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 ***
Foz do Arelho
Views over the stunning lagoon in Foz do Arelho, outline planning permission already granted, build your dream home, walking distance to the beach, prestigious location, 10 minutes from the busy town of Caldas da Rainha, 45 minutes from the capital city of Lisbon and the airport. Ref:AP257

none
390,000

Western Algarve

*** Featured ***
Lagos
Villa with studio apartment, south facing, corner plot, private swimming pool, custom built property, central heating, solar panels, roof terrace, air conditioning, large car port, basement to convert, 2 independent entrance's, good outdoor space, well presented. Ref:GV604

4 5 Private
650,000

Central Algarve

*** Featured ***
Quarteira
New contemporary modern villa, private heated pool, close to the beach and local golf courses, large multi-purpose basement, high specification, air conditioning, solar panels, al fresco dining area, large balconies, quiet location. Ref:PV3584

180m² 3 4 Private
680,000

Silver Coast

*** New ***
Caldas da Rainha
Sizable plot of land with approval and drawings for a stunning villa, prime location, close to the Silver Coast Beaches, great investment opportunity, 45 minutes to Lisbon, great potential, golf courses nearby, close to all amenities. Ref:AP259

none
75,000

Silver Coast

*** New ***
Caldas da Rainha
Fantastic opportunity, rural position, great potential, large enough for 2-3 properties, tranquil area, 45 minutes from Lisbon, close to the beach, set in a quiet village, close to the Silver Coast, build your own villa, short drive into Caldas da Rainha. Ref:AP258

none
160,000

Silver Coast

*** New ***
Lourinha
Plot of land with substantial stone ruin, potential to build a 4 bedroom villa with room for private swimming pool, close to the Silver Coast beaches, south facing, in Reguengo Grande, 40 minutes from Lisbon,15 minutes from Obidos, countryside setting, good opportunity. Ref:AP256

63,000

Silver Coast

*** New ***
Obidos
Fantastic investment opportunity, plots of land ranging from 630 to 1,100 square metres, countryside setting, sought after location, historic village, close to the Silver Coast beaches, just minutes from the lagoon, suitable for one or two storey villa. Prices start at 50,000. Ref:AP255

50,000

Lisbon

*** New ***
Estoril
Substantial plot in Estoril, most exclusive residential area, large enough for the construction of 2 villas, distant sea views, close to the beach and golf courses, south facing, countryside setting. Ref:AMP14134

2,000,000

Lisbon

*** New ***
Cascais
Substantial plot of land, heart of the national park, breath taking sea views, close to the beach and golf courses, good opportunity to build your own villa in a sought after location. Ref:AMP14074

1,550,000

Silver Coast

*** New ***
Foz do Arelho
Plot for sale overlooking Obidos lagoon. Sought after location, outline planning permission granted to build a 500 square metre property, 45 minutes to Lisbon, spectacular plot in Foz do Arelho. Ref:AP254

none
310,000

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

790,000