Financial advice in Portugal
Latest articles about Financial advice in Portugal
Even though Portugal is still in the midst of the coronavirus pandemic crisis, banks continue to be willing to finance house purchases, and along with low interest rates, now could be the perfect time to buy a property and take out a mortgage in Portugal.
Even during the coronavirus pandemic, many people still make buying property in Portugal a priority, and in the majority of cases, buyers also need a mortgage. Despite the crisis generated by COVID-19, banks in Portugal have remained willing to lend money for this purpose, although take note that th
First things first, what is IMI property tax in Portugal? IMI is a Municipal Property Tax which is updated and must be paid annually by the owners of properties or land in Portugal. In technical terms, IMI is levied on the Taxable Asset Value (VPT), i.e.
The real estate market in Europe is proving to be somewhat of a safe-haven, even in times of crisis.
What is a mortgage "spread" and what impact does it have on the monthly installments paid to the bank each month in Portugal? The term, mortgage spread, basically refers to the profit the bank obtains by lending you money, normally when you have a variable-rate or mixed mortgage.
How have minimum wages evolved during the COVID-19 crisis throughout the world?
84 municipalities in Portugal have decided to reduce Municipal Property Tax (IMI) rates for homeowners in 2021, in respect of the properties they owned on 31st December 2020.
How much does it cost to live in Portugal in 2021? What will become more expensive in Portugal in 2021, and what products and/or goods will cost the same or lower this year?
What is the minimum wage in Portugal? Mimimum wage in Portugal stood at 635 euros in 2020, and the good news is that it is set to rise in 2021, however, it is significantly lower than other European countries.
Buying a house is a decision of great responsibility, and especially if you have decided to buy property abroad in Portugal for the first time.
October brings good news for all Portuguese residents who have borrowed money from the bank to buy a house.
If you're thinking of moving to Portugal and buying a home, then getting a mortgage will be close to the top of your list.