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
New villas, 2 available, under construction, good location close to the centre of Caldas da Rainha,garage, 4 balconies, 3 bedrooms, 2 bathrooms, 45 minutes to Lisbon, modern design with garden, quiet area. Ref:AV2064

243m² 3 2 none
249,000

Central Algarve

*** Featured ***
Almancil
Dunas Douradas Resort, within 30 minutes of Faro airport, private swimming pool, well presented, 1 km from the beach, garden, master bedroom with en suite, good resort facilities. Ref:PV3511

87m² 2 2 Private
485,000

Western Algarve

*** Featured ***
Lagos
Impressive villa can be used as a main house or 3 individual apartments, heated private swimming pool, air conditioning, built in barbecue, fully renovated, furnished, nicely presented, roof top terrace. Ref:GV583

582m² 6 5 Private
595,000

Silver Coast

*** New ***
Caldas da Rainha
Superb location, view of Obidos lagoon, good investment, overlooking town, large plot, build one or several villas, 20 minutes to golf courses, 45 minutes to Lisbon, 10 minutes to beach. Ref:AP253

none
239,000

Lisbon

*** New ***
Lisbon
Five storey building, vacant, require renovation, great investment opportunity, good roof top views, quaint street location, close to all amenities. Ref: AMV13526

none
750,000

Lisbon

*** New ***
Cascais
Substantial plot, large construction area, investment opportunity, countryside views, close to the A5, quiet residential area, permission for 2,500 square metre build, close to the centre. Ref:AMP12864

none
4,800,000

Silver Coast

*** New ***
Caldas da Rainha
A rare opportunity to purchase a property that has several options to develop and improve, 15 Hectares of land. The property can be sold as one or the owner will split the land, please contact us for more information, 45 minutes from Lisbon. Ref:AV2062

4 4 none
845,000

Lisbon

*** New ***
Amadora
Land opportunity in Amadora, plot of urban land suitable for housing, student residence, commercial or a combination. Ref:AMP13406

3,500,000

Lisbon

*** New ***
Cascais
Fantastic opportunity, large plot, centrally located, housing construction 320m, sea views, close to the beach, quiet setting, close to A5 and motorways, great potential. Ref:AMP13281

800,000

Lisbon

*** New ***
Lisbon
Block of luxury apartments for sale, located in Baixa Pombalina in the heart of Lisbon, quaint elevated avenue, high specification, ideal rental investment. Ref:AAI344

3 2
1,500,000

Silver Coast

*** New ***
Alfeizerao
Village location, walking distance to shops, cafes, pharmacy, furniture included in the price, ground floor, private parking, 2 double bedrooms with fitted wardrobes, 45 minutes to Lisbon. Ref:AA359

2 1 none
99,000

Lisbon

*** New ***
Cascais
Modern stylish villa, located in the heart of Cascais, fully refurbished to a high standard, 5 en-suite bedrooms, extensive terraces, multipurpose room, laundry, parking for 2 cars, landscaped garden. Ref:AVI342

5 5 none
2,600,000