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 ***
Alfeizerao
This is a wonderful character property, very well priced and presented. A typical Portuguese villa with private swimming pool, 2 chalets ideal for renting out, superb countryside views, double garage and tranquil terraces. Ref:AV1962

94m² 2 2 Private
210,000

Silver Coast

*** Featured ***
Serra Do Bouro
Stylish single storey 4 bedroom villa ideally located in Serra de Bouro, Caldas da Rainha, only 5 minutes from the amazing Silver Coast beaches with private swimming pool and extensive terraces and just 45 minutes from Lisbon. Ref:AV1954

4 2 Private
338,000

Lisbon

*** Featured ***
Cascais
Superb 3 bedroom apartment in a small luxury condominium with communal swimming pool and landscaped gardens located in the heart of Cascais with garage space for 3 cars. It is built to a high specification with luxury finishes, has spacious bright and airy accommodation and 4 bathrooms. Ref:AAM149

160m² 3 4 Communal
1,385,000

Silver Coast

*** New ***
Foz do Arelho
Spectacular building plot overlooking the stunning lagoon and sea at Foz do Arelho. Large plot with 5,805 square metres. Ref:AP246

450,000

Silver Coast

*** New ***
Foz do Arelho
Contemporary off plan 3 bedroom villa located minutes from the magnificent beaches of Foz do Arelho with its own private swimming pool and landscaped gardens and only 45 minutes from Lisbon. Potential buyers can chose their own finishes. Ref:AV1961

3 2 Private
254,000

Silver Coast

*** New ***
Nadadouro
Contemporary single storey 3 bedroom villa with private swimming pool in Nadadouro, a few minutes away from Foz do Arelho and its stunning beach and lagoon and the town of Caldas da Rainha. Set in a plot with landscaped gardens only 45 minutes from Lisbon. Ref:AV1955

3 2 Private
315,000

Silver Coast

*** New ***
Caldas da Rainha
Magnificent luxury 4 bedroom villa set in an exceptional location in Caldas da Rainha, with private swimming pool, close to the beach and all amenities. This superb single storey property has bright and airy spacious accommodation and is excellently presented. Ref:AV1957

4 4 Private
645,000

Silver Coast

*** New ***
Caldas da Rainha
NEW single storey 3 bedroom villa ideally located in Serra de Bouro, Caldas da Rainha, 5 minutes from the amazing Silver Coast beaches with private swimming pool and extensive terraces. It will be built to a high specification and the buyer has an option to choose finishes. Ref:AV1953

3 2 Private
298,000

Silver Coast

*** New ***
Caldas da Rainha
Private 7 bedroom villa constructed to a high specification, in a large plot, on the edge of a quaint village near Caldas da Rainha with large garage. This country home is spacious and could serve as a potential bed and breakfast investment, has 5 bathrooms and many unique features. Ref:AV1952

7 5 none
325,000

Silver Coast

*** New ***
Alcobaca
Traditional style 3 bedroom villa set in a quiet area of Alcobaca, minutes from the amazing beach of Sao Martinho do Porto with private swimming pool (soon to be completed) and gardens, a vegetable plot, small yard and fully walled garden. Ref:AV1950

3 3 Private
235,000

Silver Coast

*** New ***
Sao Martinho do Porto
Plot of land available with potential to build a 342 square metres property, located in the countryside, in a quiet peaceful location with good amenities. Ref:AP245

55,000

Central Algarve

*** New ***
Quinta Do Lago
Two bedroom townhouse in Quinta do Lago with superb frontline golf views. Probably the best location within this golf front condominium which has superb facilities. This is an ideal property as a lock up and leave holiday home with benefit of rental income if required. Ref:MV20512

2 2 Communal
375,000