Property in Portugal
Property in Portugal by Shelter Offshore in Property Abroad
Published on 21 April 2008
Unlike Barcelona or perhaps Paris, Lisbon doesn’t have a reputation as a stunningly vibrant European city of history, culture, fine cuisine and…expensive property prices.
And yet, whilst Lisbon is indeed highly-expensive-property-price free, it has history, culture, fine cuisine and so much more in bucket loads so that anyone seeking charming property in Portugal should really give Lisbon a look.
Published on 31 March 2008
The south central region of Portugal called Alentejo actually borders the Algarve to the south but it has so much more going for it than packed out summertime beaches and golf courses! For a start it has far more affordable property prices than the Algarve, and for another thing, Alentejo has such dramatic and diverse countryside that there is a town, village or rural location to suit everyone’s tastes in this part of the nation.
So, forget the Algarve with its high property prices, and buy property in Alentejo in Portugal instead, especially if you want to live in ‘real Portugal. Away from the maddening crowds and the sometimes excessive summertime heat which is exacerbated by the high levels of tourism on the Algarve, Alentejo has so much charm and appeal, it really is worth closer inspection.
Published on 26 February 2008
Let’s be honest about it, the thought of Portugal doesn’t exactly conjure up images of exotic beaches and it doesn’t make for a particularly exciting property destination for investors either because there are no reports of overnight gains to be made in this European nation’s real estate market.
So why is Portugal still popular with property purchasers then? There are other, more glamorous, better potentially returning real estate environments out there - and yet Portugal is an evergreen, timeless and unshakeable market particularly with British buyers. Let’s take a closer look at the conundrum…
Published on 22 January 2008
According to 2007 statistics from the Instituto Nacional de Estatistica, which is the National Statistics Institute in Portugal, property prices in the nation had risen by as much as 17% over the five years to date. That marks significant yet sustainable progress and bodes well for the ongoing development of the Portuguese real estate market – however, it doesn’t bode so well for anyone hoping to find affordable homes in Portugal, especially in the most popular regions such as in the Algarve or in cities such as Lisbon or Porto.
In this article we’ll give you 5 top tips for finding affordable property in Portugal because there are ways to find a dream home that you can purchase without having to break the bank! The secrets lie in location and negotiation and mean that if you really have your heart set on buying property abroad in Portugal for vacation, retirement or investment, you can make your dreams come true.
Published on 22 October 2007
Portugal is an incredibly popular tourist destination, in fact it is always in the top 20 most visited locations in the world – and yet its property market often fails to hit the headlines as it is not an emerging market returning record if unsustainable returns, nor is it one of the most expensive markets in Europe that speculative comment can hone in on as likely to implode any time soon!
If you’re looking for a market with sustainable and strong demand where there are a series of excellent fundamentals upon which a purchase and investment decision can be made, here are ten reasons to buy property in Portugal.
Published on 21 September 2007
If you’re thinking of buying property in Portugal check out Castanheira de Pera because if you want Portuguese real estate as an investment or even for your own relocation or retirement, the beaches are not the only place to look.
Within Portugal’s central region you’ll find a completely different world that’s well worth exploring – especially if a quaint lifestyle and reasonable property prices are what you desire. One area that many find is more than worth a closer look is as stated, the municipality of Castanheira de Pera.
Published on 13 September 2007
Portugal continues to be one of the most popular destinations for Britons seeking a holiday home in the sun, a retirement home in a safe and peaceful location, an investment property or just a brand new home in an exciting and beautiful country.
The buying process is simple, there is an abundance of property opportunity in Portugal, the climate is fantastic but what there is not a plethora of in Portugal are local lenders willing to offer real estate financing to foreign nationals. So, the solution is to seek mortgages in Portugal from British banks…in this article we examine the appeal of the nation, the buying process and getting the finance you need simply and easily via a UK bank.
Published on 21 August 2007
At Shelter Offshore we’ve noticed an overall growing trend change for UK buyers in overseas property markets to move away from off-plan projects towards completed projects and the restoration of traditional properties. Estate agents in Portugal are reporting a similar trend
Overseas property and travel site Homes Worldwide have reported that more UK property buyers are looking away from the busy resort areas of Portugal to more traditional Portuguese properties in rural locations. They report that investors are increasingly beginning to realise that they can get a lot more for their money in the more remote areas of central Portugal, especially if they’re willing to take on a property that needs some renovation work.
In Portugal as with many of the more popular retirement locations your money goes that much further and that includes labour costs so house restoration may not be anywhere near as costly as a similar project would be in UK.
Published on 25 July 2007
Portugal is not the most popular property marketplace in mainland Europe for British buyers despite the fact that there are many well established expatriate communities in Portugal – particularly on the Algarve and now increasingly on the Silver Coast. What this generally meant in the past was that the Portuguese property market was overlooked by many UK based lenders which once made it difficult for British buyers seeking mortgage advice and direct and practical assistance.
Thankfully Portugal mortgages from UK lenders are now more widely available and if you’re keen on making a purchase of real estate in Portugal this article introduces you to the main British lender which is very active in Portugal’s mortgage marketplace and which can potentially present you with a broad range of mortgage types, terms and offers.
Published on 24 July 2007
It’s possible to get a mortgage in Portugal in either euro or sterling with Portugal mortgage rates naturally depending heavily on which currency you choose. Historically speaking euro interest rates have been lower than sterling and this has guided the choice of which currency to choose for many would-be buyers at the time…
But of course interest rates change and it is therefore very important that a potential buyer in Portugal takes advice specific to their requirements and circumstances around about the time that they are going to buy. And in terms of who to get advice from, specialist advice should ideally be sought from lenders with a presence in the UK and Portugal who understand not only the property markets in each country but also the currencies of each so that the buyer doesn’t incur any unnecessary extra charges or losses when transferring their mortgage amount to their vendor in Portugal.
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