The real estate consultant ended 2016 with a positive balance. Worx reinforced One Stop Advisor strategy.
In the investment market, Portugal has affirmed itself as very competitive with other European reference markets, with a portfolio of good opportunities.
Worx has advised on various operations in the market, both from the point of view of operational evaluation and investment advice. Throughout 2016, we continued with a set of instructions from national and international institutional players. Of note is the alliance with BNP Paribas Real Estate.
The Hospitality Department was also responsible for the sale of the Hotel GAT, and was one of the reference businesses registered in 2016.
The balance of the appraisal department supports the good performance of Worx, in the sense that approximately 6000 assets were evaluated, with the current market value exceeding 2,000 million euros. The tourist assets represented a market value corresponding to 39% of the total evaluated in Portugal.
The consultancy, which remains among the leading companies, was also involved in some of the biggest transactions of the year, through its agency department, namely in the placement of Manpower, Hiscox, Teleperformance, Nokia, EDP, among others.
The Department of Architecture was responsible for the offices of some multinationals, such as Hiscox, Bold International and Atlascop Co, emphasizing the One Stop Advisor strategy - the synergies between the various departments in a multidisciplinary, transversal, systematised, integrated fashion to offer a turnkey service in all phases of the real-estate investment cycle.
However, the consultant argues that the entry in 2017 should be done with caution, although it does not exclude the possibility of growth. Pedro Rutkowski, CEO of the consulting firm, argues that "the evolution of the market and its economic indicators may not be what is expected due to the influence of several external factors that affect its progression. Thus, it is indeed necessary to make a careful analysis, but to maintain positivism. "
Worx emphasizes the importance of urban rehabilitation in market development "the flexibility of the new municipal master plans, some innovations related to the prior control of urban operations and a greater knowledge of the real estate market by foreign investors, Contributed to the rehabilitation of most of the quality properties available in the main arteries of the city; It is now necessary to extend the positive results achieved also to the buildings in the city center which have not yet reached a commercial status as appealing as possible, within a framework of greater rationalization of risks. "
Pedro Rutkowski further adds that "the market can continue to record positive developments, but to do so it needs to engage in a pure promotion strategy in order to create all market conditions in order to respond effectively to current market requirements. demand."
Despite the small size of the Portuguese market, compared to other European markets, the availability of assets and the favorable risk / return profile are some of its major attractiveness factors. It is important that assets continue to be identified and repositioned and valued in accordance with the new positioning sought and this is transversal to all market segments.
Ultimately, the CEO of Worx believes that "there is a trigger for a beneficial cycle in the real estate sector, which will continue to build on the investment and return opportunities that the Portuguese market continues to offer and which currently benefit from the short-term problems facing other European markets , In the case of the United Kingdom, Germany and France, markets where the most significant drops in transaction volumes were recorded over the course of 2016. "