Portugal Information

With more than 300 days of sunshine every year, it is easy to see why millions of tourists flock to Portugal for their vacation. This sunny climate, combined with a diverse geography, makes it easy to understand why so many people want to buy investment property in regions of Portugal such as Algarve. This is the playground area of the country where the modern world meets the old in a fascinating blend of charm and grace. In addition, the people of Portugal are renowned for their hospitality.

If you are looking for the ideal location to buy foreign investment property, such as holiday villas or houses, Portugal has everything that you want. Wonderful beaches, breathtaking scenery and traditional towns where you can see vineyards, olive groves and fields of wheat – what more could you ask for! Championship golf courses and a multitude of fitness clubs add to the enjoyment of your property when you choose Portugal as your destination.

The cost of living in Portugal is much cheaper than in the UK. This means that your money will go a lot farther. The standard of living is quite high, the crime rate is low and the health care facilities are some of the best in the world. You won’t have to learn the language if you invest in property in this country because English is widely spoken in the resort areas. The international airports in the country have links to all the major airports in Europe, so you are never any farther away than the nearest airport.

Shop for your food at the local market where you have many choices in top quality seafood, meats and vegetables. On days when you would prefer to dine out, there are many luxurious restaurants for you to choose from serving delicious meals. Of course, you do have to experience the famous Portuguese wine with your meals.

Even though the surge in investment property has pushed up the prices of homes in many parts of Europe, this is not true of Portugal. Even in the resort areas, the prices of home have not risen drastically as they have in other countries. When you buy a property in Portugal, you can rent it out during the times of the year when you are not in the country. However, if you reside in the home for more than 183 days a year, you will be considered a resident of Portugal.

There is no difference in buying a home in Portugal than buying a home in the UK. You do need to have a lawyer and local banks can appraise the property for you. The cost of this service is between 200 and 600 Euros. The agreement to purchase will stipulate all the terms and conditions of the sale and your lawyer will arrange for you to obtain a fiscal number from the local tax office. This is the equivalent of a UK national insurance number and anyone that owns property in Portugal is required to have one.

The wide range of properties that we have available in Portugal enable you to invest in property in resort locations. Monte Sol, Monte da Pita, Altura are all examples of the places where you can have a holiday home. Choose locations where you are close to the beach, right next door to the golf course or with a spectacular view of the sea. All this and more can be yours when you choose to fly south during the cold winter months to your very own home in sunny Portugal.

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