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?
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Published: 6th December 2019, 10:51am

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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Comprar uma propriedade em Portugall

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