The process of searching for a new home is not the same for everyone, especially if you're an expat searching for property in Portugal. Each individual and family must consider a series of factors based on their needs. While some may not be in a hurry and prefer to buy a house under construction or in need of renovations, others may opt for a "turnkey" style residence.
And this is exactly what we are focusing on today: new homes for sale in Portugal that are ready to move into. These properties bring with them the promise of immediate comfort and convenience, avoiding the long waits involved with construction and renovation.
Many turnkey properties are already fully furnished and decorated, making them ideal for those who want and can choose this type of residence. So let's explore this market trend in Portugal, its benefits, and some key points that can help you in this phase of searching for a new home.
Advantages of buying a new move-in ready house
There are numerous advantages to buying a house in Portugal that is ready to move into. Let's focus on the main ones.
Speed in transition
This type of newly built housing excels in convenience. In other words, unlike other houses still under construction or old ones in need of renovation, in these cases the properties are ready to receive their residents as soon as the keys are handed over.
Modern and contemporary design
The contemporary designs of these types of houses reflect the current lifestyle, featuring open kitchens to spacious living rooms and generous outdoor areas.
In addition to design, these new homes more often than not feature a different style of construction, more concerned with the comfort of the inhabitants, incorporating materials and techniques to improve thermal and acoustic insulation.
Greater savings in the short, medium and long term
If you're considering buying a new ready-to-move-in house in Portugal, know that you're making an economical choice. Firstly, because many of these residences come fully furnished, which will save you a lot of money and time in furniture searching and buying. They also come fully equipped with all the necessary appliances for everyday life.
Furthermore, these houses come with construction and appliance warranties, providing you with additional security and peace of mind.
Another financial advantage is the avoidance of renovation costs, allowing you to save significantly or invest that money elsewhere. Therefore, even though ready-to-move-in new homes may have a slightly higher market value, the price you'll initially pay will be easily offset.
Buyer profiles
It's very normal that each type of house in Portugal attracts a different buyer profile. Although not a general rule, there is a trend of greater interest in these homes among certain types of clients.
- Young families: Convenience is a crucial decision factor in choosing a home for young couples. These houses promise a hassle-free start to life together, catering to the constant changes in needs at this stage of life and allowing more time for family dedication.
- Digital nomads: With the growth of this type of worker in recent years, there is also an increased demand for new ready-to-move-in houses, as this type of housing offers the possibility of quickly settling in a new city.
- Foreigners: Another type of buyer very attracted to new ready-to-move-in houses are foreigners. Upon arriving in a new country, the possibility of immediately settling in and starting a new life without major complications is the ideal factor and the most important consideration for these individuals.
New residential technologies
A new ready-to-move-in house always has several benefits, as we've seen before, but one stands out and is becoming increasingly common in recently built houses: home automation.
These new residential technologies provide comfort, energy efficiency, and security. Through home automation, for example, residents can optimise the home environment according to their personal needs. In other words, through internet-connected devices, it's possible to control lighting, temperature, and other aspects of the home.
Another benefit closely tied to new residential technologies is the new smart windows, which adjust to sunlight, maximising brightness and energy efficiency. It's also worth highlighting the environmental factor, as many of the new developments are already integrating solar energy, reducing the environmental footprint and lowering residents' long-term energy costs.
Great potential for increase in value
While it's true that this type of houses may have a higher initial cost, the initial investment will certainly be offset in the medium to long term when you consider selling the property. Modern and equipped houses attract many buyers, which will facilitate the selling process and also enable you to make a good profit.
Furthermore, since maintenance costs are reduced, as a house in a newly built development won't encounter major issues anytime soon, this also ends up compensating for the initial investment. In addition to saving on repairs and renovations, you'll also have peace of mind, as you're almost sure not to encounter recurring issues.
A growing trend in the Portuguese property market
In an era where we live at 100mph, there has been a significant increase in the demand for new and ready-to-move-in homes. This growing demand has consequently led to an increase in the average prices of this type of houses.
These homes are increasingly a trend in the real estate market, especially in the premium and luxury segment and in rental and local accommodation business models. In summary, whether for investment or for permanent residence, ready-to-move-in new homes are undoubtedly a significant trend in the real estate market in Portugal that is here to stay.
Find your turnkey new home in Portugal with idealista
- Lagos
- Almancil
- Quarteira
- Carcavelos and Parede
- Cascais and Estoril
- Cedofeita
- Fernão Ferro
- São Martinho
- Alvalade
- Estrela
- Campanhã
- Corroios
- Misericórdia
- Alcochete
- Amora
- Quelfes
- Moncarapacho and Fuseta
- Campolide
- Areeiro
- Arroios
- Montijo and Afonsoeiro
- Seixal
- Santiago (Sesimbra)
- Viana do Castelo and Meadela
- Repeses and São Salvador
- Castelo Branco
- Fundão
- Faro
- São Brás de Alportel
- Tavira