Life is beautiful!
Maria do Céu Quintas
What increases your property’s value?
Agnieszka Kijonka
Concerning the future of the real estate sector
António Rebelo de Sousa
Economist
It has been said and said
again that the Tradable Goods Sector represents the future of economies
committed to economic and social progress. With many solid arguments, while in
some cases running the risk of some analytical simplification.
The real estate area is, of
course, associated with the Non-Tradable Goods Sector or, if you like, with the
Domestic Economy Sector, which leads some analysts to conclude, in a somewhat
reductive manner, its long term condemnation.
However, without entering into
a more in-depth analysis, as, incidentally, would be desirable – but which the
limitations of time and space advise against –, an important part of modern
business has already understood that it is necessary to associate real estate construction
with the provision of services.
Nowadays it is not enough to
build a condominium of apartments of undeniable quality: you also have to ensure
the good management of this same condominium, to ensure a great diversity of
services to the home – that can range from repair activities, to cleaning, restaurants,
rental guarantees, if necessary, or insurance and energy management itself –
and, at the same time, focus on tourism.
Creating a network of services
that satisfies the customer who buys the apartment or the house within a given development
is just as important as good construction.
And success in an evolution
with these characteristics may allow, even if gradually, the conversion of the
construction area into an activity within the Tradable Goods Sector.
Without creativity, there will
also be no indispensable adaptability of an important sector to the challenges
of the future.
Excessive optimism?
I don’t think so.
This is the purest of realism.
Nothing
more, nothing less...