Buying A Luxury Home In Portugal: Our Guide For High-End Homeowners Who Love The Sun

For luxury home buyers seeking to expand their property portfolios, Portugal can be the perfect destination. It boasts stunning views, great financial incentives and a stunning array of high-end properties. 

All of that and more means it’s perhaps no surprise that Portugal has been voted the best European country for those looking to buy a second home. While Spain is often most associated with ex-pats and holiday homes, Portugal is fast becoming the hot new place to buy property- both literally and figuratively! 

If you love the sun and want to expand your portfolio with a property in Portugal, then here are some basic tips to help you get started. 

Consider Location And Property Type

Portugal is an expansive country with many amazing cities and regions. Within these areas, there are also numerous types of property, ranging from managed apartments and condos to freestanding villas and sprawling estates. The type of property and where it’s located will influence almost every aspect of your luxury property search. From financing to suitability, every aspect of buying a property anywhere revolves around its location and type. So, it would help if you took the time to explore the options on offer and visit several areas before you make this vital choice. 

Use Experienced International Property Specialists 

Buying a property abroad can be challenging, especially if you don’t know the language and don’t have many local connections. Narrowing down your search helps, as does visiting the country and getting to know the area you want to live in, but it can still be difficult to find your dream home. Thankfully, international property experts like the team at Spot Blue can help find a property for sale in Portugal that suits your needs. By working with a dedicated international team, you can review all the options available and choose the ones that best meet your specifications before you head over to look at them in person. If you buy a property and you want to live there for a while, you should think of obtaining a residence permit in Portugal, after observing the local rules. 

Make A List Of Questions And Areas To Check 

Viewing every property on your shortlist in person is crucial before you make an offer, especially as you’re buying a luxury home and will probably be paying a premium price. Make a checklist of everything you need from a property and every aspect you want to check, such as the roof, HVAC system and other important features. You should also put together a brief list of questions before every viewing to ask your real estate agent, or the current homeowner if you’re able to speak with them. You’ll then ensure that you don’t forget anything when you arrive for your viewing and can tick everything off your list before you start getting excited about your potential new Portuguese home! 

Learn Basic Portuguese Property And Tax Law

Every country has its own property laws and tax system, and while Portugal is known to be friendly to second-home buyers, that doesn’t mean that you can be complacent. If you don’t know the basics of Portuguese property law and tax regulations, then you need to learn to ensure that you don’t make a potentially costly mistake. As well as property tax rules, you also need to have a general understanding of the Portuguese tax system, particularly if you want to relocate to Portugal and move your assets to the country. By doing research and staying informed, you can ensure that you make the right choices and don’t have to rely entirely on outside counsel when it comes to making major decisions. 

A Brief Summary 

Ultimately, while the process of purchasing a luxury property in Portugal might seem long and tedious, it’ll be worth the effort when you have your dream home from home to enjoy. Owning a luxury property in Portugal can be exciting and offer you the chance to make great memories with the ones you love the most, but only if you find the right home. These tips should help you to pick and purchase the perfect Portuguese property that you can treasure for the rest of your life. 

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