Once you’ve decided where you want to buy property in Portugal and how much you can expect to pay based on average house prices there, you’ll also want to know about the price of upkeep and maintenance.
Buying a house will always be cheaper than renting in the long run, wherever it is in Portugal, according to accounts based on data from the National Institute of Statistics (Instituto Nacional de Estatística or INE).
When choosing where you want to buy a house, in addition to the comfort factor with respect to work or family, we also have to take into account the price per square metre or square foot of housing in the areas we are considering.
The law on negative Euribor (lei da Euribor negativa) was approved in the Portuguese Parliament and will bring about new changes. The measure is intended to oblige banks to apply Euribor in full to mortgages on real estate.