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
Single storey contemporary villa located in the traditional village of Mouraria (Salir do Porto), in a peaceful location, with a rural environment, but within walking distance of the popular town of Caldas da Rainha. Double garage, private pool, garden and barbecue. Ref:AV2231

258m² 4 3 Private
640,000

Silver Coast

*** Featured ***
Reguengo Grande
Single storey villa, a short walk to the village of Reguengo Grande offering good local amenities including cafes, shops and restaurants. This spacious home has a private pool, 3 double bedrooms, garage and driveway and is in an elevated position overlooking the countryside. Ref:AV2200

140m² 3 3 Private
375,000

Western Algarve

*** Featured ***
Praia da Luz
Magnificent, superior 5-8 bedroom villa set in a quiet residential area of Praia da Luz with both indoor and outdoor swimming pools, amazing terraces with al fresco dining area and lovely countryside views. Ref:GV563

742m² 5 5 Private
2,250,000

Silver Coast

*** New ***
Foz do Arelho
Plot of land with views of Obidos lagoon! This is a sought after location, walking distance of Foz do Arelho beach and the lagoon. There is the possibility to build a villa. Good restaurants, shops and amenities are close by. Lisbon is a 45 minute drive away. Ref:AP274

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299,900

Silver Coast

*** New ***
Foz do Arelho
Prime plot of land walking distance to Foz do Arelho beach and Obidos lagoon. Lisbon and the airport are just a 45 minute drive. This plot has some views of the lagoon and the possibility to build a villa. Good restaurants, shops and amenities are close by. Ref:AP273

none
299,900

Silver Coast

*** New ***
Tornada
Build your own villa! Plots of land ready for construction of your own detached villa. In a great location, 10 minutes from the beach and less than 1 hour from Lisbon and the airport. Over 50% already sold. Various plot sizes available. Ref:AP272

53,000

Silver Coast

*** New ***
Bombarral
Plot of land with pre-approval for a villa with swimming pool. Located near a village and only 10 minutes from Bombarral. The plot is 13,040 square metres with an existing ruin and with great countryside views. There is electricity and water next to the plot. Ref:AP271

170,000

Central Algarve

*** New ***
Loule
BUILDING PLOT. 5 minutes to Loule and Almancil town. In a quiet area but close to amenities. Approval granted to build a 4 bedroom detached modern villa with private swimming pool and triple garage. Construction can begin immediately. Ref:PP3716

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390,000

Central Algarve

*** New ***
Vale do Lobo
Plot of land next to Vale do Lobo golf resort. Private and tranquil setting, 500 metres from Garrao sandy beach. Either build a detached villa or 4 linked villas. It is south facing and has a sea view. Build the house of your dreams. Ref:PP3678

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3,995,000

Silver Coast

*** New ***
Nadadouro
Large plot 50 metres from Obidos lagoon. In a stunning nature setting in Nadadouro close to Foz do Arelho. Permission has been granted to build a property. The plot has good access via a tarmac road. The main town of Caldas da Rainha is 5 minutes away. Ref:AP270

395,000

Silver Coast

*** New ***
Foz do Arelho
Build your own villa. Good countryside elevated location with far reaching views, most sought after location of Foz do Arelho, less than 1 hour from Lisbon airport, close to the beach and lagoon. Two plots available. Good views over the village. Ref:AP268

195,000

Western Algarve

*** New ***
Lagos
Extensive plot of land, permission for restoration of two existing ruins plus 2 new villas. This is a magnificent location, 2 minutes drive from Lagos, overlooking the beach. An investment opportunity not to be missed. 4km from golf courses, plots can be sold separately. Ref:GP024

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3,500,000