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 ***
Obidos
Very large villa in Bom Sucesso, heart of Obidos Lagoon. Finished to a high standard and with many extras and good attention to detail. Two gardens with automatic irrigation, huge 12 car garage, en suite bedroom, laundry room, built in wardrobes, 45 minutes to Lisbon. Ref:AV2092

480m² 4 3 none
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Western Algarve

*** Featured ***
Bensafrim
Private swimming pool, superb countryside views, large attic room with private balcony, feature fireplace, close to golf course, tranquil setting, sought after location, close to the beach, beautifully presented, al fresco covered terrace. Ref:GV607

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Central Algarve

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Loule
Single storey villa, large roof terrace, private pool, air conditioning, lovely barbecue area, driveway, tranquil location, countryside views, marble flooring, master bedroom with en suite, covered terrace and barbecue area, garden, ample storage. Ref:PV3557

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Western Algarve

*** New ***
Praia da Luz
200 metres from Burgau beach. Fantastic opportunity to build your own dream holiday home, four plots of land available, all south facing, overlooking the sea, quiet setting, prime location, 1 hour to Faro airport, various sizes to choose from. Ref:GP062

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Central Algarve

*** New ***
Vale do Lobo
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Silver Coast

*** New ***
Foz do Arelho
Prime investment opportunity, magnificent countryside views, located between Foz do Arelho and Caldas da Rainha, large enough to build four villas, less than 1 hour to Lisbon and the airport, a short drive to the beach and all amenities. Ref:AP261

160,000

Silver Coast

*** New ***
Foz do Arelho
Sought after and popular location, walking distance to the beach, under 1 hour to Lisbon and the airport, close to all amenities, countryside and village views, plans can be approved to buyer's specification, great investment opportunity. Ref:AP260

none
165,000

Silver Coast

*** New ***
Nadadouro
Plot of land with approval and drawings for a stunning villa, prime location in Nadadouro close to Foz do Arelho, close to the Silver Coast Beaches, great investment opportunity, 45 minutes to Lisbon, great potential, golf courses nearby, close to all amenities. Ref:AP259

60,000

Silver Coast

*** New ***
Caldas da Rainha
Fantastic opportunity, rural position, great potential, large enough for 2-3 properties, tranquil area, 45 minutes from Lisbon, close to the beach, set in a quiet village, close to the Silver Coast, build your own villa, short drive into Caldas da Rainha. Ref:AP258

none
160,000

Silver Coast

*** New ***
Foz do Arelho
Views over the stunning lagoon in Foz do Arelho, outline planning permission already granted, build your dream home, walking distance to the beach, prestigious location, 10 minutes from the busy town of Caldas da Rainha, 45 minutes from the capital city of Lisbon and the airport. Ref:AP257

none
390,000

Western Algarve

*** New ***
Lagos
Villa with studio apartment, south facing, corner plot, private swimming pool, custom built property, central heating, solar panels, roof terrace, air conditioning, large car port, basement to convert, 2 independent entrance's, good outdoor space, well presented. Ref:GV604

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Silver Coast

*** New ***
Lourinha
Plot of land with substantial stone ruin, potential to build a 4 bedroom villa with room for private swimming pool, close to the Silver Coast beaches, south facing, in Reguengo Grande, 40 minutes from Lisbon,15 minutes from Obidos, countryside setting, good opportunity. Ref:AP256

63,000