Property Investment in Portugal
Hi,
The purpose of this post is to connect with anyone interested/actively investing in the Portuguese Real Estate market.
I am moving to Portugal in March 2019 and wanted to connect with fellow Property investors. There seems to be an interesting investment case for Portugal currently and by building a supportive network of investors we will be able to discuss opportunities and build our experience faster than if we go it alone
When I arrive in March I will be focusing on learning the market and seeing which strategies will work for me.
Thanks
Thomas
Ruis,
It's my understanding that all vacation rentals that are operated out of a single family residence require the AL license.
@Mike Lambert @Rui Dias Costa,
Can you maybe share a high-level list of the proposed AL changes? The biggest ones I'm aware of include:
* Limit the availability of new AL licenses to only interior districts;
* Increase the tax rates for AL;
* Force a review of existing AL licenses in 2030;
Quote from @Chris Barrett:
Ruis,
It's my understanding that all vacation rentals that are operated out of a single family residence require the AL license.
It is my understanding that you can do STR has "Alojamento Local" or "Arrendamento Curta Duração". The framework is different though. From what have been explain to me there are advantages and disadvantages in both situations and they aren't exactly interchangeable.
Don't know much more than this.
I do recommend you seek a professional (probably lawyer).
Regards
Quote from @Riaan Knoetze:
@Mike Lambert @Rui Dias Costa,
Can you maybe share a high-level list of the proposed AL changes? The biggest ones I'm aware of include:
* Limit the availability of new AL licenses to only interior districts;
* Increase the tax rates for AL;
* Force a review of existing AL licenses in 2030;
Don't know. Sorry.
Regards
Based on the translation that would be short term rental (vacation rentals) and mid-term rentals (month at a time)?
Quote from @Chris Barrett:Hi,
Based on the translation that would be short term rental (vacation rentals) and mid-term rentals (month at a time)?
I believe they have legal definitions and frameworks. Translation probably won’t give you the definition / information you need to form an opinion.
Don’t know more than this. Sorry. Recommend that you speak to someone that actually does STR or is a professional.
Regards
Hello.
Im a real estate investor living in New York and am interested in networking and investing in Portuguese real estate. Let’s connect.