Guide to Property Buying in Portugal
Who is this guide from and what will it tell me?
AIPO asked supporting partner and independent overseas property experts, AIPP (Association of International Property Professionals) to bring you answers to the most asked questions – and to share their top tips about buying a home abroad.
Buying a property overseas is a big decision which involves several steps and, of course, some thorough research. Our guide covers the following subjects:
- Where do I start?
- Brexit implications on living, working and pensions in PORTUGAL
- Where in PORTUGAL should I buy?
- What type of PORTUGUESE property is available – and at what cost?
- How can I finance a home in PORTUGAL?
- What other costs are involved?
- Who do I need to help me with my purchase?
- What can I expect from the legal process?
- What potential pitfalls should I be wary of?
- Is there anything else I should consider?
View Properties in Portugal here – from approved members of the AIPP (Association of International Property Professionals).
Where to buy property in Portugal
We asked Peter Robinson, Director of the AIPP (Association of International Property Professionals), for an overview.
“Attracted by its stunning beaches, excellent climate and award-winning golf courses, the Algarve, on Portugal’s southern-most coast, is the number one property hotspot for Brits. It’s also a great region for holiday rental opportunity. The Algarve’s central resort towns of Vilamoura, Vale do Lobo and Quinta do Lago are often singled out as its most desirable pockets. Property developments and their linked facilities are in the super league. But this, of course, also means they come with the highest price tag.”
“If your budget is more limited, the central Algarve offers some great alternatives. Check out Loulé, famous for its Saturday morning gipsy market, or Silves with its abundance of orange and lemon trees. Pretty Armação de Pêra, just west of Albufeira, has a great atmosphere yet avoids being too over-crowded in the seasonal months.”
“But money will go further still in the Western Algarve which has been steadily growing in popularity. Explore the leisure resort of Carvoeiro, the charming beach village of Burgau or the larger fishing town of Lagos. For a much quieter pace of life (and some great surfing) Odeceixe is worth a look.”
“The Eastern Algarve is perhaps the leasttouristy part of the region but you can still find some great property deals just 20 minutes drive of Faro airport. Tavira, close to the Spanish border, has been mooted as a potential hotspot for a few years now. For unspoilt countryside but still within 30 minutes of the coast, villages around the river town of Alcoutim may offer what you are looking for.”
“To discover ‘real Portugal’ leave the Algarve behind and head north-west to the Silver Coast (or Costa de Prata) which lies between Lisbon and Porto. With its famous ‘glittering’ beaches you’ll find everything here from historic towns and traditional fishing villages to modern coastal resorts. Also worth considering is Aveiro which is known as the ‘Venice of Portugal’ for its lagoons – or the bohemian medieval town of Obidos for its art and culture. If you want more in the way of amenities the bigger towns of Nazaré and Marinha Grande may be a better fit.”
“Formerly overlooked by Brits but now gathering pace as a property hotspot is Portugal’s Blue Coast (or Costa Azul). Stretching from the top of the Algarve to just north of Lisbon, the region plays host to the gigantic natural reserve of the Troia Peninsula where you’ll find protected dolphins and hundreds of varieties of birds. Upscale developments have been built along the sheltered white sand dunes of Troia and Carvalhal and a wide range of property is now available there at reasonable prices. For something off-resort, consider the hillsides of Sesimbra province where you’ll find stunning rugged views. Alternatively, look at the ancient sea town of Setubal – which is known to wine-lovers as the home of Moscatel and to (some!) football-lovers as the home of Jose Mourinho.”
“Finally, we should mention Portugal’s beautiful islands. Madeira is perhaps the best-known and its international airport provides good connections. Steeped in history, the island has traditionally drawn an older profile visitor but trendy boutique hotels springing up in the last decade have since been attracting a younger, cooler crowd. Property in Madeira is generally more expensive than on mainland Portugal but there is plenty of it available. Look at the charming village of Ponta do Sol in the south or the equally picturesque Camacha in the hills east of the capital Funchal.
“Sao Miguel is the largest and most populated of Portugal’s Azores islands and is built on rolling plains, mountains and deep crater lakes. Now serviced by the budget airlines, holiday homes on the island have become a feasible possibility. Your first port of call for property there might be the cosmopolitan main town of Ponta Delgad, which sits on a modern marina. Although the smaller islands of the Azores will offer bargain prices access and amenities are
limited, so do your homework.”
View Properties in Portugal here – from approved members of the AIPP (Association of International Property Professionals).