Real Estate in Portugal

"One way to find a place to live in Portugal is to search online. You can search for real estate websites, such as idealista.com and imovirtual.com, which often list a variety of different types of rentals ranging from holiday apartments to long-term residence. Additionally, you can search on Facebook groups and Expat forums, as many expats offer advice and help finding accommodation on these platforms. For a more customised option, you may wish to consider using a rental agency or estate agent, as they will be able to find properties to fit your exact requirements. Finally, you can also search for classified ad sites, such as OLX, for places to rent," said one expat in Portugal.

"By cost and internet posts on Idealista. I had 10 days to get an address. Price was a big concern. I looked at 3 listings, 1 in Porto and 2 in neighboring Gaia. I chose the bigger place in Gaia. It was the right size and price. I was lucky that the Remax agent was honest and super helpful and spoke English! It is a good place in a nice neighborhood. Do your research beforehand and have representation, preferable an honest attorney," remarked one member in Porto.

"We came to Portugal last year for 2 weeks. We explored two areas only: first, the Algarve and next, Lisboa. These selections were based on weather, as we didn't want the colder weather in the North of Portugal. The Algarve is dead in winter, congested in summer, and just stuffed with Brits. The Lisboa area was delightful but we were sold when we took a train from Lisboa to Cascais. This is ideal: generally reliably nice weather, pristine beaches, restaurants all over the narrow streets and squares as well as along the pedestrian esplanade along the ocean. An easy train ride into Lisbon any time you want more culture or diversions, while plenty of museums, shows and parks in the Estoril/Cascais area. IDEAL," explained one expat living in Cascais and Estoril, Portugal.

"I first lived in an apartment near the University. You can never go wrong living around a large school. People tend to be more open to help. I eventually bought a proprty and built a four bedroom home in a quiet section of the city. The land was a bit more expensive than other areas but it was well worth it. If your going to build.... please watch your contractor closely and NEVER pay for anything up front, only for work that has been done. You can get yourself into trouble that way," said one person in Braga.

"We rent a condo. Yes, most of our expat friends have done the same, although, as it turns out, our landlords are also expats who own several condos and a single family house that they live in," remarked one foreigner who made the move to Porto.

"I live in a single family four bedroom home. To be honest I don't really know of any US expats in my area. The people up north are very friendly, so most of our support circle is Portuguese," explained one person living in Braga, Portugal.

"Housing costs are lower here, but we're comparing a mortgage on a million-dollar plus condo in the US to rent on a 2 bedroom apartment with ancient appliances. It is easy to find a clean, modern, 2 bed/2 bath apartment with new appliances in the upscale, coastal Estoril/Cascias area for less than $2200/month if one works with a local realtor, and can cut those costs in about half in the smaller towns and villages inland. Utilities per month can add about $100. Internet service is about $30. On average, this feels like one can get a bit more with less but Portugal's Lisboa coast isn't a low cost choice. South and North and inland are less costly," remarked one member in Cascais and Estoril.

"Housing cost is less than half of what we were paying in Denver, Colorado. Depending on the size of place you need and location, $700-1200/month can be average. Porto is more affordable than Lisbon and Vila Nova de Gaia, which is a 10 minute drive from Porto, across the river can be several hundred dollars cheaper than Porto. Neighboring smaller cities are even more affordable," explained one expat living in Porto, Portugal.

"The average cost of housing in Portugal is generally considered to be quite reasonable. Prices vary depending on the location, size and quality of property, but most one bedroom apartments in the city centre cost between 500 and 700 euros per month, while larger family homes can start at around 1000 euros. Rent prices are generally cheaper outside the cities, and Portugal's extensive coastline means that beachfront properties can be slightly more expensive than inland properties," said one person in Portugal.

"My home loan was 200k euros and I pay around 600 euros a month. Property takes is another 1k a year and generally speaking water, electric, heating, cable tv and such round off to about 350 euros monthly. It's MUCH cheaper out here than in the US," said one expat who made the move to Braga.

"Deciding whether to buy or rent a home in Portugal depends on your personal budget, lifestyle, and goals. If you are looking for a more permanent living situation and a long-term investment, purchasing a home in Portugal could be a great option for you. On the other hand, if you are looking for short-term accommodation or want more flexibility, then renting a home may be the better option. Ultimately, the decision between buying or renting a home in Portugal should be based on your individual needs and preferences," said one person in Portugal.

"I am renting an apartment. It was difficult at first because a number of realtors didn't show an interest in helping me. When I found the right realtor, it went fairly easily. The biggest issue was having to pay for an entire years rent due to having no family in Portugal. There is also a scarcity of rental properties that are long term rentals," said one expat who made the move to Cascais.

"When buying property in Portugal, it is important to know about the Portuguese tax system, as this will affect both the costs to purchase and the costs to maintain the property. In general, both foreign individuals and businesses will be liable to pay tax on capital gains from the sale of a property and on rental income produced from property rentals. It is also important to familiarise yourself with the local laws, particularly concerning the registration of property after purchase. Additionally, due to Portuguese laws on foreigners buying property, you may need to obtain a Portuguese tax identification number, or NIF, to make your purchase. Finally, due to the legal process involved in purchasing property in Portugal, it is strongly advised to consult a professional legal advisor to guide you through the process," said one in Portugal.

"Understand what is and is not including in the price. It is common for sellers to take appliances, light fixtures, and much more with them if it is not listed in detail in the offer. Be patient. See many properties to understand the market. It's nearly impossible to do a market analysis of the asking price since historical sales are not easily known. When you find something you like, move quickly. No two sellers are alike. Some are highly motivated and will negotiate. Many will not budge. In Portugal you are basically buying the property "as is." Inspections are almost unheard of. Be prepared for unexpected expenses and repairs after closing," explained one expat in Matosinhos, Portugal (a suburb or Porto).

"None that I am aware of. The only unusual thing is if you want a mortgage. Most lenders require a mortgage to be paid off by age 70 (some a bit older) so it doesn't help most folks buying at retirement age. We did a cash purchase so everything went quickly from offer to closing in about 3 weeks," explained one expat in Matosinhos, Portugal (a suburb or Porto).

"Yes, foreigners are allowed to own property in Portugal. Non-residents are able to purchase property in Portugal without any restrictions, and the process is relatively straightforward. The Portuguese government has made it easy for foreigners to purchase property in Portugal, and the process is similar to that of a Portuguese citizen. The only difference is that non-residents must obtain a tax identification number from the Portuguese tax authorities before they can purchase a property. Additionally, non-residents must also open a Portuguese bank account in order to complete the purchase," explained one person living in Portugal.

"Many rental properties in Portugal come with a range of appliances to make life more comfortable, such as a refrigerator, stove, and washing machine. The kitchen may also include a dishwasher, cooktop, and oven to make cooking and entertaining more enjoyable. Depending on the property, air conditioning and central heating may also be included. Other common appliances typically found in rental homes in Portugal include a fan, television, microwave, toaster, and coffee machine," explained one expat in Portugal.

"There is no MLS equivalent. Different companies have different sources of properties for sale. Work with more than one real estate agent at the same time. Make sure your agent is licensed," said one foreigner living in Portugal.

"There is no MLS in Portugal. You need to search a wide variety of consolidating sites (idealista.com) and individual real estate firm sites (Re/Max, K-W, Lars Sonho, etc.) You also want to talk to people in cafes and shops. Many properties sell by word of mouth. We worked with a Re/Max agent in Matosinhos who is herself an expat and specializes in the special needs of expat buyers. Her name is Fabiola Verissimo. She was worth her weight in gold," explained one expat living in Matosinhos, Portugal (a suburb or Porto), Portugal.