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

Central Algarve

*** Featured ***
Almancil
This spacious property is set within a good tranquil area of Almancil, surrounded by nature but yet close to all amenities and everything the Golden Triangle has to offer. With heated salt water pool, double garage, hot tub and more. Ref:PV3447

450m² 3 3 Private
925,000

Silver Coast

*** Featured ***
Sao Martinho do Porto
SOLD FURNISHED. Luxury townhouse in a sought after gated development in the village of Salir do Porto, within walking distance of the beach and excellent amenities. A well maintained development with a beautiful swimming pool with far reaching views over the bay. Ref:AV1995

200m² 3 3
259,500

Western Algarve

*** Featured ***
Burgau
Desirable spacious 4 bedroom villa located in a quiet residential area of Burgau, with spectacular sea views and private heated swimming pool, set in low maintenance gardens, sold fully furnished and enjoying south-facing terraces. Ref:GV578

319m² 4 4 Private
865,000

Silver Coast

*** New ***
Obidos
Single storey 4 bedroom villa set in beautiful mature landscaped gardens and terraces, in an open condominium of only 8 villas. 45 minutes to Lisbon. Ref:AV1985

4 4 none
375,000

Silver Coast

*** New ***
Caldas da Rainha
Traditional 6 bedroom villa situated between Caldas da Rainha and Nazare, with excellent views of the sea, the Bay of Saint Martin and Nazare beach, set in a large tranquil plot and only 45 minutes from Lisbon. Ref:AV1984

6 4
380,000

Central Algarve

*** New ***
Vilamoura
SOLD FURNISHED. Beautiful and modern townhouse built in a good location, on Victoria Boulevard, near the Tivoli Victoria Hotel in Vilamoura. It features 3 double bedrooms and 4 bathrooms all with underfloor heating. Ref:MV22083

3 4 Communal
495,000

Eastern Algarve

*** New ***
Tavira
This spacious and comfortable villa is set in the heart of Tavira with views of the River Gilao complete with a stunning pool and pool bar entertainment area. This very special villa is in the perfect location and is certainly worth viewing at the earliest opportunity. Ref:MV21704

3 3 Private
799,000

Silver Coast

*** New ***
Foz do Arelho
Exceptional plot of land located in Serra do Bouro, near Foz do Arelho. The plot allows the possibility of the building of a villa up to 400 square metres. This plot is located near Foz do Arelho beach and just 10 minutes from Caldas da Rainha and 45 minutes from Lisbon airport. Ref:AP248

none
85,000

Western Algarve

*** New ***
Lagos
Spectacular plot with breath taking views to the sea and the Ria de Alvor, located in the prestigious Palmares Beach & Golf Resort development in Lagos. Potential to build a 3 bedroom villa, which would be close to the beach and amenities. Ref:APA42

none
1,060,000

Silver Coast

*** New ***
Foz do Arelho
Two plots of land available in a prestigious area of Foz do Arelho with beautiful lagoon views. They are located on the edge of the beach and have a possibility to build a villa. The plots are located 10 minutes from Caldas da Rainha and less than 1 hour from Lisbon. Ref:AP247

285,000

Central Algarve

*** New ***
Vilamoura
Exclusive brand new 2 bedroom apartments (under construction due to be completed late 2019) in a prime location overlooking the Millennium Golf Course in Vilamoura set in beautiful gardens a luxury condominium with stunning communal swimming pool and off road parking. Ref:MA22102

2 2 Communal
317,000

Central Algarve

*** New ***
Quinta Do Lago
A magnificent opportunity to purchase a spectacular building plot of land, in the sought after area of Quinta do Lago overlooking the famous San Lorenzo Golf Course. This generous size plot will allow for a splendid property to be built, in fitting with the surrounding properties. Ref:APA35

3,700,000