Bordering Spain on the Iberian Peninsula, Portugal is renowned for its idyllic beaches, maritime heritage, fresh seafood, and charming architecture. In recent years the country has also gained a reputation for its progressive politics that has seen a liberalisation, among other things, of its drugs laws. These enticing characteristics, along with a more affordable cost of living than its southern European counterparts, have helped make Portugal the destination of choice for those seeking a holiday home or a property investment.
The sandy shore of Praia do Malhão on Portugal’s southwest coast (Photo: Vitor Oliveira via Flickr / CC BY-SA 2.0)
Most people looking to buy property in Portugal are inevitably drawn towards its expansive coastal regions, in particular those around the famous Algarve region and the nation’s vibrant capital city of Lisbon. With its world class golf resorts, the Algarve in particular has become a haven for expats and holiday home owners seeking a change of scenery, while Libson’s tranquil neighbourhoods that stretch into the rugged hills are dotted with quaint villas for sale.
For anyone wanting to purchase property in Portugal, the good news is that there are no restrictions on which part of the country you want to buy in. There are, however, a few hoops to jump through, including needing a Portuguese tax number, which you can get by applying (for a small fee) to the local tax office. Another consideration is that although Portuguese banks are happy lending to non-residents, they’ll only lend them 70% of the value of the property. Other tips include using a mortgage broker who speaks both English and Portuguese, as they’ll probably be able to secure you a better deal than you’d be able to get on your own. Below are three recommended companies for helping you find houses and villas for sale in Portugal.
Algarve Property
Founded in 1997, Algarve Property has grown to become one Portugal’s most trusted independent real estate agents for properties across the idyllic Algarve region. Priding themselves on their impeccable customer interactions and professional attitude, the boutique company’s dedicated bilingual team of expert consultants provide a personalised and friendly service to anyone seeking an exclusive property in the Algarve – be it as a permanent residence, for family beach/golf holidays, or as an investment. They also offer additional services including financial and legal advice, home décor, furnishings, gardening, building, and general maintenance.
More info at Algarve Property
QP Savills
With over 20 years’ of experience in the local real estate market and offices in Quinta do Lago, Vale do Lobo, Loule and Marriott’s W Algarve, QP Savills deal with some of the most exclusive and exciting properties across the Algarve. Their local team consists of 22 professionals and together with 20-year-old Savills association, they are well placed to offer a world-class service. Whether you’re interested in the state of the local market, are currently looking for the right property, would like a valuation on your own property, or are interested in selling one you currently own, their services are certain to meet your needs.
More info at QP Savills
Berkshire Hathaway HomeServices Portugal Property
Established in 2008, Berkshire Hathaway HomeServices Portugal Property is the largest independently owned and operated real estate company in Portugal, dedicated to making the whole process of buying and selling property in the country as efficient as possible and helping clients turn their dreams of property ownership here into a reality. They are respected throughout the country by buyers and sellers alike, confirmed by testimonials from clients and numerous European Property Awards. With over 50 agents, they cover Porto, Lisbon, the Silver Coast and the Algarve, representing resort properties, urban living and luxury property. A dedicated, multi-lingual team offer an entirely end-to-end property investment solution; including recommendations for mortgage advisors, lawyers, property advice and aftersales care. They are also specialists in the Golden Visa process.
More info at Berkshire Hathaway HomeServices Portugal Property