What it does, how it measures, how it computes a feasibility study and how a developer shares a deal with investors.
Averu is software for property developers. It takes a development deal from the architect's PDF to the investor's answer. It reads or measures the areas of every unit, prices the units against real comparables, and computes the feasibility study: monthly cash flow, profit and loss, returns and bank financing, under the local tax rules. It was built in Portugal, with a working developer, for the Portuguese market first.
For property developers and their analysts, who study many buildings a year and buy few of them. And for the investors they invite: an investor receives a private link with a one-page teaser and, after signing online, the full business plan.
Averu does the mechanical work a spreadsheet model needs: reading the areas, building the monthly cash flow, applying the taxes, running the sensitivities. The judgement stays with you: the price per square metre, the build cost, the timing. Every statement exports to Excel, so you can check any number in the tool you already know.
Portugal today. The Portuguese rules are built in: IMT, stamp duty, IMI, VAT on works including the reduced rate for urban rehabilitation areas, corporate tax with the municipal surcharge, EURIBOR and the way a bank releases a construction loan. Spain is next, and the rules are a pack that can be written for another country.
The application works in English and Portuguese. Investor pages are also available in French. The website is in English, Portuguese and Spanish.
Yes. When the PDF has a table of areas, or prints the area of each home on the plans, Averu reads every unit in one or two seconds: floor, typology, gross area, exterior area, parking and storage. Each unit carries the page and the line it came from, so you can check it against the drawing.
Then you measure the homes on the plan, inside Averu. It picks the floor plan to start on. You click the corners of a home and press Fit to walls. The outline snaps to the walls and the gross area is measured on the drawing. You do not need AutoCAD or any other drawing software.
In our tests on regular floors the measured area was within about 5% of the architect's own figure, and usually within 2 to 4%. Every area says how sure it is: Measured when every edge sits on a wall, Check when something needs your eye. Scanned drawings and attic homes with sloped ceilings always ask for your check.
The gross private area of each home. It is measured to the outer face of exterior walls and to the centre line of walls shared with a neighbour or with the common parts. Balconies, terraces and storage are kept as separate areas, the way a Portuguese area table lists them.
It is a first number while you measure. A model looks at the plan and estimates the area of each home in under a minute. It is always labelled Estimate. Averu checks it against what the sheet itself prints, such as the building's footprint and the room areas, and marks it Check when the two do not fit.
You upload the new version to the same deal. Averu compares it with the last one, unit by unit, and shows what changed. You choose what to apply. The prices, the uses and the units you added yourself are kept.
Revenue for every unit; the purchase price with its taxes and fees; construction and soft costs, each with its payment schedule; the bank loan with interest and fees; a monthly cash flow; a profit and loss statement; and the returns: IRR, return on investment, equity multiple and net margin, each compared with your own target. A sensitivity table shows what happens when costs or sale prices move.
From comparables. You collect real listings near the building, with date, price, area, floor and whether they are new or used. Averu shows the range per typology, next to the official INE median for the municipality as context. You choose the price per square metre; Averu never invents one.
Yes. You give the return you need, for example an IRR of 20%. Averu runs the whole model again and again and gives the highest purchase price that still reaches it. That is the number a negotiation turns on.
IMT and stamp duty on the purchase, IMI during the works, VAT on construction with the reduced rate for urban rehabilitation areas where it applies, corporate tax with the municipal surcharge, the compulsory works inspection (fiscalização), licensing fees, and the cost of the bank loan with EURIBOR by tenor. The 2026 rates are built in and you can change any of them on a deal.
Every number in Averu is computed by code, not written by a language model. Each one can show how it was derived and where its inputs came from, and the statements are checked against each other. Returns are projections and are labelled as such. Everything exports to Excel.
Yes. You pick a bank with its own terms: loan to value, loan to cost, spread, fees and the way it releases money against the works. Averu builds the drawdown month by month, charges interest on what is drawn, and can repay the loan from sales as they come in. The equity you need is the result.
Each investor gets a private link in their own name. First they see a one-page teaser: the returns, the amount you raise, the unit mix and the market context. After they accept a confidentiality and non-circumvention undertaking online, they see the full business plan. You see who opened the link and when.
Yes. Per deal you set the split between the sponsor and the investors, the preferred return, catch-up, carried interest and the management fee. Averu shows the distributions tier by tier and the investors' own net IRR and multiple.
Yes. The deal becomes a presentation with your logo, colours and fonts: sources and uses, capital structure, investor returns, timeline, risks and the market study. You download it as PDF or as PowerPoint.
Book a demo on the website. Bring the architect's PDF of one of your own buildings. In the demo we read it, price it and run the feasibility study together, so you see your own numbers.
Only your company. Each company's deals are kept apart from every other company's. An investor sees only the deal you shared with them, and only the part you chose to show.
In a demo we run your architect's PDF through Averu with you: the areas, the prices, the feasibility study and the investor page.