Property for sale in Portugal

Buying a home is definitely getting more expensive.

Misericórdia, Santa Maria Maior and Santo António. These are the three neighborhoods that attract the most ex-pats who want to buy a house in the Portuguese capital. There are two new areas that have started to gain ground, too - interesting insider news for those looking to invest.

With house prices currently rising in the property market, buyers and investors are looking for cheaper alternatives to purchasing used houses or flats in Portugal.

Making houses more efficient is one of the objectives of the Portuguese government through the "Casa Eficiente 2020" (Efficient House 2020) programme, which will receive funding of 200 million euro in the period 2018-2021 and aims to make Portuguese houses more welcoming and efficient.

Buying a house is becoming more and more expensive. Property prices in Portugal rose by 3.8% in the first three months of the year, compared with the last quarter of 2017, making the price 1,748 euro per square metre (m2), or 162 euro per square foot (sq ft), according to the idealista price index.

Every year, millions of euros are invested in improving detached and semi-detached houses to increase their market value for sale or rental purposes, trying to make the most of the improvements made.

The real estate market is red-hot in Portugal. Never before have so many houses been sold – 153,292 in 2017, 26,186 more than the previous year (20.6%), and prices are in line with this trend.

Negotiating the price of a home is possible. You just need is the right motivation.

Not only is Porto in fashion, it's on the radar. Whose radar? That of investors and international markets.

The Algarve, Costa de Plata and more recently Lisbon: the domestic housing market is red-hot and more and more foreigners are investing in Portugal, a scenario that should continue in the near future, predicts Colm Wilkinson, regional manager of PortugalProperty.com Lisbon, in an interview with idea

Never before have so many houses been sold in Portugal, neither so many, nor at such a high price. In total, 153,292 houses were sold in 2017, 26,186 more (20.6%) than in 2016.

Lisbon has definitely entered onto the radar of foreign investors, a scenario that is not just a passing trend, but seems to have come to stay. Colm Wilkinson, Regional Manager of Lisbon PortugalProperty.com, moved to Lisbon 13 years ago and says he is in love with the capital.

Too much demand and too little supply – it’s a scenario that continues to fuel the rise in the property prices. In the last year alone, prices have increased by 12.8%, the largest increase since 1992, according to data from Confidencial Imobiliário (Ci).

The limitations of the supply of real estate and the increase in prices in the centres of the main cities are pushing many Portuguese families to a life in the outskirts. This is a trend that, according to the real estate agency Century 21, is here to stay.

In the end, it seems that the price of housing in Portugal is not "so high".

Interest rates for mortgages are relatively low right now, and it’s possible to can earn more than 7% each year if you invest in a property in Portugal.

The French are still top of the list for the nationality which invests the most in the Portuguese property market, making up 29% of the total. Even so, Brazilian investment keeps growing and already accounts for 19% of property purchases by non-Portuguese.

When you’re buying a home, choosing whether to buy new or used is important. Of course, there are advantages and disadvantages to both, but here are some things you should consider: Location: Depending on where you prefer to live, one property type will be better than another.

More houses and cheaper. In the end, though, where are these houses? Nowhere. The Portuguese real estate market is in the middle of a drama: there is a lot of demand and little supply at affordable prices.

In the Arouca Geopark, internationally recognised for its richness and diversity as a Geological Heritage site, there is a small village.

One catamaran, 50 real estate professionals and just one aim: to explore the land of the three projects that make up Lisbon South Bay.

The ‘Cidade da Água’, City of Water, which will be built on the old Lisnave lands in Almada, is well underway.

Buying a house can be a long and complex process, with a lot of official hoops to remember to jump through.

Before the Property Bubble: Every single region in Portugal has seen property prices fall since the end of 2007 thanks to the global economic crisis. There was a small uplift in 2009 but then another steady drop until 2014, when the economy started to pick up again.

Selling your house is a big moment, so follow these steps to make sure you’re doing it right: 1. Prepare the documentation: Before you sell, you’d be advised to collect together all the important documents connected with the property.