International Real Estate

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23
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40
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Thomas Youngman
  • Rental Property Investor
  • Portugal
40
Votes |
23
Posts

Property Investment in Portugal

Thomas Youngman
  • Rental Property Investor
  • Portugal
Posted Jan 8 2019, 17:57

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

User Stats

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Replied Sep 26 2022, 02:19
Quote from @Benjamin Werner:

Hi Joshua, I replied your DM.

Btw, I checked out the recent 2021 census data in Portugal and here are the Top-20 Municipios by resident (relative) population growth.

Interesting to see the dynamism led by Municipios around Lisbon e.g. Alcochete, Arruda dos Vinhos, Cascais, Mafra, Montijo, Palmela, Seixal, Sesimbra, Sobral de Monte Agraço, Torres Vedras. Maybe some hidden gems there? ;-)
But also quite interesting/surprising (for me) the Algarve. Because mind you, this numbers is resident population and not tourists.



Municipio Growth Resident population (No.)
Albufeira 8,2% 44.168
Alcochete 9,0% 19.145
Arruda dos Vinhos 4,5% 13.992
Braga 6,5% 193.349
Cascais 3,7% 214.158
Faro 4,0% 67.650
Lagoa 3,3% 23.734
Lagos 7,9% 33.500
Mafra 12,8% 86.521
Montijo 8,7% 55.689
Odemira 13,5% 29.576
Palmela 9,6% 68.856
Portimão 7,6% 59.867
São Brás de Alportel 5,5% 11.248
Seixal 5,2% 166.525
Sesimbra 5,8% 52.394
Sobral de Monte Agraço 3,8% 10.541
Tavira 5,2% 27.530
Torres Vedras 4,5% 83.075
Vila do Bispo 8,7% 5.717

 This is fascinating - I live in one of the cities mentioned here and invest in the other 🙂. Out of interest, @Benjamin Werner can you share the source of that data? Would love to have an easy-to-reference link in future.

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21
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Replied Sep 26 2022, 02:22
Quote from @Alistair Toffoli:

Hi everyone,

I'm Alistair from Milan, Italy. Big fan of Portugal, and interested in investing there. 

Anyone with experience in the real estate market in Lagos? In particular, I'd love to invest in a property and making it a vacation rental.

Also, I work in the STR industry so happy to connect and exchange ideas on the topic!

Cheers

---

 Hey @Alistair Toffoli - I live in Lagos and while I don't have any investment properties here, I've got a few friends that do. Happy to answer any questions you might have 🙂

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3
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Benjamin Werner
  • Investor
  • Munich, DE
5
Votes |
3
Posts
Benjamin Werner
  • Investor
  • Munich, DE
Replied Oct 19 2022, 10:04

Hi @Riaan Knoetze sorry for my late reply!

The census raw data can be accessed from the National Statistical Institute of Portugal website ww.ine.pt
Feel free to check out my following extract: https://docs.google.com/spread...

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12
Posts
7
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Derek H.
  • Investor
  • Boise, ID
7
Votes |
12
Posts
Derek H.
  • Investor
  • Boise, ID
Replied Nov 5 2022, 16:09

This seems like the most active Portugal string. Any investors or agents in Porto? Going for second trip in January for some more research. 

User Stats

20
Posts
12
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Joshua Beneventi
  • Real Estate Broker
  • Porto & Lisbon, Portugal
12
Votes |
20
Posts
Joshua Beneventi
  • Real Estate Broker
  • Porto & Lisbon, Portugal
Replied Nov 6 2022, 14:12

Hi @Derek H.! I can connect you to my business partner who is an expert in the Porto market. Will send a DM. 

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5
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4
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Willian Oliveira
  • Rental Property Investor
  • Setúbal, Portugal
4
Votes |
5
Posts
Willian Oliveira
  • Rental Property Investor
  • Setúbal, Portugal
Replied Nov 7 2022, 00:31

Hi guys,

I live in Ireland but invest in Setúbal, Portugal. 

I'm looking for a good accountant and tax expert when it comes to invest properties. I'd love some recommendations of people you already work with.

Tks

Will

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8
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1
Votes
Replied Nov 21 2022, 08:22
Quote from @Joao Antonio:

Hi Kate,

I just came last week from Azores and it seems not only a beautiful place but also great potential for STR. I will soon share some numbers of an analysis I did for that market.

-> Where to find people (architects, surveyors, etc): it’s hard to find people who operate on a national level, except for the main real estate agents. My suggestion is to study first the numbers / cities / markets and once you know your zones / cities of interest, look for people who can help you locally. For that you can use Google, FB and even Upwork. I recently started working with a surveyor that operates nationwide (www.valtecsa.pt). They will evaluate the property, eventual costs with repairs, etc - depending on the service you asks and their fees are about 250 EUR per report. I can share my point of contact of interests you.

-> How i do it: I personally like to do market analysis and then i do drive throughs + online search (www.idealista.pt is one of the best ones)

-> Mortage brokers: maxfinance.pt, www.decisoesesolucoes.com/intermediacao-credito, www.cafpi.pt, https://www.planos100.pt

-> Rehab - funding: being a foreign it’s not a problem, you can setup a company and still apply. There are consulting companies who do this (for a fee) and i can also share some contacts if you need some. 

Hope it helps and have a lovely day!


 Hello Joao,

Do you know if there is a site that has statistics that show what properties in a given area have sold for in Portugal?  

Thanks for any info and have a good day.

Kind regards,

Kate

User Stats

8
Posts
1
Votes
Replied Nov 21 2022, 08:23
Quote from @Juan Correia:
Originally posted by @Kate Van de Goor:

Hi everyone, 

This thread seems to be exactly what I was hoping to find! I'm new to the forums but I've been listening to the podcasts and webinars for a while. I'm hoping you are willing to help me with recommendations or advice.

Background: I'm scouting in Portugal in October. I want to purchase property(ies) over time and work towards a D7 visa using passive rental income as part of the financial requirement. I won't be able to move for a couple of years.

I'd like to view available properties when I visit - if that's possible. I'm looking at Coimbra, Porto, Ponta Delgada, Evora and a couple cities in the Algarve. What are your thoughts on rental properties in Portugal? Originally I wanted to purchase small multi-family but I haven't seen that in the listings I've searched. So now I'm thinking flats or small houses in towns that would be attractive to multiple markets (potentially expats, tourists, students, locals).

1. Can anyone recommend good real estate agents and property managers in the cities above?

2. What do you find to be the best avenue for rentals in Portugal?  Do people have reservations about long-term rentals - are short-term rentals better?

3. What missteps should I be wary of?

4. Are some banks better for mortgages than others (in terms of down payment, interest rate, length of mortgage etc.)?

5. Anything else you think is useful to know?

Thanks in advance for your time and for any information, I truly appreciate it.

Kind regards,
Kate

 Hi Kate, first things first, wellcome to Portugal :) I hope everything goes well.

Answering the questions:

1- In the Algarve I recommend Golden Algarve. However, you should explore REMAX, KW and ERA, which are really strong here.

2- Depends on the location. I would say that Porto, Lisbon and Algarve will work better for STR and Vacation rentals, Coimbra for student rentals and Ponta Delgada I don't know.

3- You should be careful about location. Like everywhere else, one street makes a huge difference on the price. Also, get a good attorney and a good CPA, given that the laws and taxes are heavy.

4- It depends. I would say that for real state loans, Bankinter, Santander and Caixa Geral de Depositos are the best. Caixa de Credito is good, but it depends on the branch.

5- I think you should get to know the market before investing. I mean, get to know Lisbon before you go to Porto, because they are very different markets. Actually, I would start maybe with smaller markets like Algarve, or Coimbra, but that's me...

Best of luck!!


Hi Juan, 

Do you know if there is a site that has statistics that show what properties in a given area have sold for in Portugal?

Thanks for any info and have a good day.

Kind regards,

Kate

User Stats

61
Posts
25
Votes
Juan Correia
  • Rental Property Investor
  • Portugal
25
Votes |
61
Posts
Juan Correia
  • Rental Property Investor
  • Portugal
Replied Nov 21 2022, 08:30
Quote from @Kate Van de Goor:
Quote from @Juan Correia:
Originally posted by @Kate Van de Goor:

Hi everyone, 

This thread seems to be exactly what I was hoping to find! I'm new to the forums but I've been listening to the podcasts and webinars for a while. I'm hoping you are willing to help me with recommendations or advice.

Background: I'm scouting in Portugal in October. I want to purchase property(ies) over time and work towards a D7 visa using passive rental income as part of the financial requirement. I won't be able to move for a couple of years.

I'd like to view available properties when I visit - if that's possible. I'm looking at Coimbra, Porto, Ponta Delgada, Evora and a couple cities in the Algarve. What are your thoughts on rental properties in Portugal? Originally I wanted to purchase small multi-family but I haven't seen that in the listings I've searched. So now I'm thinking flats or small houses in towns that would be attractive to multiple markets (potentially expats, tourists, students, locals).

1. Can anyone recommend good real estate agents and property managers in the cities above?

2. What do you find to be the best avenue for rentals in Portugal?  Do people have reservations about long-term rentals - are short-term rentals better?

3. What missteps should I be wary of?

4. Are some banks better for mortgages than others (in terms of down payment, interest rate, length of mortgage etc.)?

5. Anything else you think is useful to know?

Thanks in advance for your time and for any information, I truly appreciate it.

Kind regards,
Kate

 Hi Kate, first things first, wellcome to Portugal :) I hope everything goes well.

Answering the questions:

1- In the Algarve I recommend Golden Algarve. However, you should explore REMAX, KW and ERA, which are really strong here.

2- Depends on the location. I would say that Porto, Lisbon and Algarve will work better for STR and Vacation rentals, Coimbra for student rentals and Ponta Delgada I don't know.

3- You should be careful about location. Like everywhere else, one street makes a huge difference on the price. Also, get a good attorney and a good CPA, given that the laws and taxes are heavy.

4- It depends. I would say that for real state loans, Bankinter, Santander and Caixa Geral de Depositos are the best. Caixa de Credito is good, but it depends on the branch.

5- I think you should get to know the market before investing. I mean, get to know Lisbon before you go to Porto, because they are very different markets. Actually, I would start maybe with smaller markets like Algarve, or Coimbra, but that's me...

Best of luck!!


Hi Juan, 

Do you know if there is a site that has statistics that show what properties in a given area have sold for in Portugal?

Thanks for any info and have a good day.

Kind regards,

Kate


Hi Kate, yes:

www.idealista.pt

www.pordata.pt

www.imovirtual.pt

User Stats

8
Posts
1
Votes
Replied Nov 21 2022, 10:19
Quote from @Juan Correia:
Quote from @Kate Van de Goor:
Quote from @Juan Correia:
Originally posted by @Kate Van de Goor:

Hi everyone, 

This thread seems to be exactly what I was hoping to find! I'm new to the forums but I've been listening to the podcasts and webinars for a while. I'm hoping you are willing to help me with recommendations or advice.

Background: I'm scouting in Portugal in October. I want to purchase property(ies) over time and work towards a D7 visa using passive rental income as part of the financial requirement. I won't be able to move for a couple of years.

I'd like to view available properties when I visit - if that's possible. I'm looking at Coimbra, Porto, Ponta Delgada, Evora and a couple cities in the Algarve. What are your thoughts on rental properties in Portugal? Originally I wanted to purchase small multi-family but I haven't seen that in the listings I've searched. So now I'm thinking flats or small houses in towns that would be attractive to multiple markets (potentially expats, tourists, students, locals).

1. Can anyone recommend good real estate agents and property managers in the cities above?

2. What do you find to be the best avenue for rentals in Portugal?  Do people have reservations about long-term rentals - are short-term rentals better?

3. What missteps should I be wary of?

4. Are some banks better for mortgages than others (in terms of down payment, interest rate, length of mortgage etc.)?

5. Anything else you think is useful to know?

Thanks in advance for your time and for any information, I truly appreciate it.

Kind regards,
Kate

 Hi Kate, first things first, wellcome to Portugal :) I hope everything goes well.

Answering the questions:

1- In the Algarve I recommend Golden Algarve. However, you should explore REMAX, KW and ERA, which are really strong here.

2- Depends on the location. I would say that Porto, Lisbon and Algarve will work better for STR and Vacation rentals, Coimbra for student rentals and Ponta Delgada I don't know.

3- You should be careful about location. Like everywhere else, one street makes a huge difference on the price. Also, get a good attorney and a good CPA, given that the laws and taxes are heavy.

4- It depends. I would say that for real state loans, Bankinter, Santander and Caixa Geral de Depositos are the best. Caixa de Credito is good, but it depends on the branch.

5- I think you should get to know the market before investing. I mean, get to know Lisbon before you go to Porto, because they are very different markets. Actually, I would start maybe with smaller markets like Algarve, or Coimbra, but that's me...

Best of luck!!


Hi Juan, 

Do you know if there is a site that has statistics that show what properties in a given area have sold for in Portugal?

Thanks for any info and have a good day.

Kind regards,

Kate


Hi Kate, yes:

www.idealista.pt

www.pordata.pt

www.imovirtual.pt


 Thank you very much. Do you know if any of these show what the properties would be appraised at (by the bank)?  

User Stats

61
Posts
25
Votes
Juan Correia
  • Rental Property Investor
  • Portugal
25
Votes |
61
Posts
Juan Correia
  • Rental Property Investor
  • Portugal
Replied Nov 21 2022, 14:09
Quote from @Kate Van de Goor:
Quote from @Juan Correia:
Quote from @Kate Van de Goor:
Quote from @Juan Correia:
Originally posted by @Kate Van de Goor:

Hi everyone, 

This thread seems to be exactly what I was hoping to find! I'm new to the forums but I've been listening to the podcasts and webinars for a while. I'm hoping you are willing to help me with recommendations or advice.

Background: I'm scouting in Portugal in October. I want to purchase property(ies) over time and work towards a D7 visa using passive rental income as part of the financial requirement. I won't be able to move for a couple of years.

I'd like to view available properties when I visit - if that's possible. I'm looking at Coimbra, Porto, Ponta Delgada, Evora and a couple cities in the Algarve. What are your thoughts on rental properties in Portugal? Originally I wanted to purchase small multi-family but I haven't seen that in the listings I've searched. So now I'm thinking flats or small houses in towns that would be attractive to multiple markets (potentially expats, tourists, students, locals).

1. Can anyone recommend good real estate agents and property managers in the cities above?

2. What do you find to be the best avenue for rentals in Portugal?  Do people have reservations about long-term rentals - are short-term rentals better?

3. What missteps should I be wary of?

4. Are some banks better for mortgages than others (in terms of down payment, interest rate, length of mortgage etc.)?

5. Anything else you think is useful to know?

Thanks in advance for your time and for any information, I truly appreciate it.

Kind regards,
Kate

 Hi Kate, first things first, wellcome to Portugal :) I hope everything goes well.

Answering the questions:

1- In the Algarve I recommend Golden Algarve. However, you should explore REMAX, KW and ERA, which are really strong here.

2- Depends on the location. I would say that Porto, Lisbon and Algarve will work better for STR and Vacation rentals, Coimbra for student rentals and Ponta Delgada I don't know.

3- You should be careful about location. Like everywhere else, one street makes a huge difference on the price. Also, get a good attorney and a good CPA, given that the laws and taxes are heavy.

4- It depends. I would say that for real state loans, Bankinter, Santander and Caixa Geral de Depositos are the best. Caixa de Credito is good, but it depends on the branch.

5- I think you should get to know the market before investing. I mean, get to know Lisbon before you go to Porto, because they are very different markets. Actually, I would start maybe with smaller markets like Algarve, or Coimbra, but that's me...

Best of luck!!


Hi Juan, 

Do you know if there is a site that has statistics that show what properties in a given area have sold for in Portugal?

Thanks for any info and have a good day.

Kind regards,

Kate


Hi Kate, yes:

www.idealista.pt

www.pordata.pt

www.imovirtual.pt


 Thank you very much. Do you know if any of these show what the properties would be appraised at (by the bank)?  

Idealista in the lower part should have some information.
Appraisals in Portugal depend a lot on the person doing it. But, normally, if the price per square meter is the market's avarage, the appraisal should come more or less on the asking price.
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