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"Great stories are written with values in the hearts of men"
Explore our values...
Photo by Luís Pinto, finalist of the Emergentes dst Award 2011.

Respect. (from the lat. respectu) n. 1. respect; 2. consideration; high regard; 3. deference; compliance; veneration; 4. honour; worship; 5. relation; refererence...

We believe that everyone should be respected for their work, for their attitudes, opinions and options.

Photo by Mila Teshaieva, finalist of the Emergentes dst Award 2011.

Rigor. (from the lat. rigore) n. 1. harshness; strength; 2.fig., severity; punctuality; accuracy.

There is no "more or less levelled", "more or less upright”, "more or less clean" or "more or less safe", but rather “levelled”, "upright”, "clean” and “safe". The rigour is reflected in our procedures, in time and in the rules to follow. In the light of moral and principles, being severe means being rigorous.

Photo by , finalist of the Emergentes dst Award 2012.

Passion. (from the lat. passione) n. 1. intense and usually violent feeling (affection, joy, hate, etc.) which hinders the exercise of impartial logic; 2. derived from a feeling; 3. great predilection; 4. partiality; 5. great grief; immense suffering...

Under the sign of passion – a text of the Portuguese poet Regina Guimarães – is our icon. Passion is to reveal great enthusiasm for something, favourable encouragement or opposite to something.
It is the sensibility transmitted by an architect or engineer through work.
Passion is the dedication to a project. Passion is a state of warm soul.

Photo by Jakub Karwowski, finalist of the Emergentes dst Award 2012.

Loyalty. (from the lat. legalitate) n. the quality of being loyal; fidelity; sincerity.

Respect for the principles and rules that guide the honour and probity. Faithfulness to commitments and agreements undertaken, staunch character.
To remain loyal to the business partners because we depend on them and they depend on us.
Being trustworthy for being loyal.

Photo by Ian Lieske, finalist of the Emergentes dst Award 2011.

Solidarity. (from the lat. solidare) n. 1. the quality of being solidary; 2. reciprocal responsibility among the members of a group, namely social, professional, etc.; 3. sense of sharing another’s suffering.

Being solidary is being a friend, offering our hand with genuine generosity and bringing joy and human warmth to those who, somehow, are marginalized. Being solidary is being more human. A solidary company is recognized as a fair and non-selfish company. A solidary company is a preferred choice in business. It is a more competitive company. Volunteering is a vehicle to solidarity. It is modern, fair, cultured, friend, it is a noble gesture of moral elevation.

Photo by Clarence Gorton, finalist of the Emergentes dst Award 2012.

Courage. (from the lat. coraticum) n. 1. bravery facing danger; intrepidity; to have audacity; 2. moral force before a suffering or setback; 3. [fig.] to input energy when performing a difficult task; perseverance...

Courage is essential in our life. Courage to face less pleasant situations when complex issues come up, not expecting random resolutions.
It is a value that we must highlight as opposed to the fearful, cowardly and laziness.
The courage to react to criticism not with an attitude of demotivation or sadness, but rather to search for the means and the action to overcome its own reason. This kind of courage, which is also an intellectual courage, is highly recommended.

Photo by Filipa Alves, finalist of the Emergentes dst Award 2011.

Ambition. (from the lat. ambitione) n. 1. vehement desire of wealth, honours or glories; 2. expectation about the future; aspiration; 3. lust; greed…

Vehement desire to achieve a particular goal. Ambition not to resign ourselves. Ambition to take the best potential from ourselves. Ambition to deserve ourselves. Ambition to be athletes in our top-level competitive jobs. Ambition to beat our brands. Ambition to get the best deals with the maximum value, due to the high levels of proficiency and efficiency.

Photo by Scarlett Coten, finalist of the Emergentes dst Award 2011.

Esthetics. ESTHETICS (from the Greek aisthetiké, "sensitive") n.f. 1. Philosophy branch of philosophy that studies the beauty and nature of artistic phenomena; 2. author's own style, time, etc.; 3. harmony of shapes and colors, beauty; 4. set of techniques and treatments that aim to beautify the body.

We decided to build the company's economic foundations under a cultured, cosmopolitan and cool image. Because it is a charming state of being. Good taste because we are sustainable and we respect the planet. Good taste because we are sensitive. Good taste just because.

Photo by Karl Erik Brondbo, finalist of the Emergentes dst Award 2011.

Responsibility. (from the lat respondere) n. the trait of being answerable to someone for something or being responsible for one's conduct; a form of trustworthiness.

We must be certain that, before a choice, we chose what is best for both of us and not just the best for each one. Each employee is responsible for his negotiated activity and co-responsible if the co-worker does not fulfil his own task, thus preventing the common goal. A team is a set of individuals - is a whole. In the business game, as in social or family contexts, everyone must comply with their own relative position and we shall not permit that one of ours fails to be in our team.

1. artigo Miguel Moreira
Challenges of the SB 2022 in the real estate and construction sector

Opinion Article | Dinheiro Vivo 

As the State Budget for 2022 is currently being discussed and analysed by the Portuguese Parliament, it is urgent to reflect on the real estate and construction sector and the various challenges they face. I do so, moreover, in line with what is advocated by the sector's associations, namely the APPII (Portuguese Association of Real Estate Developers and Investors) and AECOPS (Association of Construction and Public Works and Services Companies).

The real estate sector is, in my opinion, often undervalued, which seems perfectly unfair, as it is a sector that represents around 15 to 20% of the gross domestic product, with a direct impact on many other sectors, such as hotels, commerce and services and retail, which are directly or indirectly influenced by it.

The construction and real estate sector in Portugal began its recovery in 2017, after more than a decade buried in a sharp crisis, caused by the prevailing political and economic climate.

Having created the best expectations for sustained growth of the sector in the years to come, it is again presented with a pandemic in 2020, which brought with it multiple restrictions and more recently the war in Ukraine, which caused significant drops in economic activity, difficulties in the supply chain, a significant increase in raw materials, lack of labour and contraction in demand.

According to data from the National Statistics Institute (INE), last February the cost of construction increased by 8.6% compared to the same period in the previous year, which is the highest value since the start of the millennium. This increase is largely due to the increase in the price of materials, which rose by 10% in February, the sharpest rise since 2008.

I believe it is up to the State to actively intervene, through legislation and budgets, so that the escalation in question has the least possible repercussions for families, companies and society.

Firstly, the impact of all these increases will be felt in an increase in the closing price of the property, which has already been registered in the more central locations (Lisbon and Porto Metropolitan Area). As a consequence and allied to the heavy context costs of housing production, the necessary process of housing promotion for the middle segment will be postponed again, given the impossibility of building affordable housing. I recall, in this regard, the non-deductible 23% VAT rate applicable to the new development which, in an exceptional situation, such as the one we are experiencing, could be reduced for new development, with discriminatory factors such as geographical location, use (rental) and energy certification, for example.

Then, the repercussions of these increases on the development of the Recovery and Resilience Plan, namely on investment, and public works, especially the railways, housing and student halls of residence. On the one hand, the State is trying to obtain the best proposals for the projects to be developed and, on the other hand, the companies are faced with these difficulties, and the State itself will ultimately suffer. In some cases, namely in the search for solutions by the State for the housing sector - whether for acquisition or construction - they may even be unviable, given the impossibility of offering proposals that fit into the tenders launched by the State itself, such as the IHRU and the Municipal Councils.

I, therefore, believe this is the time for the various political parties and the Government to listen to the proposals of the sector's representatives, such as APPII and AECOPS, which know the reality of the market so well and which have actively taken a position, namely with tax and legislative proposals, in the areas of urban licensing, in the management of public contracting (framing of the normal and unforeseeable change of circumstances and acceptance of requests for extension of the execution of works), in the creation of a national fund that allows contracting entities to reimburse companies, among many other proposals.

Not doing so will represent the postponement of a problem that, later on, the State and all of us will have to solve and pay for.

Miguel Moreira, general director of dstrealestate.