How to buy real estate in Portugal

There are many immigrants living in Portugal, so how to buy real estate in Portugal? Choosing a good house is very important, which is also a concern of many people who go abroad. Let me use the real estate column to learn how to buy Portuguese real estate. Welcome to reading.

How to buy real estate in Portugal

Investing in buying a house in Portugal can be regarded as a technical activity, and investors should judge the advantages and disadvantages of the project location according to the population structure, the relationship with regional facilities and transportation. After completing the formalities, there are still many problems to consider. To avoid problems in the process of buying a house.

What building should I buy? It is best to invest in existing buildings.

It is better to invest in existing buildings than future buildings/buildings. The price of existing buildings may be higher, but it will be safer. Whether choosing an existing building or a future building/building, the location of the house should be listed as one of the most critical considerations. Investors should judge the location of the project according to the demographic structure, the relationship with supporting facilities in the region, traffic and other factors.

At the same time, we can collect the market information of similar real estate around us, including the changes of transaction price and transaction rate in the past few years to make a judgment. As for the future value-added potential of real estate, it depends on whether there are any major projects that will bring population inflow, whether the rental market is healthy, and whether the rental return is reasonable and stable.

Where can I buy it home? Think about Lisbon

There are many types of immigrants who buy houses in Portugal, according to the types of investment, including pure residence and pure investment; According to the types of houses, there are apartments and villas, and according to the investment area, there are the capital Lisbon and the tourist resort Algavi.

If you are a pure residential investor, you'd better consider Lisbon's real estate, preferably in the urban area, with schools, hospitals, supermarkets and so on. Investors with housing needs generally regard education as the primary factor in choosing a house.

When choosing a school in Portugal, there are generally two types of investors: one is to integrate into Portuguese society, and investors with such needs had better choose a better local school. To judge the quality of a school, we can look at the property tax. Portuguese property tax is 0.4%~0.6% per year. 90% of the property tax is used for education funds, and 10% is given to the municipal government. Therefore, areas with high property taxes mean that education and schools in this area are better.

There is also a kind of investors who go to Portugal to buy a house and immigrate, hoping to obtain identity through Portugal and then "cross the bridge" to study and work in other European countries. It is best for such investors to choose international schools in Portugal, where English and French are the main languages.

Where is the investment? Southern tourist resort

Some Portuguese immigrants who buy houses are pure investors. For them, it is best to consider Algavi, a tourist resort in the south. Pure investment should be based on whether it can be rented out. It is understood that Portugal's current economy has not recovered, and it is unrealistic to hope to rent a house to local people. Algavi in the south, as a tourist attraction, attracts many Europeans to spend their holidays every day. The occupancy rate can reach 99% in summer and 25% in winter. Investing in real estate in Algavi has a stable income, generally 4%~5% return, and the practice of "renting" is generally entrusted to relevant companies or hotels.

In addition, real estate transactions in Portugal must be entrusted to lawyers, not acquaintances, relatives and friends. The lawyer will help you check whether there are debts, clear property rights and so on. , safe and secure.