Market Snapshot Real Estate LISBOA, PORTUGAL 1St Half 2018 Disclaimer

Total Page:16

File Type:pdf, Size:1020Kb

Market Snapshot Real Estate LISBOA, PORTUGAL 1St Half 2018 Disclaimer Market Snapshot Real Estate LISBOA, PORTUGAL 1st Half 2018 Disclaimer Nomera Capital® is a registered trademark. The information contained in this document may be reproduced, provided that the source "Nomera Capital" is mentioned. This document was prepared with data from Confidencial Imobiliário. Nomera Capital® is a proud partner of Confidencial Imobiliário, the most complete real estate information database in Portugal. Nomera Capital® has made a major effort to prepare this document. However, Nomera Capital can’t be liable for any errors or omissions in its content. The information contained in this document is provided without warranty of integrity, accuracy or utility. CONTENTS OUR PERSPECTIVE SUMMARY PRICE STATISTICS PRICE EVOLUTION LEASE YIELDS FEATURED LISTINGS ABOUT US CONTENTS OUR PERSPECTIVE SUMMARY PRICE STATISTICS PRICE EVOLUTION LEASE YIELDS PROPRIEDADES EM DESTAQUE A NOMERA CAPITAL LISBON IS NOT PORTUGUESE, IT IS OF THE Prices per sqm in some selected European cities Braga, Portugal 1,098 € WORLD Sofia, Bulgaria 1,376 € Sofia, Bulgaria 1,376 € The economic globalisation of the last decades has changed Coimbra, Portugal 1,842 € the competitive paradigm of large cities, to play a more Malta, Malta 2,250 € important role than their own countries. Today, Lisbon is a Zagreb, Croatia 2,300 € Budapest, Hungary 2,395 € global city which competes with other large cities in the Porto, Portugal 2,550 € global sphere, becoming – however much it costs us - less Glasgow, United Kingdom 2,606 € Portuguese, more European, more worldwide. Manchester, United Kingdom 2,688 € Warsaw, Poland 2,793 € This movement began with the globalisation of goods and Athens, Greece 2,846 € services. For many years since, it has no longer made sense Bratislava, Slovakia 2,854 € Marseille, France 3,063 € to travel abroad to shop, as the same shops which one can Brussels, Belgium 3,129 € find in London or Paris can also be found in Lisbon (of course Ljubljana, Slovenia 3,330 € there are some differences, but this is just to illustrate the Prague, Czech Republic 3,831 € Lisbon, Portugal 3,985 € idea). Multinational services also have established a physical Moscow, Russia 4,046 € presence in all the large global cities. Madrid, Spain 4,444 € Lyon, France 4,496 € Presently, we see the globalised movement or relocation of Barcelona, Spain 4,700 € people, as we would want. The European Union created the Berlin, Germany 5,228 € Copenhagen, Denmark 5,844 € free movement of people and goods, but this was delayed Dublin, Ireland 5,953 € OUR PERSPECTIVE until European citizens took advantage of internal Frankfurt, Germany 6,583 € movement, such as the possibility of studying in another city, Amsterdam, Netherlands 6,676 € working for some years abroad, or even taking advantage to Stockholm, Sweden 6,991 € Oslo, Norway 7,656 € start a business in a new destination where talent abounds, Milan, Italy 8,439 € and with a cheaper and better climate. For a long time, we Munich, Germany 9,824 € were bound by physical constraints – a thing that makes little Vienna, Austria 11,559 € sense today. Zurich, Switzerland 12,602 € Paris, France 12,796 € London, United Kingdom 14,831 € Source: Global €Property- €2,000.00 Guide€4,000.00 | €6,000.00 Analysis:€8,000.00 Nomera€10,000.00 Capital€12,000.00 €14,000.00 €16,000.00 Lisbon is currently playing this chess game, and competes We can no longer think of a reality dominated by Portuguese (and collaborates) with other global cities like Madrid, couples who buy houses to live in the city centre, because, Barcelona, Berlin, Paris, Milan, London, Amsterdam, Prague, whether one accepts it or not, that is no longer the reality, Vienna, Copenhagen, Stockholm, etc… Competing at the and most likely will never be again. level of attraction of start-ups, with its world-quality hubs, of students, for its excellent Business Schools, of conferences The present reality is that of investment funds buying assets benefitting from excellent infrastructure and hoteling for rehabilitation and for transformation into hotels, offices capacity, of tourism which gets high-end cuisine at and residences of premium quality, to sell to sophisticated reasonable prices, excellent festivals with top level artistes, a clients, who in turn evaluate whether to invest in a property cosy city with nice people, excellent atmosphere, and of for rent in Lisbon, Barcelona or Amsterdam. They are the course, competing at the level of real estate investment. foreign clients who want to buy a house in Europe and look out for prohibitive prices in Paris, London or Milan, and get The effect of this is transforming the city centre of Lisbon in Lisbon a premium quality apartment for a fraction of the into a place where foreigners are more and Portuguese price while being just a 2 hour and 30-minute flight distance people are fewer, where one hears more English and other from these cities with direct flights every one hour. They are foreign languages than Portuguese. This phenomenon the small-time investors from countries in fragile politico- already exists in other global cities, perhaps delayed in economical situations, like Turkey, Brazil, South Africa some reaching Lisbon. Asian countries, etc. who want to have a plan B in Europe, where they could go to in case things get out of control, Independently of whichever value judgment one makes while benefiting from the Golden Visa programme. They are about this situation - and it is not our mission to do that here the retirees from the north of Europe, who have discovered OUR PERSPECTIVE – this is the reality to which we must adapt and define the the advantage of living in a nicer climate, with excellent best strategies to help our clients get the best results. service offerings for health, top cuisine and recreation, and In light of this new framework, when we analyse the increasing the liquidity of their retirement thanks to the Non evolution of real estate prices in the centre of Lisbon, we Habitual Resident programme. have to analyse them in comparison to other global cities, and not relative to the “Portuguese” Lisbon of the past and the reality of the country. Lease yields continue to support market Capital and Lease Returns valuations… 30.8% When we analyse the return rates on residential real estate in 15.8% this present decade, it confirms that lease yields have 12.7% 26.0% 14.5% gradually decreased from year to year, very close to 5%, 10.9% 11.7% 10.6% while the capital gains (property valuation) have greatly 5.6% 6.7% 7.6% 9.9% increased since 2013, reaching the maximum of 30.8% last 5.9% 5.9% 5.2% 5.0% 5.1% 5.2% 4.8% 4.6% year, and already at 14.5% in the first quarter of 2018. 2011 -20127.8% 2013 2014 2015 2016 2017 2T2018 -14.8% With a very sharp capital valuation, the would expect leasing -1.9% yields to decrease at a very fast pace, given that to sustain -8.9% the same level of returns, an income increase proportional to Lease Yield Capital Total capital gains is necessary. This explains why the gap between the supply and the demand at the level of leasing is still greater than that of the sales market. Effective Return Discounting Euribor-12 When we discount the 12-month Euribor to the yields of 5.2% 4.8% 4.7% 4.6% 4.9% 4.9% 4.8% leasing, it confirms that the returns have remained constant, 3.9% having even been increased from 2011 to 2012. 2.008% 5.9% 5.9% 5.2% 5.2% 5.1% 1.108% 5.0% 4.8% OUR PERSPECTIVE For the market to continue a sustainable growth, it is 4.6% 0.536% 0.475% fundamental that the yields discounted from the Euribor-12 0.168% stay close to 4-5%, in order to sustain the capital appreciation. 2011 2012 2013 2014 2015 2016 2017 2T2018 0.035% 0.145% 0.181% - - According with the analysis of return on investment in the Rendas Euribor-12 Yield - lease market, there are no visible worrying signals (yet) of overheating in the market. Source: Confidencial Imobiliário e www.global-rates.com | Analysis: Nomera Capital …but everything can change with the 1% increase Scenario 1 – Rent Increase, steady in interest rates! property price If up to here there are no visible worrying signs of Ano 1 Ano 2 Valorização overheating, given that the yields of leasing sustain the current valuation, everything can change very quickly, as it is Property Price 420,000.00 € 420,000.00 € 0.0% predictable that the ECB would soon increase interest rates, Interest Rate 0.0% 1.0% similar to what the FED in the USA have just done, which has already impacted real estate. Investor Yield 5.0% 5.0% For us to understand the impact of the change in the cycle of Market Yield 5.0% 6.0% monetary policy, we carried out a simple exercise. To make an example, we will analyse the impact of a 1% increase in Monthly Rent 1,750.00 € 2,100.00 € 20.0% interest rates on an apartment T2 which is valued at €420,000 today. Scenario 2 – Property price decrease, With the current level of interest rate at approximately 0%, steady rent and for a yield of 5% requested by the investor, the implicit value of the rent which supports this yield is €1,750 (annual Ano 1 Ano 2 Valorização yield/building price, that is €1,750 x 12 / €420,000) [As a rule- Property Price 420,000.00 € 350,000.00 € -16.7% of-thumb, to quickly get the implicit income which OUR PERSPECTIVE guarantees a return of 5% just divide the price of the Interest Rate 0.0% 1.0% building by 240 (12/0.05%)].
Recommended publications
  • Returning to Portugal This Document Provides Information and Details of Organisations Which May Be Useful If You Are Facing Removal Or Deportation to Portugal
    Praxis NOMS Electronic Toolkit A resource for the resettlement of Foreign National Prisoners (FNPs) www.tracks.uk.net Passport I want to leave CLICK HERE the UK I do not want to CLICK HERE leave the UK I am unsure about CLICK HERE Returningleaving the to UK Portugal I will be released CLICK HERE into the UK Copyright © Free Vector Maps.com Returning to Portugal This document provides information and details of organisations which may be useful if you are facing removal or deportation to Portugal. While every care is taken to ensure that the information is correct this does not constitute a guarantee that the organisations will provide the services listed. Your Embassy in the UK Embassy of Portugal 11 Belgrave Square, London SW1X 8PP Tel: 020 7235 5331 Fax: 020 7245 1287 Consular Section 3 Portland Place W1B 1HR Tel: 020 7291 3770 Fax: 020 7291 3799 Email: [email protected] www.portuguese-embassy.co.uk Consulate General in Manchester 1 Portland Street, Manchester M1 3BE Tel: 0161 236 0990 Fax: 0161 236 2064 Email: [email protected] Travel documents A valid Portuguese passport or national identity card or a passport or id card which has expired in the last 5 years can be used to remove you from the UK to Portugal. If you do not have those documents then you will need to be interviewed by the Portuguese officials in order to obtain an Emergency Travel Document (ETD); if you are in prison or detention this will be facilitated by the Home Office. Any supporting evidence of identity or nationality such as birth certificates etc.
    [Show full text]
  • Recomposições E Representações Sociais Das Avenidas Novas Numa
    X Congresso Português de Sociologia Na era da “pós-verdade”? Esfera pública, cidadania e qualidade da democracia no Portugal contemporâneo Covilhã, 10 a 12 de julho de 2018 Secção/Área temática / Thematic Section/Area: Territórios: Cidades e Campos Recomposições e representações sociais das Avenidas Novas numa cidade em transformação Recompositions and social representations of Avenidas Novas in a transforming city PINTO, Fernando; ISCTE-IUL; CIES, CP; Lisboa; Portugal; [email protected] Resumo As Avenidas Novas assinalaram uma viragem decisiva no tempo e no modo da expansão urbana de Lisboa, no começo do século XX, sustentando um movimento de ampliação para norte, a partir das coordenadas do plano urbanístico liderado por Ressano Garcia. Associadas desde cedo a uma forte especulação imobiliária, patente na dissonância de tipologias construtivas e na ausência de um plano arquitetónico de conjunto, ficaram também marcadas pelo facto de se terem constituído num dos eixos estruturantes de dilatação do centro funcional da cidade, sofrendo os impactos da terciarização e do uso generalizado do automóvel sobre as suas acessibilidades fáceis. Apresentam-se aqui os primeiros resultados de uma investigação, relativos à história das Avenidas Novas e suas recomposições espaciais. A pesquisa contempla ainda uma contextualização sociodemográfica e socioeconómica e tem o seu foco nas representações sociais sobre esta área da cidade. Palavras-chave:Avenidas Novas; expansão urbana; reconfiguração espacial; mobilidade espacial. Abstract Avenidas Novas marked a turning point in the time and mode of urban expansion in Lisbon at the beginning of the twentieth century, sustaining a movement of expansion from de coordinates of the urban plan led by Ressano Garcia to the north.
    [Show full text]
  • O Parque Das Nações Em Lisboa Uma Montra Da Metrópole À Beira Tejo
    Tese apresentada para cumprimento dos requisitos necessários à obtenção do grau de Doutor em Sociologia, especialidade de Sociologia Urbana, do Território e do Ambiente, realizada sob a orientação científica de Luís Vicente Baptista e R. Timothy Sieber. Investigação apoiada pela Fundação para a Ciência e Tecnologia com a bolsa com a referência SFRH/BD/37598/2007, financiada por fundos nacionais do MEC. Aos meus pais e ao Helder. Agradecimentos A todos aqueles que, a título pessoal ou institucional, aceitaram ser entrevistados, conversar ou passear, aqui em Lisboa, mas também em Boston. Sem eles este trabalho não existiria. Ao Luís Baptista por me ter contagiado com o seu entusiasmo pela cidade, pela liberdade que, enquanto orientador, me proporcionou no trabalho, mas também por me incluir em tantos outros projectos, com os quais muito aprendi. Ao Tim Sieber por me ter apresentado Boston e o seu porto e por, mesmo à distância, estar atento e ter sempre uma palavra de incentivo. À Catharina Thörn e ao Heitor Frúgoli Jr. pelo interesse que demonstraram no meu trabalho. Ao Gonçalo Gonçalves, à Graça Cordeiro, à Inês Pereira, ao João Pedro Nunes, à Lígia Ferro e à Rita Cachado pelos projectos partilhados, mas também pelo círculo de simpatia e amizade. Aos amigos Carolina Rojas, Cristina Pinto, Edalina Sanches, Grete Viddal, Hélène Bettembourg, Jim Bettembourg Mendes, Pedro Gomes, Rahul Kumar, Rita António, Rita Santos, Sérgio Paes, Sofia Ferreira e Tiago Mendes, pelos momentos partilhados ao longo dos anos. Ainda aos colegas e amigos Ana Fernandes, Inês Vieira, Joana Lucas, João Martins, Jordi Nofre, Paula Gil, Patrícia Paquete, Rachel Almeida e Rita Burnay, pelas conversas e sugestões.
    [Show full text]
  • Geotechnical Characterization in Lisbon and Surrounding Counties for Earthquake Engineering Proposes
    13th World Conference on Earthquake Engineering Vancouver, B.C., Canada August 1-6, 2004 Paper No. 2288 GEOTECHNICAL CHARACTERIZATION IN LISBON AND SURROUNDING COUNTIES FOR EARTHQUAKE ENGINEERING PROPOSES Paula TEVES-COSTA1, 2 and Isabel M. ALMEIDA2, 3 SUMMARY The geotechnical soil characterization of the Lisbon Metropolitan Area and Adjacent Counties was based on the analysis of data obtained from geotechnical boreholes, geophysical methods, and laboratory analysis. In order to characterize their seismic behaviour, the soils in this area were classified in 4 different classes. Linear modelling was performed for all soil types, and non-linear modelling for the most vulnerable soil type. The most vulnerable situations were identified, corresponding, in practice, to an increase of 1 or 2 degrees in the observed seismic intensity. INTRODUCTION Through its history, Portugal mainland has experienced the effects of various moderate to strong earthquakes, thus presenting a moderate seismic risk, more important in the Lisbon and Lower Tagus Valley, and Algarve regions. In consequence, the National Civil Protection Service promoted a study of the seismic risk in the Lisbon metropolitan area and adjacent counties, involving technicians and researchers from various institutions. In the adopted methodology, the parish was considered as the analysis unit, and the location of the Parish Board representative of the total parish. The geotechnical soil characterization is of the utmost importance for seismic risk assessment, being used, in particular, for site effect assessment. Those effects may be defined as phenomena originating significant changes in the seismic movement in a given location, increasing the seismic intensity observed by 1 or 2 degrees.
    [Show full text]
  • Setembro De 2015 PREFÁCIO
    Setembro de 2015 PREFÁCIO O Diagnóstico Social do Parque das Nações é a resposta técnica e política para os desafios presentes e futuros da mais jovem freguesia do País. Esta iniciativa faz parte da matriz de princípios e objetivos traçados no Programa de Desenvolvimento e Progresso para o Par- que das Nações, numa visão 2020. É um compromisso político que se cumpre, não por imperativo de qualquer calendário, mas porque desde o início foi identificada a necessidade de conhecer melhor para agir melhor, em benefício dos cidadãos. O Parque das Nações foi desde a sua génese um território dividido por dois concelhos. Durante anos teve tutelas repartidas entre a Parque Expo, a Câmara de Loures e a Câmara de Lisboa. Esta situação atípica causou com frequência sobreposições e conflitos de informação e de competências entre as várias entidades. A criação da nova Junta de Freguesia do Parque das Nações, sufragada nas urnas nas últimas eleições autárquicas, obedeceu a um desenho do território que junta parcelas que anteriormente se encontravam dispersas sob a gestão de três freguesias e dois concelhos. Era por isso fundamental ter um conhecimento mais detalhado da malha socioeconómica da nova fregue sia. Porque só desta forma é possível planear a prazo as respostas, que vão ao encontro das expectativas dos cidadãos que vivem e residem no Parque das Nações. A caracterização da freguesia permitirá ainda trabalhar uma matriz identitária capaz de unir a comunidade e reforçar o valor cultural económico e simbólico de um espaço, que é parte importante de uma cidade compe titiva no ranking internacional.
    [Show full text]
  • Lista De 28 De Fevereiro a 06 De Março De 2020
    Lista de 28 de Fevereiro a 06 de Março de 2020 Nome Tipo Data de Início Data de Fim Processo Morada Freguesia UIT Novo Programa Ricardo Araújo Pereira Filmagem 01-03-2020 07-06-2020 214/POEP/2020 Avenida Fontes Pereira de Melo Arroios Centro Calçada do Monte, Rua da Senhora do Monte, Rua de São Gens, Amar Demais Filmagem 02-03-2020 06-03-2020 250/POEP/2020 São Vicente Centro Histórico Travessa do Monte, Rua Damasceno Monteiro Misericórdia, Santa Maria Distribuição de Flyers Publicitário 05-02-2020 29-04-2020 46/POEP/2020 Praça de Luís de Camões, Rua Garrett Centro Histórico Maior Praça do Comércio, Rua Gomes Freire, Calçada do Monte, Campo dos Santa Maria Maior, Arroios, O Atentado Filmagem 29-02-2020 29-02-2020 255/POEP/2020 Mártires da Pátria, Rua Júlio de Andrade, Paço da Rainha, Travessa da Centro Histórico, Centro São Vicente, Santo António Cruz do Torel Terramotto Vs Moda Lisboa vs CML - 54ª edição Moda Estrela, Misericórdia, Avenidas Divertimento/Espetáculo 26-02-2020 05-03-2020 150/POEP/2020 Largo Vitorino Damásio, Cais do Sodré, Campo Pequeno Centro Histórico, Centro Lisboa Novas Largo Trindade Coelho, Rua Delfim de Brito Guimarães, Rua de São Misericórdia, Campolide, Lázaro, Terreiro do Trancão, Antigas Oficinas Metropolitano Calvanas, Centro Histórico, Centro, Lançamento Mundial Novo Mini Eléctrico Publicitário 01-02-2020 23-03-2020 57/POEP/2020 Santa Maria Maior, Parque das Avenida da Ribeira das Naus, Rua do Arsenal, Rua do Alecrim, Praça do Oriental, Norte Nações, Lumiar Comércio Praça do Duque de Saldanha, Praça dos Restauradores,
    [Show full text]
  • LLH HOSTELS Our City Guide About Us
    LLH HOSTELS our city guide about us . how to get here . map . settling in our dinners . our activities . top 10 attractions top 5 viewpoints . restaurants . ba rs . clubs bifanas and bu rger s . chill out cafes . museums dos and dont’s . alcohol and drugs first portuguese lesson . f.a.q. lisbonloungehostel.com livingloungehostel.com LLH HOSTELS LLH HOSTELS our city guide about us and our hostels We’re a group of four Portuguese friends from the city of Cartaxo, about a 45 minute drive from Lisbon. Back in 2005 we were all pursuing different careers in art - two of us in photography, one in architecture, and another in painting. But one fateful night over a few glasses of red wine we decided to take a different path together and open the first hostel in Lisbon, the Lisbon Lounge Hostel. Not too long afterwards we opened a bigger hostel just around the corner, the Living Lounge Hostel. From the very beginning we tried to avoid turning the hostels into bed factories. Instead we focused on creat- ing an environment where we would also feel comfortable hanging out, meeting travellers and sharing stories. We’re now getting close to a decade in the hostel busi- ness, and looking back it’s been nothing short of life changing for all four of us. We knew it would be a fun ven- ture but we never could have expected to meet so many fascinating people and have so many great experiences, just from opening our doors to the world outside. We hope this guide helps you get a leg up on what to do in Lisbon.
    [Show full text]
  • Accommodation in Lisbon for Exchange Students 2017-2018
    ACCOMMODATION IN LISBON FOR EXCHANGE STUDENTS 2017-2018 Students are recommended to make appropriate enquires and take appropriate advice before sending money, incurring any expense or entering into a binding commitment in relation to an advertisement. Nova School of Business and Economics is not responsible for the websites and advertisements published below. Please, be careful. 1 –WEBSITES: http://www.inlifeportugal.com/ https://uniplaces.com/university/lisbon/nova-school-of-business-and- economics www.uhub.eu https://www.collegiate-ac.com/uk-student-accommodation/lisbon http://www.ninestudentliving.com/ www.erasmuslisboa.com www.lisbonrooms4students.com http://www.uniplaces.com https://www.facebook.com/studentscornerpt htt://eurasmus.com/ www.lisbonrooms.com http://lisbon4rent.blogspot.pt www.casaalfacinha.com http://www.travelingtolisbon.com http://www.bit.ly/univhousLX www.LisbonLx.com www.thisislisbonhostel.com www.housingexchange.it www.bquarto.pt http://lisbonerasmusflat.blogspot.com www.rent4days.com www.erasmate.com http://www.jardimdesantoshostel.com www.residencia-estudantes-lisboa.com http://www.facebook.com/home.php?#!/ErasmusLisbonFlat?ref=ts http://www.want.com.pt/accommodation.htm https://www.facebook.com/se.students.experience/ https://www.facebook.com/lisbonflatslovers/) http://placetostay.pt/ http://erasmuspalacelisbon.com/ https://housinganywhere.com/ https://casa.sapo.pt/en_GB/ http://www.remax.pt/default.aspx?selmode=residential www.roomlala.com http://www.ondacity.com/ 1 2- OFFERS Offer 1 ALUGA-SE FOR RENT Caract. Quartos ou apartamento Furnished rooms or (110 m2) mobilado e com apartment (110 m2) electrodomésticos Layout 5 quartos, 1 sala, 2 casas de 5 bedrooms, 1 living room, 2 banho toilets Localização Location Rua Carlos Mardel, junto à Alameda Underground Alameda (5 min.
    [Show full text]
  • Discover Lisbon with Our Guide!
    The 7th Conference of European Survey Research Association welcomes you to the fashionable city of Lisbon! Lisbon, the most westerly capital in mainland Europe, is one of the few cities in the world to offer a unique natural landscape. It’s for sure one of the most impressively located, with a series of hills facing the Tejo estuary, one of the sunniest and probably one of the least expensive cities to discover. Being a city built on hills, from the various belvederes, installed in the highest points, can enjoy breathtaking views. We highlight the castle of S. Jorge, where we reach the cacilheiros in their crossing to the south bank, the 25th April bridge, Rossio, Carmo convent, Bairro Alto, Eduardo VII park, among other points of the city. Alongside the old city, with a very rich heritage, Lisbon is also a modern city that has been renewed in new cultural and leisure proposals. In this document you can find out more about the places you cannot miss in this city – excursions, restaurants and bars, among others. Index What to see & Where to walk............................................................................................... 4 Tram 28E route – the best way to know Lisbon ......................................................4 Prazeres cemetery ..........................................................................................................6 Santo Condestável Church ..............................................................................................6 Basílica da Estrela and garden .......................................................................................6
    [Show full text]
  • The Working-Class Houses and Its Insertion in Urban Areas
    THE WORKING-CLASS HOUSES AND ITS INSERTION IN URBAN AREAS THE 33 MUNICIPAL CASE STUDIES OF THE CITY OF LISBON _________________________________________________________________________________ José Miguel Moreira Correia ABSTRACT The purpose of this study is to analyze the insertion of 33 municipality working-class houses of in the urban fabric of the city of Lisbon. The methodology adopted was based on the Spatial Syntax theory by using the measurements of choice and integration in a Geographic Information Systems environment. The first step was the analysis of 33 cases studies with normalized angular measures of integration and choice, from the global scale to the local scale with radii of 400 m, 800 m, 1200 m and 2000 m respectively. The second step was a detailed analysis based on the adjacency of the spaces from the public street to the dwellings for a subset of 4 working-class houses, selected due to their type-morphological diversity. From the first analysis (the 33 study cases), it was possible to conclude that the patios and the workers' villages have high insertion values in the neighborhood, highlighting the idea that this type of construction intended to promote the proximity of the dwellings to the factories. At the global level the insertion value is weaker, however with a positive growth trend in the period analyzed (1871 - 2005). For all study cases it was verified that the courtyard acts as an aggregating element of the collective space, although it can be accessed in very different ways, which in translates into a proper identity for each patio/village worker. Keywords: Workforce housing Space Syntax analysis Urban morphology Housing GIS November 2018 INTRODUCTION This work is part of a protocol established between the Instituto Superior Técnico (IST) – CERIS research center and the Municipality of Lisbon to study the 33 municipal working-class houses.
    [Show full text]
  • FICHA GLOBAL PMUS Abril16
    PLANO DE AÇÃO MOBILIDADE URBANA SUSTENTÁVEL (FICHA GLOBAL) Identificação da NUT III Área Metropolitana de Lisboa Territórios abrangidos pelas intervenções Concelho de Lisboa JUSTIFICAÇÃO PARA AS INTERVENÇÕES NOS TERRITÓRIOS IDENTIFICADOS Portugal tem definido ao longo dos últimos anos uma série de políticas e instrumentos que apontam à redução da sua elevada dependência energética dos combustíveis fósseis, dos impactos ambientais que a utilização destes incorporam e da sua inerente contribuição para as emissões de gases com efeitos de estufa e para as alterações climáticas. A cidade de Lisboa também está apostada em contribuir para os mesmos objectivos, e tem ela própria levado a cabo uma série de medidas que visam aumentar a eficiência energética do seu sistema urbano, reduzir as poluições atmosférica e sonora, e mitigar as suas responsabilidades em termos de emissões de CO2. Estas preocupações são hoje centrais em todas as estratégias e políticas definidas pela cidade, que tem assumido compromissos e lançado acções que permitam aumentar permanentemente os níveis de sustentabilidade e resiliência da cidade. Documentos como a Carta Estratégica de Lisboa 2010/2014, o PDML, o Pacto dos Autarcas subscrito por Lisboa, o Plano de Acção para a Sustentabilidade Energética de Lisboa ou o Lisboa-Europa 2020 são disso exemplos. No caso do sector dos transportes, a cidade está apostada em promover uma alteração na repartição modal que visa racionalizar a utilização do automóvel e aumentar as deslocações a pé, de bicicleta e de transportes públicos, reduzindo assim decididamente os consumos energéticos e as emissões dentro do seu perímetro territorial, humanizando a cidade e aumentando a qualidade de vida dos que nela vivem, trabalham ou estudam, bem como dos que a visitam.
    [Show full text]
  • URBAN PROJECT | NÓ DO LUMIAR and the Lisbon Northwest Gateway
    URBAN PROJECT | NÓ DO LUMIAR and the Lisbon Northwest Gateway Gonçalo Duarte Pita Architecture Dissertation | Instituto Superior Técnico Coordinator: Prof. Carlos Moniz de Almeida Azenha Pereira da Cruz ABSTRACT The following report presents the work carried out for 2010/2012 Final Project course. The conducting element of this report is the impact road infrastructures may have, particularly when inserted in the urban context, whether they are generators of that context or the main cause of its frag- mentation. The mono-functionality of the road layout, which is a consequence of a mono-disciplinary approach to its conception, led to the incapacity of the structural road system to be part of the contem- porary city as an integrated actor of the urban space and therefore becoming an intrusive element. Supported by a reflection on road infrastructures, the goal of this report is to analyze the Lisbon struc- tural route consisting of Calçada de Carriche and Av. Padre Cruz. — the Northwest Gateway —, and the conception of a project on Nó do Lumiar, its main articulation point. Being one of Lisbon’s main gateways for centuries, the Northwest Gateway was responsible for defining the mobility structure of the North Ring when it was still part of the city’s periphery. Today, due to redefinitions of its route and section, it is an element of urban discontinuity along with other high performance roads as Eixo N-S and 2ª Circular. Nó do Lumiar is at this moment a dysfunctional urban centre due to the powerfull impact of its road system. Despite allowing an effective accessibility to automobiles on a broader range of the territory, its impact does not allow for a comfortable use of the space where it’s inserted, a space made up of elements of undeniable historic, patrimonial, cultural and administrative value.
    [Show full text]