Bank house appraisal reaches a new record in March.

The bank appraisal of houses has reached a new peak, reaching 1,580 euros per square meter, reflecting the continuous increase in real estate market values. The amount by which banks assess residences when granting loans for property purchases rose in March for the fourth consecutive month. The increase was 20 euros, thus reaching a total of 1,580 euros per square meter, a new record since the National...

Drop in spot intrest rates in 2024 affects housing credit in Portugal

Families are buying more expensive houses and asking banks for more money, reveals a report by idealista/créditohabitação. The demand for housing credit in Portugal has been shaped by the context of high interest rates and low purchasing power experienced in the last year. Families have been buying houses at lower prices and asking for smaller loan amounts. But at the start of 2024 this trend was...

Interest on housing credit falls for the first time in two years to 4.641%

House payments also decreased in February 2024. In new contracts, interest rates decreased for the 4th time. Interest on new housing loans has been falling for four consecutive months, having stood at 4.197% in February. Now, it is observed that the recent (slight) drops in Euribor and the more accessible mixed rates are also having an effect on the interest rates implicit in the total number of...

“Maintaining high interest rates can represent a great risk”, warns IMF

Central banks have significantly raised interest rates over the past two years to combat post-pandemic inflation. But why are some countries feeling the impact of higher rates and others not? The answer lies, in part, in the differences in the characteristics of the mortgage and real estate markets, according to the International Monetary Fund (IMF). And therefore, he argues, "continuing to tighten or...

3D printed houses arrive in Portugal with prices starting at 150 thousand euros

Located in the North, Havelar wants to build affordable and efficient homes quickly. And it's ready to enter the market. Access to housing is one of the biggest issues of our day. And building sustainable homes with reduced carbon emissions is a challenge imposed by the European Union, which will greatly impact construction and real estate in Portugal. To provide answers to these two questions, there...

These 3D printed houses are made from 150,000 plastic bottles

Research and development in 3D printing is reaching levels of great perfection and realism for the creation of practically any everyday object. The first thing that comes to mind is toys, but the reality is that 3D printing is used in many sectors, including automotive or housing. Add sustainability and recycling to this, and we find a perfect combination in the company Azure Printed Homes, which is...

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