Buying Property In Portugal As A Foreigner

Buying property in Portugal as a foreign tourist can often be a frustrating experience; especially if you do not fully understand the language. If you're looking for a place to invest, it is important to ensure that you get the correct understanding of Portuguese and the legal system in Portugal. You should understand that property laws vary greatly depending on the country you are buying property in. If you were looking to buy property in Portugal as a foreign tourist, you will probably need to seek professional advice before making any purchases.

The first thing you will need to know is that Portugal is an extremely diverse country. If you were buying property in Portugal as a foreign tourist, you would expect to buy in a city with a predominant business sector. Unfortunately, Portugal has a surprisingly high number of residential homeowners, standing at around 75%. Property in Lisbon, Portugal for example, is quite affordable and is popular with young families and couples. Prices are always rising, but tend to be more manageable for non-EU citizens than those from the European Union. One of the advantages of purchasing a home in Portugal is that many landlords require you to be a resident of Portugal for three years in order to be eligible for full rental rights.

Property in Portugal tends to be far more expensive than you would pay back home, and many rural areas are out of reach of the metro. If you are thinking of buying property in portugal as a foreigner, it is very important to ensure that you understand the local language and customs. Portuguese is widely spoken across Europe, especially in central and southern Europe, and the spoken language in Portugal is Portuguese. In the case of Portugal, English is also widely spoken. Because of this, a non-uese speaking cleaner might not be able to handle your requests immediately. So, be aware of your rights as a foreign national when renting or buying property in Portugal.

Property in Portugal tends to be very expensive, especially in rural areas, so before you decide to buy property in Portugal as a foreign national, make sure that you can afford it. If you don't have much money to spend on property, you might consider renting rather than buying property in Portugal. If you know Spanish, French, German, Russian, or Japanese, then finding a real estate agent who speaks those languages is advantageous. Otherwise, find a local real estate agent who can help you find a property or a villa that suits your needs and your budget. Renting a house or apartment in Portugal is not free, but it is often cheaper than buying property in Portugal.

Before you go ahead and decide to buy property in Portugal, you need to check the climate of the place. Some places like Arrabida and Ferreries are best for winter months because they receive fewer tourists and they are not that crowded. On the other hand, places like Belem, Algarve and Puebla are ideal places to buy property in Portugal as a foreign national in the summer months because these cities get a lot of tourists. The best time of the year to rent a house or apartment is the winter since there are fewer tourists in Portugal during that time. However, it is important to note that most Europeans rent their properties in Portugal during summer, especially tourists from Western Europe.

Finding a property in Portugal is not too difficult. The first thing you need to do is find a local real estate agent who speaks good Portuguese, English, German, Spanish or Italian. Then, contact the local government to make sure that you have all the necessary papers needed to purchase property in Portugal. It is also important to have your passport in hand when you visit the local government offices. Once everything is prepared, you can start looking for the perfect property to invest in. Read our Dubai blog also