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Foreigners wishing to buy properties in Portugal can fulfil their plans with the help of the aggregator Global Property. The platform offers an extensive range of property in Lisbon, Porto, Madeira and other popular locations. More than 189370 options from certified agencies and developers are available now. Each offer is described in detail, including specifications, prices, layouts and detailed characteristics of residential complexes, including additional facilities. You can contact the seller directly by phone or send a private message through the platform to get all the information you need or to start the buying process.
Portuguese real estate is available to foreign buyers. The European country has fairly liberal laws regarding property. There are no restrictions on purchase, whether it is residential, commercial space or land. However, it is always advisable to consult a lawyer or agent familiar with Portuguese laws and regulations to ensure a safe transaction and compliance with any specific requirements.
- Minimum cost of a property in Portugal: €165000.
- Most expensive unit: €12.9 million.
- Average price per m²: €2,641.
- Over the last year, the average price has increased by 4.97%.
- Minimum area: 52 m².
- Medium size: 115 m².
- Largest area: 2,000 m².
Currently, the programme granting a residence permit for the purchase of a home has been temporarily suspended. However, opportunities to obtain residency through investment still exist. For example, wealthy foreigners from outside the EU can apply for a D7 visa based on passive income of €820 per month or more and a home in the country. Also, foreign investors can invest €500,000 or more in scientific research conducted by both public and private research institutes, or donate a minimum of €250,000 to projects that support the arts, restoration or preservation of the country's cultural heritage.
Currently, the country does not operate a citizenship program for residential investments. Instead, the alternative is to obtain a D7 visa, which allows you to first obtain a temporary residence permit with the possibility of extending it. After residing in the country for at least 5 years, you can apply for citizenship by naturalisation.
It is important to meet several conditions, including proof of successful integration into Portuguese society. The list of requirements may include a certain level of language proficiency, a stable source of income and knowledge of local history and culture.
The country has many cities and areas to purchase residences that are suitable for vacation and investment. The most popular are Lisbon, Madeira and the Algarve. Lisbon, the nation's capital, is its cultural and economic centre. The city is located on seven hills, which creates a unique landscape with panoramic views of the Tagus River and ancient historic neighbourhoods. Madeira is a beautiful archipelago located in the Atlantic Ocean south of the mainland. Property in Madeira attracts tourists who want to enjoy the temperate climate, beautiful nature, opportunities for outdoor activities and cultural events. The Algarve is the southern region of the country, famous for its magnificent beaches and clear waters of the Atlantic Ocean. The region is known for its picturesque seaside towns such as Albufeira, Lagos and Vilamoura, where you can enjoy a rich cultural heritage, outdoor activities and exquisite local cuisine.
The country is popular for apartments in historic city centres, villas on the coast (especially in the Algarve region), and private homes in the suburbs and countryside. Villas in Portugal offer spacious rooms and extensive outdoor terraces with swimming pools, gardens and stunning sea views. Apartments in modern residential complexes are equipped with high-end amenities including swimming pools, gyms and 24-hour security.
Investment real estate in Portugal can be an attractive option because of a number of factors. The state has seen a steady growth in the housing market, especially in popular areas such as Lisbon, Porto and the Algarve region. Moreover, the country has a mild climate, unique cultural character and natural beauty, which makes local houses and apartments in demand for permanent relocation, vacation or rental.
There is increased activity in the rental market, especially in tourist locations. Over the past year, rental property prices in Portugal have increased by 7.14%. Rates vary depending on location and type of housing, averaging 6.89%.
Property in Portugal
The country is an attractive destination for investors and expats looking to buy properties abroad. It is located on the Atlantic coast and has a unique combination of a beautiful climate, cultural heritage and economic stability.
Various housing types are available to foreigners, including:
- Residential properties. Apartments as well as houses, villas and townhouses are popular. Local housing is usually equipped with various amenities such as spacious balconies or terraces, communal or private pools, gardens, parking, security, sports facilities, air conditioning and access to internet and cable TV. Specific elements of amenities may vary from project to project.
- Commercial spaces. Stores, offices, restaurants, and hotels are also available for purchase.
- Land plots. Foreigners can purchase land plots for construction or development.
The location is perfect not only for the purchase of investment objects, but also for a comfortable life. The country is considered a safe enough place, so families with children and elderly people come here with pleasure. Living expenses are moderate, and houses and apartments are quite affordable compared to other European countries.
Reasons for investing in property in Portugal
Purchase of properties in Portugal for investment has many advantages:
- The country is showing steady economic growth, which makes it attractive to investors.
- The local market offers high rental yields and capital gains. This is especially true for popular tourist destinations such as Lisbon, Porto and the the Algarve. In Lisbon and Porto, rental yields are 5-7%, while property in Algarve can yield 4-5%.
- The price of real estate for sale in Portugal has shown steady growth in recent years, especially in large regions such as Évora (32.44%) and Madeira (22.81%). Overall, the value of housing has increased by 4.97% in the last year. Higher prices can lead to a good capitalization of investments.
Buying real estate in Portugal
Using our database greatly simplifies the home search process, saving you time and effort by allowing you to quickly view the most favourable options. You can specify your preferences, including area, number of bedrooms and bathrooms, location features, amenities and prices for villas and apartments in Portugal, and then explore suitable lots. Descriptions and photos provided by verified developers and agencies will help you evaluate options for investment and living and get detailed and up-to-date information before making a decision. Our platform also offers sorting tools, comparison tools and interactive maps for location analysis. In addition, there is a built-in converter to display prices in the currency you need.