we have more than 300 apartments, and we will start AZUL, with 64 units, later this year.
In Espinho, our enterprise project will create a mega move to the south of the city – 130 jobs during the construction and another 150 after completion – and will allow the municipality to recover population, work and leisure. And, in Braga, we have the rehabilitation of Convento do Carmo, which becomes particularly important, especially now that Braga was elected the best European destination to visit in 2021.
What will the Skyline represent for the city of Vila Nova de Gaia, in particular, for the North and for the country?
It is a new center of Gaia, an ecosystem that will change the municipality forever. The congress center, the hotel, commerce and offices, all around a beautiful square that will be a point of interest not only for the people who stay and work there, but for all citizens of Gaia and all tourists.
This project puts Gaia in the spotlight and gives it recognition for a modern city with cutting edge architecture and landscapes of the 21st century.
What is the current status of the project?
We are working on the design of the congress center, the hotel and the square. The pandemic has slowed everything down, but we are 100% committed to the project. Eventually we can change some elements to adapt to the new reality, but the general concept remains.
What plans do you make for the post-pandemic period?
The new needs to live, work and travel. And we will demonstrate this in all of our projects.
What are the main investments planned for the future?
We have more than 200,000 m2 in pipeline, for sure we will be busy. But we have many big surprises for the country with new concepts and a business vision, mainly in trade, which can impact many jobs and workplaces that will be essential for the future to come. We hope to help with that and continue to bring investment and innovation.
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Archaeological remains found near Castelo de Gaia
Archaeological remains have been found near the Castle of Gaia, which is thought to be the remains of a paleo-Christian basilica dating from the 4th to the 9th centuries.
On the ground there were remains of epigraphs, sundials, altar pillars and remains of a marble gate.
Therefore, it is intended to rescue the findings so that they can be displayed by the patrimonial and didactic value that they have, being an active part of the county’s history.
Fortera’s objective is always “to integrate itself in the places, trying not only to contribute to the construction, but also to contribute to the communities, in this case a discovery that is part of the history of Gaia, and to try to combine what may be the future of Gaia with its past ”says architect Hélder Agostinho.
This land is where the Riverside project is projected.