Buy in Portugal

Investing in property within Portugal comes with its own unique benefits. There are several good reasons to buy in Portugal such as the beautiful landscape and great weather, but some lesser known benefits include low cost of living and tax breaks for retirees especially with private pensions.

Portugal's Property Market

Portugal's property market has remained stable over recent years and the country's economy has recently seen a resurgence, so investing in property within the country is undoubtedly a good move financially. Whilst Portugal has long been a favourite with the British, it is now proving to be popular with many other Europeans.

Portugal's Non Habitual Tax Resident Scheme

Possibly one of the country's best kept secrets, The Non Habitual Tax Resident Scheme (NHR for short), is a scheme devised by the country's government to attract temporary and permanent residents to the country.

The NHR regime allows for someone with a private pension to be considered eligible to avoid tax, making this scheme ideal for those seeking to retire to Portugal.

This scheme is one of the reasons why Portugal is becoming so popular with not only British citizens but other European countries in particular Sweden, Germany, Belgium, France, Finland and Italy. Click for more information.

Did you know about the Portuguese Golden Residence Permit Program?

Now, non-EU citizens can look forward to fast-track immigration to Portugal, thanks to this new program. This special residence permit, also called Golden Visa, will be offered to investors, who fulfil certain conditions. Click for more information.

Mortgages in Portugal

The low mortgage rates within Portugal are a huge part of the appeal for foreigners looking to move to the country.

If you wish to purchase your dream home in Portugal and require a mortgage, these are offered by all the major Portuguese lenders to private individuals purchasing a property with a habitation license.

The banks offer loan terms of up to 50 years for residents and 30 years for non-residents. The maximum age upon maturity of the loan is 70 or 80, depending on the lender.

The maximum borrowing for non-residents is 70% of the purchase price/valuation price, again depending on the lender.

Buying Costs in Portugal

The cost of buying a property in Portugal comprises of the purchase price and closing costs. These costs include your lawyer's fees, transfer tax, stamp duty, notary & deed fees. They should not exceed 8 percent of the purchase price. The buyer does not pay any estate agent fees - the seller pays this.

The Purchase Process

Once you have decided to buy in Portugal you should find a lawyer (advogado) or solicitor (solicitador) to look after your interests in the purchase process. In Portugal there are many that speak English.

There are two stages to the buying process. The first is the Promissory Contract between buyer and seller. This is a legally binding contract, prepared by your lawyer.

The deposit is agreed between seller and buyer but is typically between 10-20 percent of the purchase price.

Once the Promissory Contract has been signed and deposit paid, should the seller pull out of the sale, he/she is required by law to repay twice the deposit amount to the buyer. Should the buyer default they would lose their deposit.

The second part of the transaction is the final deed (Escritura), this is the point at which the property ownership is transferred to the buyer. As with the promissory contract, it is signed in front of the notary. (insert link on buying in Portugal)

Contact Buy Portugal for Further Information About Buying in Portugal

For any further information and advice regarding buying in Portugal, contact Buy Portugal today on: 01925 414422

Our team are ready to help and advise you on buying and selling property within Portugal.

New and Featured Properties

Silver Coast

*** Featured ***
Caldas da Rainha
Very well presented detached house with large private swimming pool and garage. Located less than 1 hour from Lisbon in a village close to the main town of Caldas da Rainha. Set in lovely mature gardens with a water well for irrigation, driveway with plenty of parking and terrace space. Ref:AV2129

244m² 3 4 Private
320,000

Silver Coast

*** Featured ***
Lourinha
2 Minutes walk to the beach! Beautiful ground floor apartment within a private condominium with garden and swimming pool. Located on the outskirts of Areia Branca and Lourinha, 50 minutes from the airport, few minutes walk to the beach and close to shops. Large balcony with superb view. Ref:AA366

96m² 2 2 Communal
187,500

Silver Coast

*** Featured ***
Alcobaca
Detached single storey villa in Evora de Alcobaca, just minutes from the town of Alcobaca, shops and beaches. This is a fabulous setting, surrounded by nature and with superb views of Candeeiros Mountains and countryside. It has a private swimming pool, garage and large garden. Ref:AV2127

245m² 3 1 Private
390,000

Silver Coast

*** New ***
Obidos
Large plot of land, ideal for construction of a hotel or a development of villas. In a very good location in Obidos, next to the historic castle and 80 kms from Lisbon with great motorway access. Ref:ASP007

900,000

Silver Coast

*** New ***
Caldas da Rainha
Plot of land with approval to build a detached villa. The design of the villa has been approved and building can be started immediately. Located in Infantes, Salir de Matos with superb countryside views. Ref:AP266

none
79,000

Porto

*** New ***
Vila Nova de Gaia
PLOT for sale with distant sea views, 10 minutes from Porto. Build your own villa with large part covered terrace, luxury kitchen, customise your finishes. The price includes plot, deed, project architecture and project management. Ref:ASP215C

315,250

Porto

*** New ***
Vila Nova de Gaia
Plot for sale. Distant sea views, 10 minutes from Porto, great location. Build your own villa. The price includes plot, deed, project architecture and project management. Ref:ASP215B

365,250

Central Algarve

*** New ***
Santa Barbara de Nexe
Extensive plot of land, planning permission for 2 unique villas in a tranquil, peaceful location with panoramic countryside and sea views, 20 minutes from Vilamoura and 15 minutes to Faro, sought after area, viewing essential, elevated position. Ref:PP3202

600,000

Silver Coast

*** New ***
Nadadouro
Overlooking Obidos Lagoon. Build your own villa in a very desirable area of the Silver Coast. A short walk from Foz do Arelho which has a cafe, restaurant and mini market and a 5 minute drive into the main town of Caldas da Rainha. Lisbon aIrport is 45 minutes away. Ref:AP265

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390,000

Central Algarve

*** New ***
Santa Barbara de Nexe
Low maintenance contemporary villa close to all amenities. Fully renovated and ready to move in to. Beautifully presented with 4 en suite bedrooms, large open plan living room and a fully landscaped garden with mature trees and private swimming pool. Ref:RV5449

4 3 Private
635,000

Silver Coast

*** New ***
Bombarral
Private plot for sale. Located near Bombarral and only 45 minutes from Lisbon and the international airport. The plot is south facing with delightful views of the surrounding countryside. Approval to build a 3 bedroom villa with swimming pool. Ref:AP264

none
65,000

Lisbon

*** New ***
Cascais
Plot of land, countryside location, popular area of Birre in Lisbon, close to golf courses, 1000 metres from the sea, approved project for modern detached villa with swimming pool, close to amenities, good investment opportunity. Ref:API361

1,100,000