How much does real estate cost in Portugal?
In Portugal, property prices strongly depend on the region where a particular property is located. The average apartment price in Portugal is € 1,500-2,000 per square metre, depending on the property location. Real estate is slightly cheaper in the north of the country.
Can a non-resident buy a property in Porto?
Yes, non-residents can be issued a mortgage loan to buy property in Porto. Special terms of mortgage lending for non-residents — the loan term up to 75 years of age for the eldest borrower and a down payment of 40–50%. The mortgage rate is a floating one, of 3% for residential properties and 5% for the commercial ones.
Is there a real estate market in Porto?
The Portuguese property market is one of the European real estate markets that have been growing most actively over the past few years. Therefore, real estate investments are very profitable in the country. Porto is a city on the northwest coast of Portugal with magnificent bridges and wineries.
Which is the second largest city in Portugal?
Therefore, real estate investments are very profitable in the country. Porto is a city on the northwest coast of Portugal with magnificent bridges and wineries. The second largest city in Portugal. Someone calls it the northern capital of Portugal. The city has a very diverse architecture: there are medieval monuments and modern buildings.
Where is the farm house in Portugal for sale?
Farmhouse with 13-bedroom for sale in Santo Estêvão, integrated in a land with 6.5 hectares located at 45 minutes from Lisbon.Situated in an estate that was previously dedicated to cattle, equine and sheep, and which was later subdivided in small farms… Read more
Where is the manor house in Portugal for sale?
7-bedroom manor house for sale in Magoito, inserted in a property with 11 400m2 located in the Natural Park Sintra and Cascais and about 2km from the beach.This manor house, built in the first half of the 20th century, has been fully restored with the… Read more
Is there a demand for villas in Portugal?
With this in mind, the demand for property located outside city centres has increased as a result of the pandemic, and many people are now opting to buy villas in Portugal instead of flats. Let’s have a closer look at the rising demand for villas for sale in Portugal.