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

Lisbon

*** Featured ***
Lisbon
Golden Visa Property! New apartments in a premium location in the heart of Lisbon. Range of studio - 4 bedrooms available. Apartments will have central heating and air conditioning. Building will have a lift, garage parking, gymnasium, swimming pool and Wi-Fi. Available to reserve now. Ref:ASA065

45m² 1 1 Communal
350,000

Lisbon

*** Featured ***
Setubal
Golden Visa Property! New luxury development in Alcacer do Sal - 1 hour from Lisbon. Last few units remaining. Due to be completed in 2021, it will have 24 hour security, superb on site facilities including swimming pool, gymnasium and restaurant. Ref:ASA090

98m² 2 2 Communal
290,000

Silver Coast

*** Featured ***
Obidos
Modern detached villa in a quiet area 5 minutes from Obidos. The villa is not overlooked and has lovely views of the countryside. It has space for a private swimming pool if required. Lisbon and the airport are less than a 1 hour drive. A good location. Ref:AV2104

250m² 3 3 none
245,000

Central Algarve

*** New ***
Estoi
Private and peaceful setting, good views, lots of character, close to amenities, electric gates and plenty of parking, 1 bedroom annexe, paddock area, well presented, renovated farmhouse, large store rooms, large country kitchen with log burner. Ref:RV5448

5 4 Private
449,500

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

Western Algarve

*** New ***
Lagos
Build your own luxury villa. Large south facing plot, Palmares 5 star golf resort, building project can be altered to match your needs and requirements. Renowned architect Mario Martins. Superb setting and location. Ref:GP613

none
1,320,000

Silver Coast

*** New ***
Nadadouro
Plot with approval to build, stunning views of the lagoon and very close to the highly sought after village of Foz do Arelho. You can also buy the property with the build included and finished for 720,000, see property reference AV2094. A 45 minute drive from Lisbon. Ref:AP263

250,000

Silver Coast

*** New ***
Nadadouro
Plot with stunning views of Obidos lagoon. there is approval to build a 4 bedroom 4 bathroom contemporary villa with a private swimming pool and garage. Option to buy the plot with finished villa for 790,000, see property reference AV2093. Plot size is 2,000 square metres. Ref:AP262

none
300,000

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

540,000

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