Important information sourced by Living Portugal Property on working, moving or living in Portugal from the British and Portuguese Governments, the European Union and authoritative sites. This information on living in Portugal, covers the Golden Visa Residency Programme, the Tax Regime for Non-Habitual Residents, Tax Exemptions for Retired Persons, the rules on moving, working and living in Portugal with general information on what the country has to offer the Portuguese property buyer.
The buying process
Buying real estate in Portugal is really quite straightforward; once you have identified the property you wish to buy, you simply make an offer. You can make your offer subject to certain conditions and once accepted, you will then sign the Promissory / Purchase Contract preferably with your lawyer or at a Notary's office.
Use the services of a lawyer throughout the purchasing process who will assist you will all aspects of the purchase and make sure that the legal documentation is correct and matches with what you intend to buy.
The normal contractual obligations of an intended purchase in Portugal will mean that you will forfeit your deposit if you pull out of the contract and the seller will need to double your deposit if they do the same.
Prior to closing you will need
A Portuguese Fiscal number which may be obtained from the local tax office which your lawyer may obtain on your behalf, and to pay the purchase taxes prior to closing the contract which will be concluded at a Notary's office. You should account for an additional 8% to 10% on top of the purchase price for Purchase taxes, legal fees and notary charges.
Make sure you read the following articles on buying property in Portugal, as they are guaranteed to save you thousands of Euro's and ascertain that you have made the right purchasing decision.
Why buy property in Portugal
Portuguese real estate is still quite affordable when compared to most areas of Europe, whilst easy access to Lisbon, Porto and Algarve Airports makes Portugal a simple jaunt from many international destinations. Portugal has a moderate climate including three hundred days of sun, stunning scenery, a pristine coastline and generally good quality properties for sale offered throughout the country to include both affordable and luxury houses. Portugal boasts a favourable tax regime for new residents and property buyers with investment properties at fair market values which can offer the home buyer or investor excellent returns both through equity growth and annual returns with some investments offering six percent per annum or more.
Where to buy your ideal home
Lisbon, is currently "on fire" (2017) due to the influx of many buyers from the European capitals, who are searching for a more favourable tax regime, better priced properties and generally excitement, culture, entertainment and the facilities that a this beautiful European capital offers both buyers and visitors alike. Often many clients are astounded that you can still purchase one of the worlds best coffees for less than one Euro.
The Algarve which only a few years ago had seen a decrease in property values due to the financial collapse of 2008 is back in vogue as many foreign buyers have arrived to the conclusion that this part of the country offers affordably priced homes for sale in Portugal, a warm sea, excellent golf courses and many full-time foreign residents to call ones neighbour. Luxury estate areas like Quinta do Lago and Vale do Lobo are well desired destinations, boasting facilities which in standard terms are well above the norm'.
The Silver Coast is a destination for golfers, surfers and for those who perhaps prefer a more moderate climate than the Algarve. Due to the fact that the Silver Coast is only slightly north of Lisbon it also makes for easy arrival from the capital with agreeable properties within golf course resorts, probably being that little more affordable than most in the Algarve and certainly those around Lisbon, located either in the much favoured Cascais or Estoril.
The Douro region for many centuries has attracted the foreign investor and resident due to its climate, soil quality and probably the best Portuguese wine as well as of course Port. To boot, The Douro region is also stunningly beautiful, especially around the River Douro with old family estates and vineyards abound.
Northern Portugal, which many people have compared to the United Kingdom in relation to its greenery and climate, offers the more affordable home and boasts Portugal's second city Porto, which many say, has as much to offer as Lisbon. Porto is a great second home or primary residence destination due to the fact that your Pound, Dollar or Euro, goes that little further.
Alentejo which is stunningly beautiful and covers almost one third of Portugal's land mass offers either countryside or coastal areas which provides the Portuguese property buyer with the choice between, country estates, farms, or agricultural land for commercial activities, and shabby chic beach cabanas or luxurious modern homes by the coast.
Comporta is a small coastal village located along the Alentejo Coast within the districts of both Grandola and Alcacer do Sal and is predicted to be one of the hottest property areas in southern Europe over the next fifteen to twenty years, due to its potential for low density, high quality development.
Melides now comes under the radar of Comporta and offers small country estate homes and properties some with distant sea views and family dwellings within the quaint village. Melides is less snobbish than Comporta and offers undulating lands with character which are mainly covered by either pine or cork trees.
Muda also forms part of the larger Comporta area and is the near beach country estate area with many luxury houses and properties which are owned both by the Portuguese and foreign buyers in the know. Due to the demand, it is quite difficult to find a suitable property to buy in Muda.
Why buy real estate in Alentejo
Alentejo stretches south of Lisbon to the tip of the Algarve and offers all types of properties at affordable prices. Comporta and Melides which are coastal towns are seeing huge increases in buyer interest with sea view homes, golf villas, building plots and country estates. These areas also provide gorgeous white sandy beaches, traditional villages and a stunning nature reserve on the Sado Estuary which has two hundred bird species visiting annually.
The Serra da Arrabida Nature Reserve is an awesome backdrop to indulge you with the extraordinary gastronomy served along the Alentejo coast with fine red or chilled white wines. The Alentejo region attracts buyers who are living in Portugal throughout the year and has become a preferred second home destination for many Europeans. Check out our listings in Alentejo at the top of the page for quality and affordable real estate in Portugal.
Alentejo Coast. Comporta, which we have already mentioned lies along the Alentejo Coast is one of our favourite destinations and still "off the radar" to the majority of Portuguese property buyers. Comporta offers beach properties, luxury real estate, large country estates and typical village homes. Comporta is not your typical Portuguese destination and therefore you should be prepared to see a vast contrast within areas and property types. It is however, a stunning part of the country with some fifty kilometres of pristine beaches and coastline, set within a nature and agricultural reserve, with a very low population density and an even smaller construction footprint.
If you have decided to live and maybe work in Portugal and are searching for a large tract of land or farm for commercial purposes, tourism or just as your homestead, then the Alentejo region would be a good place to kick start your research. Alentejo was once referred to as the bread basket of Portugal because of it's agricultural heritage and provides an abundance of land, farms and country residences for sale. If it doesn't make any difference as to whether you live by the coast or further inland, then ninety percent of the time you'll find a less expensive estate the deeper you are located within the countryside.
How to build a new home
If you have decided to purchase a parcel of land in Portugal in order to build a new home or for a specific project, then make sure that prior to purchasing your land, that you either have full planning permission, or outline planning permission from the local authorities and be sure to have this permission in writing.
Generally, you will require the following
A licensed architect to produce the required property drawings and for submission of such to the local planning authority and an engineer for the speciality (Electricity, plumbing, structural, etc) drawings and construction supervision. You may hire an independent consultant to report on the construction works being carried out by your licensed construction company who should in all instances have a solid reputation.
If in doubt, ask first before it's too late
You may choose independent companies for all of the services you require and are not obliged to use your architect's construction company as some believe. Living Portugal Property can assist you by recommending suitable companies, with no job too big or small.
Investment homes for sale
Portuguese real estate has much to offer the investor or home purchaser with savvy buyers investing anywhere between twenty thousand and many millions of Euro's. Buying real estate in Portugal is worth serious consideration for investors who are cash liquid, as opportunities for affordable or unique homes are abound.
Luxury or unique properties are normally sold at fair market value, except in cases where the seller desperately needs to sell, whilst the current housing market is stabilising and offering increased values in some higher demand areas. The country provides a safe haven for the real estate buyer, is a beautiful place to live, still affordable to a large degree and a great place to enjoy oneself without breaking the bank or emptying the retirement fund.
Land sale Portugal
A varied selection of available properties including existing businesses and land for agriculture, tourism, commercial activities or residential building plots and ruins. Remember when buying raw land in Portugal it is imperative that you check the planning status of what can be built prior to you signing the Purchase Contract (CPCV) or have a clause written in to the contract that makes the sale, "subject to."
The majority of our Portuguese apartments are located in Lisbon and Northern Portugal around Porto and due to the demand in the last couple of years, mainly from French buyers, prices of apartments in these areas for the most part have increased significantly. When buying an apartment in Portugal make sure that your lawyer checks the documents thoroughly to ensure that the areas on the legal documents are the same as "what you see" and that you fully understand the condominium rules where applicable.
Marina apartments, sea view houses and residential building plots, beach villas, golf course properties and village homes along the stunningly beautiful Alentejo Coast in Comporta and Troia. Ask for details
Buyers searching for Properties
Land within one hour from Lisbon airport with beautiful landscape and if possible a sea view. Ability to build a single family home of 300 sq.m. or more. Would consider building two family homes on a larger plot or purchase two parcels together. Budget €600,000
Land or building plot around Comporta or Melides with sea view or beach access to construct a house of 500 sq.m. Budget €700,000
An existing new home or for renovation around Carvalhal village or Pego beach. Budget €450,000
A small house between Comporta and Melides. Budget €200,000
An existing property of around 300 sq.m. with some land and great environment near Comporta. Budget €400,000
Land for an ecological tourist resort on the north Litoral Alentejo coast. Ability to construct 12 cabanas or more. Budget €500,000
Small building plot of around 200 sq.m. with the possibility to build a four bedroom home or an existing property in a private environment. Budget €300,000
Looking for two properties, one to qualify for the Golden Visa Programme and a small weekend family vacation property. Budget for both €1,000,000 plus
Family home with four or five bedrooms with land and sea views in the hills or surrounding area of Melides. Budget €700,000
A large modern family home of at least 500 sq.m. with six bedrooms and at least 10 hectares of land within a stunning environment in Muda, Comporta. Budget €2,000,000
Realtively close to the beach, able to occupy all year round and fitting well within the environment. Preferably in Brejos Baixo, Comporta and could include buying land with permission to build. Budget €800,000
Land banking approximate to Comporta for investors including pre-approved large agricultural plots with existing "PIP" or agricultural land for tourist village through 2 years lobbying. Budget, relative to property on offer
How to sell your home
Selling property with Living Portugal Property couldn't be easier.
When writing about your home, remember none of your potential buyers have physically visited or viewed your property and it is therefore essential that you make your description as complete as possible. It may even be more important to note that because buyers see your photographs first, you must make sure they are great and highlight or all of the best aspects about your property. You should also check that your legal documentation is correct and up to date. Once you have prepared all of the above, simply email Living Portugal Property your documentation, description and photographs and under normal circumstances we will have your home for sale and on line within 48 hours.
Reading the following articles will ensure that you and your real estate agent are a solid team and that in all likelihood, you will sell your home quicker and for a better price.
The latest real estate listings from Living Portugal Property that have been put up for sale or rent including land, apartments, and homes for Sale in Portugal.
Please remember, when searching for your ideal property in Portugal, many clients for a variety of reasons prefer not to list their home publicly for sale. Therefore if you have a specific requirement or particular style of home that is not listed for sale on the Living Portugal Property website, simply get in touch by phone or use the email link below.