Do you want to invest in Real Estate in Portugal? Here’s what we can do to help you!
The first time I decided I wanted to invest in Portugal, my family asked me why. To them, it would have been more natural to invest in Italy or Canada, where we spent some time. I am very happy I decided to invest in Portugal, for a number of reasons, but the first one because my investments have been working great.
There are a number of reasons why people want to invest in Portugal when they want to invest in Real Estate:
- They want to get a Golden Visa, a resident permit that is obtained when investing a certain amount (typically €500,000).
- They want to invest small amounts of money. The Portuguese Real Estate market is great because Real Estate can be really cheap.
- They are looking to invest in the coast, close to beaches. Portugal has the best coasts and beaches in Europe.
- and more!
If you follow my blog you know that I invest in Portugal for a while. All my investments have been performing really well and I am looking to invest more until I hit about $6000/mo in rental income (I am at about $1350 right now and will hit $2000 until the end of the year).
Buy property in Portugal
In my company, we work with many types of people:
- Buy and hold and fix and flip investors.
- Second home buyers (both coast and non-coast homes).
- Developers who want to develop properties.
Reasons why investors like to invest in Portugal
After working in over 20 transactions with investors, I am able to say why they typically want to invest in Portugal:
- There is a lot of opportunity for high-yield investments. My own portfolio has been operating at a 10%+ net profit. I have been looking into the multi-unit market and I found more opportunity there than in any other market.
- It is one of the cheapest (if not THE cheapest) real estate markets in Europe, therefore we should expect a correction to normalize the markets in Europe.
- Because it is cheap, it is also much easier for you to begin investing.
- The tax code offers many advantages in comparison to other tax codes (in particular, that of the US).
- You can get 100% financed. Have a look at my portfolio; I was 100% financed on my deals, except for the closing costs (about 2% of the purchasing price).
- The fix and flip market is safer than other markets.
- It offers a great market for time-sharing models for beach homes.
- It allows investors to diversify.
Reasons to buy Real Estate in Portugal
I could talk all they long about this, because there are very many (and so compelling) reasons to buy Real Estate in Portugal, especially as a retired foreigner. Here are some:
- If you buy Real Estate in Portugal, you’re well on your way to get a permanent visa permit.
- You can travel to any other location in Europe, Africa and the US/Canada spending less than
- The weather is great!
- It is one of the most beautiful countries in the world…
- Everything is cheap, so many people buy properties in Portugal just so they can spend some nice vacation over here. I can tell you that I live where you vacation!
Where to look / what to do if you want to buy Real Estate in Portugal
Buying real estate in Portugal can be hard for foreigners. The first thing that a foreigner has to know is where to buy. However, all markets are very different from one another and from my experience investors have no idea how different they are.
On top of that, they barely know important aspects, such as tax, transactions, and construction itself.
I typically invest in mid-sized to small cities, and I typically go after motivated sellers when I want to buy properties for me or the investors I work with. I feel comfortable in those markets are I know that I can always make money when I buy, as I usually buy way undervalue.
Our services
I offer consulting services if you’re looking to invest in Real Estate in Portugal, depending on the region you’re looking to invest in. I provide reports on the markets and I look for investment properties – both buy and hold and fix and flip.
If you want to have a simple report with data on te markets where we invest in, we usually charge from €700 to €2,900 + VAT. We also provide market studies and reports on specific cities and markets.
Our second service is to help the investor with the transaction, from the beginning until the end of the transaction. Our rate is 6% of the purchasing price, with a minimum of €5,000 + VAT. We can also represent you in the transaction too.
If you are thinking about buying a property in Portugal or if you want to know more about our service, send me an e-mail to fromcentstoretirement [at] gmail [dot] com.