How to save money when investing in real estate in Portugal?

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How to save money when investing in real estate in Portugal?
Published on 9th December 2019
(4.5min read)

Portugal has long been the most preferred tourist destination for Europeans, but many tourists now decide to prolong their stay because of the great tax incentives they can benefit from when investing in real estate in Portugal.

In addition to the obvious advantages of about 300 days of sunshine in the south, along with the low cost of food and houses, these are the main ways investors will be saving money when investing in real estate in Portugal:

Tax benefits for pensioners, and workers

All pension incomes from outside Portugal are exempt from IRS payments but the ones earned in Portugal. This is because where double tax agreements exist (such as with Portugal and France for instance), the right to raise taxes falls into the country of residence. Portugal currently exempts retirees from paying taxes on their non-Portuguese pension incomes.

Portugal is particularly appealing to the older generations thanks to the climate and healthy cuisine; in addition, the cost of living is generally 25% lower compared to other European countries.

If you’re looking for a nice place to live or a portuguese real estate investment, we can also help you find a house or property here.

If you’re a worker, you will profit from a 20% fixed income tax (IRS). This decreased rate refers to all high-value-added skilled professionals. The professions list is vast, and they include architects, engineers, dentists, singers, directors, managers, amongst others. You can check the list of the acceptable professions here (PT document).

Investing 350k in Portugal Golden Visa

At this level of investment, the applicant can invest in Real Estate located in urban areas, but only properties constructed more than 30 years ago and in need of refurbishment.

Although a bit more time consuming, after refurbishing the property, the 350k real estate investment is worth it because the investor can remodel the house however preferred, having in mind the tenants needs, and get a better return of his investment.

Need help for your real estate invesment’s refurbishing? Get in touch with our Furniture Department.

Investing 350k in Portugal Golden Visa is becoming popular due to its low real estate investment and its benefits, but it might be challenging for the investor to follow up with the renovations if he’s not in Portugal. 

This is where we can also help. If you’re interested in investing 350k in Portugal and need help following up with the investment in real estate, get in touch with our After Sales team, who can assist you in every stage, even if you’re away.

House inspections can also save money on constant future repairs

During your search, you might find a home that seems amazing at first. Afterwards, as you walk through the house you discover issues – the floors squeak, there is mold in the bathroom, the kitchen island is off-center. 

In these cases, seek help from a trained house inspector to look thoroughly at the property, and uncover issues you wouldn’t think of during your walkthrough. This can save you thousands in repairs. 

The After Sales Department can also assist you in these cases saving your money, monthly updating you about the construction process and whether the building specifications report is being respected, so when you visit the properties, you’re not surprised with a different plan than it was first established.

About Portugal Homes

PortugalHomes.com specializes in investments in Real Estate and Golden Visa. We help buyers find the right property overseas, whether it be for Golden VisaNHR, Investment or simply a place in the sun. Our properties are selected with great thought in mind to give our clients the best opportunities. We offer the complete service from introducing them to the Legal RepresentativesCurrency ExchangeMortgage AdvisorsProperty ManagementRental and Furniture Packages along with making sure all our staff are trained to fully understand the buying process and taxes for every scenario. Portugal Homes provides the complete service to anyone looking to buy a new or resale property overseas for holiday use or as a short or long-term investment.

To find out more, please contact us:
  • Phone: +351 213 471 603
  • E-Mail: info@portugalhomes.com
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Buying Property in Portugal

Portugal Homes has very experienced and knowledgeable professionals working with some of the most established and reputable developers Portugal has to offer. Our vast experience allows us to guide you through the best investment choices.

Whether you want a holiday home or an investment property, we select the best units for your profile and take care of all the process from start to finish. Even after the sale! Our After Sales services assume the responsibility of furnishing your property at your taste, taking care of the property in your absence, managing the rentals if you wish to rent your property when you’re not in Portugal and so much more!

To learn more about the Portuguese Non-Habitual Resident Program and our After Sales services, please fill the form below.

Extremely helpful and professional. A pleasure to meet you!

Li Sze Ki and Man Chi Ning from Hong Kong

Ryan is fantastic. Very helpful, nice and professional. He provides swift responses to me whenever I raise him a question.

Rubby Lee from Hong Kong

Thank you. Lovely experience with all of the staff. George was very helpful, knowledgeable and had a good grasp of the financials. Will recommend Portugal Homes to friends. Also excellent experience with the After Sales - very helpful.

Nadia Webb

Very knowledgeable and professional, able to provide clear advice that meets my need such that I can make decision quickly. Efficient and energetic team.

Tang Wing Yun from Hong Kong

Simon has been wonderful to work with. We did not feel pushed in any way.

Andre & Lena Jourdan from USA

Portugal Homes is very customer-oriented. Mr. George Hobson epitomizes professionalism and dedication. This in addition to his amiable and congenial attitude.

Investor from Algeria