- Significant Changes to the Infrastructure in the Portuguese Real Estate Market

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Significant Changes to the Infrastructure in the Portuguese Real Estate Market
Added: 12/29/2003 Type: Summary Viewed: 738 time(s) [ Not Rated Yet ]

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Significant Changes to the Infrastructure in the Portuguese Real Estate Market

In August 2003 a group of estate agents, builders and developers in the Lagos area of Portugal embarked on the first step of a national collaborative venture. The scheme is designed to stimulate and efficiently integrate the Portuguese real estate market on an operational level. It is expected to be beneficial for all parties involved in the real estate market - be they estate agents, builders, developers, prospective buyers or sellers.

The project aims firstly to provide agents with as comprehensive a regional property portfolio as possible. This will be closely followed by campaigns designed to make the public aware of the advantages of buying and listing through participating agencies. A further but later objective will be to generate leads and promote the Portuguese real estate market internationally.

The scheme, involving estate agents, builders and developers licensed under Portuguese law, is identified as TheLink-Portugal. It is an improvement on a concept that has been successful in many countries. The concept, which is new to Portugal, is relatively simple. In principle, it amounts to sharing a common database of listed properties. This computerized co-operative venture aims, through intra-net technology, to optimise the consumer dynamics of the market.

Through this shared database TheLink affiliated agents can offer buyers the most comprehensive range of properties available in the region. Buyers will no longer need to visit many estate agencies in order to get a good overview of what is on offer in the area. This has already been shown to be the case in Lagos. It is estimated that TheLink agents, collectively have at least four times more properties on offer in the Lagos area than even the larger high-profile agencies! This large portfolio coupled, with the detailed search facility that agents have access to is calculated to significantly increase the agents potential to meet a prospective buyers needs. Viewings of properties will be reduced to those that very closely match a clients needs. In this way much time is saved and the likelihood of sales is increased.

Sellers, visiting one Link agent in the area will immediately be listed by all other Link agents in the area and elsewhere. By assisting agents to accurately match a propertys specifications with a buyers needs, TheLink helps match sellers with buyers who are likely to be truly interested in purchasing their property.

Attached, please find comments made by Founder Members of www.TheLink-Portugal.com

For further information, contact John Moir 967 926 778 or Erwin Höhn 936 969 338.

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