Why Buy Property in Portugal
There are many different reasons for buying property in Portugal today. There are those that are looking for a home to live in and raise their families, those who are looking for a vacation or retirement home in the sun that they can use when the weather is wintry at home and there are those that are interested in buying investment property that they will sell to the first two groups at a profit.
The Investment Buyer
What type of home are they going to buy? Typically the investment buyer will be looking for property in Portugal that they can use a rental property. This property will stay occupied for as much of the year as possible and provide a significant year round income. These properties will be located close to major resort towns where tourists want to spend their time.
Near the Beach
The best units are those that are located as close to the beaches as possible. These are generally the ones with the highest occupancy ratings. Holiday rental homes should be located in areas where publice transport is readily available. The investor may also want to take into account the needs of the elderly or handicapped client. An up and coming area, proven for excellent returns is Comporta in Portugal.
The investor whose rental property in Portugal is suited to these demographics is all but assured of steady occupancy. For the family that is looking for a new home, several other factors come into play. These factors, can significantly affect their buying decision regarding property in Portugal. If they have children, the choice must include access to quality international schools. Many of the international schools teach a syllabus that is based on those approved by Cambridge or Oxford and all classes are conducted in English. This is largely due to the exceptionally high number of British Expats living in Portugal.
Large expat communities will be found in Cascais, Lisbon and the Algarve. The largest communities are English, French and Brazillian.
Any realtor who is selling property in Portugal should be able to answer questions regarding schools, banks and shopping as well as local custom. They should also be able to help you with taxes and deed transfers to make sure that you entire buying experience is as smooth as possible. You may even find that many of these realtors offer property management services if you are investing in rental properties.
Living Portugal Property
If you are interested in buying property in Portugal, to live in, or as an investment you should contact Living Property Portugal.
With forty years of experience in the industry and access to over 200 real estate affiliates, Living Property Portugal will work tirelessly to help you find the right property in Portugal, on time and within budget.
Why you should buy property in Portugal. Living Property Portugal are able to source luxury homes, farm land, plots, and commercial property, throughout Portugal including the major cities, countryside and coastal areas.