PremiumJoão Duque: "Demand should be more focused on long-term leases"

Economists believe that if housing prices and rents adjust, the market could “get excited”. Teleworking can lead companies to free up space for housing leases.

The residential rental market is seen as the real bet of the real estate sector for the economic recovery of the market due to the coronavirus pandemic. “Demand should be more directed towards long-term leases”, says economist João Duque to Jornal Económico (JE).

The full professor at the Higher Institute of Economics and Management (ISEG) at the University of Lisbon, however, is concerned with the partners with whom the Government “walks to pass the State Budget and who are completely against evictions”. In this sense, the problem may lie in how “the offer sees the possibility of offering goods to the real estate market with an enormous risk of later defaulting”.

Content reserved for subscribers. To read the full version, go to here to the JE Reader

Recommended

Foreigners responsible for 80% of the demand for houses in Comporta

International investors drive luxury real estate at Comporta. Demand is expected to increase next year with the resumption of tourism from the second quarter of 2021, estimates Engel & Völkers.

Endutex invests 6,3 million euros in the new Moov Oeiras hotel

In a first phase, the project of the Portuguese group will create ten jobs, to which eight more will be added “when the conditions for the resumption of tourism are met”.

Investment markets and offices grow in Porto despite the pandemic

The Porto real estate market thus proves its resilience in the face of the negative shock that constitutes Covid-19, points out the most recent JLL study, maintaining the growth trajectory that transited last year.
Comments