Portugal has a lot to offer if you’re looking for property for sale in Portugal. Thanks to its warm climate, affordable living, and expat-friendly environment, it’s one of the most sought-after property markets in Europe. Either a house in big cities such as Lisbon and Porto, or in a beach house on the Silver Coast, Portugal caters to a wide range of lifestyles. The bonus is that the properties for sale in Portugal are much more affordable when compared to any other Western European hotspots. You can find all the details about Portugal properties and buying a house in Portugal in this article.
Apart from the natural beauties, the country offers many benefits and advantages to those who are planning to buy house in Portugal.
The Portuguese government offers an attractive tax scheme to its non-habitual residents. The non-habitual resident (NHR) scheme provides newcomers with unique tax incentives for up to 10 years. You’ll be able to pass on your fortune without having to pay gift or inheritance taxes. This advantageous tax system is a compelling incentive to choose Portugal as a destination for your upcoming relocation.
One other highlight of Portugal’s real estate scene is that the property prices are much more affordable than Spain or France. According to Numbeo, prices per square meter in Faro, a famous holiday destination in the Algarve, vary between €400 and €1,000, while it varies from €4,000 to €5,125 in Antibes, a resort town in Cote d’Azur (France). This affordability makes Portugal property ideal for real estate investment.
If you’ve made up your mind about buying Portugal property and searching for Portugal homes for sale, there are some points you need to consider before the acquisition.
This is an important question you’ll need to answer before you start viewing houses for sale in Portugal. Are you looking for a summer house? Are you planning to live in Portugal full-time? Is it just for pure investment? Have you checked the rental yields? Before looking for homes in Portugal, write down all your reasons.
Are you looking for a big house with a swimming pool? Do you prefer a one-bedroom apartment in Lisbon where you can enjoy city life? Setting clear expectations will help you filter your Portugal real estate for sale search.
Before setting up appointments for house-viewings, define your budget and try to stick to it. When setting your budget, don’t forget to add the property taxes, maintenance costs, or bank transfer costs if you’re going to transfer your funds from abroad.
When deciding to buy a property in Portugal, first decide if you want to be close to the beach, in a bustling city, or somewhere along the countryside. Let’s quickly go through some options of properties for sale in Portugal.
If you’re looking for property in a metropolitan with local vibes, Lisbon might be the ideal destination for you. The capital offers everything you’re going to need: gyms, shopping centers, international schools, and vibrant nightlife. Lisbon boasts stunning architecture, along with nice views over hills. Like many capital cities, Lisbon offers a diverse range of neighborhoods, each with its own distinct character. Property prices differ by region as well.
Porto is a bustling commercial city with a rich historical and cultural legacy. The city’s old streets and historical buildings offer plenty of opportunities to explore. Ribeira, on the riverbank, is a UNESCO World Heritage Site and a nice place where you can enjoy the views. We hope that this article provides answers to your questions about properties for sale in Portugal and how to buy them.