Real Estate in Portugal

The Portuguese government is currently encouraging foreign investment, so the leading banks in Portugal are providing foreigners with financing services. As a foreign investor, you are eligible for a local mortgage to buy real estate in Portugal at low interest rates, which is a rare opportunity. In order to get a mortgage on the property you want to purchase, the bank will require a minimum deposit of 20% of the cost of the purchase, and will provide the remaining 80%. You must provide all the paperwork required by the investment bank, such as payslips, proof of repayment capability, and more. Before taking a mortgage, it is important to set an investment budget, wisely select the property, and then hire the services of experts who are familiar with the local banking system, procedures in Portugal, as well as the different options available to each investor. These experts will streamline the process and ensure efficient and smart risk management for the investor.

In summary, the immense number of tourists (about 70 million annually), low prices, affordable investments, and numerous investor incentives make Portugal a country with enormous potential when it comes to real estate investments, such as flats and commercial property to serve the tourist and Airbnb market. Before contacting the bank to finance a real estate transaction in Portugal, it is important to conduct an in-depth study of the market and identify the price range for various transactions. Also keep in mind that real estate transactions involve numerous risks so it’s important to consult with experts in the field. Good luck!