A seaside garden with mild temperatures, unforgettable scenery, unique historical monuments, irresistible cuisine, safety and Portugal real estate opportunities are the country’s business card for foreigners. In fact, Portugal is the ideal setting for a full, happy life that many can only dream of. Whether for foreign investors looking for a good business, or for non-resident individuals looking for a home for sale in Portugal, here’s what you need to know before taking this step.
Purchasing a property can make you eligible for Portuguese citizenship - know more about this topic on our Golden Visa Portugal page;
The cost of living in Portugal is one of the lowest in Europe;
It is an investment with high yield returns;
Eligible for great tax benefits through the Non-Habitual Resident scheme;
Public infrastructure such as healthcare and transportation are widely accessible;
Portugal is a safe place to live, with a very high quality of life, with pristine nature and golden beaches - see them here.
Choosing where to live in a place you don’t know anything about can be overwhelming, which is why you should check our Portugal Guide to help you start your research. Portugal has something for anyone looking for a new life - whether it is vibrant cities, or scenic small towns. Leave no stone unturned, and learn about how it is to live in each one of Portugal’s premium areas.
You can find a house through an online portal or through a real estate agency. Our team at Portugal Homes can provide you with a personalised consultation for buying a property in Portugal, as well as provide you with market reports, to help you make the best decision. Get in touch with us here.
If you’re not rolling in it, you may need to look for a mortgage broker. Alternatively, if you wish, Portugal Homes liaises with three of the best portuguese banks, and can help you to, comfortably and conveniently, take care of opening an account and handling the respective process, so you don’t have to make travel efforts to the establishments.
In most cases, mortgages in Portugal run for 25 years, however if you’re a resident you can get up to 30 years.
For more information about mortgages, contact our Financial Advisor: firstname.lastname@example.org or email@example.com
Although there are more flats available in built up areas and cities, you still have a wide choice of apartments, houses or commercial properties to build your ideal property in Portugal yourself. We can help you find the best property according to your requirements, here.
See the price per square meter in the key areas of Portugal below (in €).
Once you’ve decided what property you want to buy, you will sign a contract to close the purchase - the Promissory Contract (Contrato de Promessa de Compra e Venda). You will also be required to pay a deposit on this stage - usually 10% to 30% of the agreed purchase price -, this value being refundable if you can’t obtain a mortgage, or complete the transaction within the specified period in the contract.
This is the final stage of purchasing a property in Portugal. Here, the notary will read the contract aloud and the Final Deed (usually in Portuguese) is finally signed. At this stage, you must pay the remaining funds and have the utility contracts changed into your name.
After the economic downturn, the price of houses in Portugal rose 9.2% over the first quarter of the year.
Solution: At Portugal Homes, we have an in-house data analyst who provides in-depth market reports on each of the investment properties, allowing the client to make the correct decision on their new investment and ensuring he will get a significant percentage of their return on investment (ROI).
If you’re dreaming of glamour, you may want to take a step back. Portugal is coated in traditional buildings and historical architecture. Older homes are prone to an array of foundation and structural problems that can cost you plenty.
Solution: Before purchasing this type of property, you should address our After Sales department to assist you with this matter, as the team will make sure to inspect your property before, during and after your purchase to report potential snags and get them solved before you move into.
Portugal is one of the countries with the highest rate of ownership, where over 74% of the population are homeowners.
Opportunity: When the higher classes moved by the sea (Cascais, Estoril and Sintra), the heart of Lisbon was left to the lowest classes, especially to poor pensioners living on frozen rents. The buildings began to rot but in the past two decades there has been an effort to renovate the old historical center of the city. As the most elderly population dies, younger investors renovate the houses and discover the charm and the privilege of living in the focal point of the city.
Although you’re liable to fees as a buyer, these vary according to the circumstances. Fees and taxes include:
Stamp duty: Levied at a flat rate.
Property transfer tax - Imposto Municipal sobre Transmissões (IMT): This is calculated on a sliding scale depending on the cost of the home.
Notary and land registry fees.
If you’re buying a house in Portugal through the Golden visa programme, use our Calculator to estimate the property buying cost, the legal fees and government fees.
The purchasing process in Portugal isn’t that complex, and requires the following documents:
About Portugal Homes
PortugalHomes.com specializes in investments through Real Estate and Golden Visa. We help buyers find the right property overseas, whether it be for Golden Visa, NHR, 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 Representatives, Currency Exchange, Mortgage Advisors, Property Management, Rental 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.
A Portugal Homes possui profissionais muito experientes e conhecedores, que trabalham com alguns dos promotores mais reconhecidos em Portugal . A nossa vasta experiência permite-nos guiá-lo pelas melhores opções de investimento.
Seja casa de férias ou uma propriedade para investimento, selecionamos as melhores propriedades para o seu perfil e tratamos de todo o processo do início ao fim. Mesmo após a venda! Os nossos serviços de pós-venda assumem a responsabilidade de mobilar a seu gosto, manter a propriedade na sua ausência, dar apoio ao arrendamento, no caso de querer arrendar e muito mais!
Para saber mais sobre Residentes Não Habituais em Portugal e sobre os nossos serviços pós-venda, preencha o formulário abaixo.
É fantástico como o Ryan tinha um conhecimento completo sobre Lisboa e nos tratou da melhor maneira.Akbar Ali - Investidor do Paquistão
Ryan é muito profissional, mas também amigável e conhecedor do mercado Golden Visa. Também se mostrou flexível, pois, com um curto aviso prévio, viajou do Algarve para me se reunir comigo em Lisboa e substituir 1 colega.Investir do Reino Unido
A Portugal Homes fez um excelente trabalho mantendo-me atualizado sobre o progresso da compra da minha nova casa, fornecendo relatórios regulares e abrangentes. Isto ajudou-me a aliviar a ansiedade sobre a compra de uma casa durante a pandemia.Investidor dos EUA
Embora através do Zoom, estabelecemos uma grande confiança na integridade do George. [Foi] importante para nós ter confiança na capacidade do staff em se sentir alinhados em visões.Donald Collie de Austrália
O processo foi bastante rápido e claro. Obtive toda a informação que precisava na primeira hora de conversa. A experiência foi perfeita.Tomoko Inoue do Japão
Overwhelming. Luisa has exceeded our expectations on all levels. Trust was established immediately. Enhanced by super friendly professionalism. The networks to banks, accountants, lawyers was seamless. there is not enough space here to write all the positives, enough to say we are making an offer and we only arrived 4 days ago. Its impossible to improve from perfection!John Mulroe and Wiebke Bock