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wecity has successfully financed seven projects in Portugal reaching a volume of 8 million euros with an average term of 12-15 months. Since we were authorized by Esma to finance projects both in Spain and the rest of Europe, we have launched 7 projects in the neighboring country: Torres Verdras-Playa Sta Rita, Madeira-Villa Saudade, Lisboa-Sintra, Oporto-Edificio Azul, Madeira-Villa Saudade II, Oporto-Gaia and Oporto-Boavista.
Today we talk to David Diogo, Head Real Estate Portugal, don’t miss the full interview!
Q.What is your role as Head Real Estate Portugal?
R. I am responsible for the real estate area of wecity in Portugal. My duties range from the analysis and selection of financing projects in the real estate sector that meet strict criteria of viability and profitability, to the development and maintenance of strategic relationships with developers, partners and other players in the real estate market. These relationships are fundamental to the success of our projects and to ensuring that wecity continues to grow and consolidate its position in the Portuguese market. My goal is to ensure that each project not only meets financial expectations, but also that it meets our requirements and has the capacity to fulfill the commitments made to our investors.
What do you like most about this sector?
What I appreciate most about the real estate sector is its diversity and dynamism. This is a constantly evolving sector, which presents a stimulating challenge and continuous opportunities for innovation and growth. In addition, the real estate sector offers an interesting combination of disciplines. It involves everything from financial analysis and investment strategy to project management and sustainable development. This multidisciplinarity allows me to work with professionals from different areas and to learn constantly, which greatly enriches my professional experience. I also enjoy the relational aspect of the industry. Establishing and maintaining strong relationships with investors, partners and other stakeholders is fundamental.
How have the 7 projects funded so far in Portugal gone?
The seven projects financed so far in Portugal have been a success. All of them financed within a few hours, which demonstrates the confidence of our investors in the analysis and selection of the opportunities we propose for financing. All of them, with different characteristics, offer not only a high level of profitability, but also a guarantee of financing backed by collateral, never exceeding 70% LTV. In addition, the real estate market in Portugal has shown robust growth in recent years, driven by several factors such as economic recovery, tourist attractiveness and government policies favorable to foreign investment. Cities such as Lisbon, Porto and the Algarve have been the main sources of both domestic and international investment.
Upcoming Ehat do you base your choice of a good project/financing on??
At wecity, the choice of a good project or financing is based on a detailed and rigorous analysis. The evaluation process includes different stages that help us guarantee the viability and success of the projects. In an initial phase, we analyze all documents and information provided by the promoters to ensure that the project is eligible. We confirm that the project meets the eligibility criteria established by wecity, verify whether it is aligned with our strategic objectives and whether it has the potential to be successful. We perform a detailed analysis of the project based on previously defined quality criteria. This includes the relevance of the project, its objectives and expected results. We also assess the technical and financial feasibility to ensure that the project is sound and sustainable. This meticulous process ensures that only the most promising and well-structured projects are selected for funding, thus guaranteeing the continued success of the projects proposed to wecity investors and their investments.
Why wecity?
wecity is an attractive option because of its innovative approach to the real estate sector, especially in terms of access to a new source of financing and a diversified investor base. We stand out for the speed of the entire financing process, from the receipt of the documentation, its analysis, its publication, the raising of capital and the availability of funds, which usually takes approximately one month. Another important aspect is our great flexibility to adjust the financing for each specific project, attending to the needs and timings of each promoter, adjusting its characteristics individually.
Finally, our platform is user-friendly. The registration and investment process on wecity is quick and easy. Investors have access to an intuitive dashboard, where they can monitor their investments and manage their returns. wecity offers investors access to real estate investment opportunities with a focus on security, high potential returns, all within a regulated environment. These factors make wecity a compelling option for those looking to diversify their investment portfolio.
At wecity we offer you our Real Estate team that will help you finance your project quickly, without red tape, bureaucracy or complications. We are your alternative to traditional financing! We look forward to helping you and achieving more success together.
