Investment Property List
Portugal Property
Portugal Property Abroad | Portugal Property Abroad |
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![]() The Portuguese property market has long been popular amongst British buyers who have traditionally favoured the southern shores of the Algarve as a destination, where some 50,000 properties are now British owned. As a member of the European Union since 1986, Portugal is regarded as a safe bet amongst purchasers seeking a well established and stable economic climate in which to invest. One of the beauties of Portuguese property lies in the diversity of opportunities available to suit all tastes and budgets: Property located in the popular golf resorts of the Algarve is now priced high, some at multi-million levels, while you'll find very little to buy for less than 100,000 GBP. As a general guide, a good standard two bedroom apartment will cost approximately 200,000 GBP. Lower prices can be found further north towards Lisbon and the Silver coast where an emerging property market is in progress due to a new motorway linking the area easily to Lisbon and the rest of the country. As a new trend emerges for well located rustic, rural properties, many of which are in need of some restoration, property further north along the Green Coast, beyond the beautiful city of Porto can be purchased for as little as around 30,000 GBP, but do remember that the weather is not as warm as further south. Meanwhile if it is top class golf facilities you are after, then the most popular spot remains the Algarve, between Lagos and Tavira, where the country's most prestigious golf courses can be found, all within easy access of Faro airport. Heading east from the airport, property on the eastern Algarve is still around 30% cheaper than further west, with three bedroom villas priced at around 150,000 GBP. Property in and around Lisbon and along the coast at fashionable Cascais is also priced high. Foreigners can buy property in Portugal without restrictions but the process varies a little from that in the UK. A good, English speaking local lawyer is essential to assist you in the purchase of your property and will ensure you do not fall victim to any potential pitfalls. As with all property purchases the world over, first it is essential to work out your specific budget and criteria for buying, as well as consider what factors are important to your specific needs. In addition, a finance plan is also necessary, along with current information from banks and lending institutions so that you are well informed prior to finding your dream property. It is important to note that residential property legally must have the following documentation:
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