Recent changes in Regime de Arrendamento Urbano (the legal framework for urban leases), approved in Council of Ministers on 29 December 2011 and promulgated by the President of the Republic on 31 July 2012, aim to boost the lettings market, through greater flexibility and legal stability, and also to revive urban renewal.
These alterations in urban leases boosted the lettings market growth potential and should drive to a gradual decrease of old leases. In this context, we consider our market expertise to be an added value both in terms of characterizing the property market (in supply and demand points of views) and in terms of helping set a rental review rate and establishing the market rental value better adjusted to each specific case.
Prime Yield joined forces with property portal Casa Sapo in order to help landlords and tenants to gather reliable market information about a rental value suitable to specific property conditions. Together, the companies provide an innovative service available in two different lines:
- Advisement about a market rental value, considering data sent by the client. This estimate is based in market comparables achieved by Prime Yield in the course of its property valuation activity and by data gathered by Casa Sapo, regarding its activity of showcasing property for sale or lease. This combined information generates a report without visiting the property, but including an analysis of the property registry certificate.
- Advisement about a market rental value, considering data sent by the client. This estimate is based in a market comparable achieved by Prime Yield in the course of its property valuation activity and by data gathered by Casa Sapo, regarding its activity of showcasing property for sale or lease. This combined information generates a report that includes visiting the property.
If you have any queries, please contact us in our lease support line, available in +351 217 902 540.
