There is a certain real estate practice that seems to be gaining ground in Portugal, based on a model used in France – the sale of properties with the reservation of the usufruct of the property in exchange, without paying the full amount of the agreed sale price, but rather paying a kind of agreed
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.
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.
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.
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.
The Municipal Property Transfer Tax (Imposto Municipal sobre a Transmissão Onerosa de Imóveis or IMT) is a tax on onerous transfers of properties in Portuguese territory.
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.
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.
Are you paying a fair price for your home in the sun, or is the owner being overly ambitious with the asking price? Try using these 5 parameters to find out…
1.
When looking for a house overseas, the market can be a little confusing. Luckily, there is someone who will do all the hard work for you – a real estate agent. Real estate agents know the local market like the back of their hand – every property for sale, their values and characteristics.
It’s absolutely vital when you’re doing a visit to any potential property to keep these things in mind:
1. Paperwork: There are two documents it is very handy to get from the Land Registry, a Caderneta Predial and a Certidāo de Teor, which respectively provide a brief description of the l
Whether you’re looking at flats, villas or holiday homes, there’s always the decision of whether to buy or rent, but how do you know which is best? It’s worth taking the following into account...
Cost of a mortgage vs.
So you’ve decided to buy a house in Portugal. Now what? What with everything being in Portuguese and the property market being so different, it can be quite daunting for first-time ex-pat buyers. Fear not!