Doubts and questions often arise when considering an overseas property purchase. Below you will find simple answers to some of your initial questions.
Yes, foreign individuals can purchase property in Portugal without restrictions.
If you are looking for a safe medium to long term investment, the Portuguese property market has much to offer and healthy rental yields and capital appreciation of up to 10% is being achieved in some hotspot locations. Portugal's huge appeal as a tourist location and second home or retirement option is due in part to a safe and solid economic climate that continues to draw overseas property purchasers.
Other factors such as high build quality compared with other European locations, a low cost of living and a beautiful climate are added factors to draw purchasers. For golf enthusiasts, the abundance of courses extending throughout the popular Algarve in southern Portugal are famed for their world class excellence and top notch facilities. Finally the proximity of Portugal from many EU locations, along with a large expatriate community both contribute to making it a highly popular choice amongst foreign purchasers.
Economically and politically, as a member of the EU and of NATO, Portugal offers a modern and stable environment in which to invest. The tourism industry has undergone a high degree of development and now contributes 5% of the wealth of the Portuguese economy. Since EU membership, Portugal has come a long way to raise living standards to levels of fellow EU states and a steady inflow of EU funds has helped modernise the country's entire infrastructure in line with today's standards.
The joining of EMU in 2002 brought exchange rate stability to Portugal, as well as a drop in inflation and lower interest rates. Falling interest rates have caused a reduction in the cost of public debt and a greatly improved fiscal environment.
Many major budget airlines operate to Faro (serving the Algarve) and Lisbon (for Lisbon and the Silver Coast), but you will also find some more limited services to Porto, an ideal entry point for access to the north of Portugal.
Airlines flying to Portugal include BA (www.ba.com), easyJet (www.easyjet.com), Ryanair (www.ryanair.com), TAP Air Portugal (www.flytap.com), Monarch (www.flymonarch.com) and First Choice (www.firstchoice.co.uk)
Portugal is approximately 2 ½ hours direct flying time from the UK.
A visa is not required to visit Portugal for stays up to 90 days.
Get the latest property and investment opportunities direct to your inbox (you can unsubscribe anytime)
The Chinese Penchant for Portugal
Lisbon Rising in Popularity with Foreign Buyers
Portugal Real Estate a Key Asset for 2015
Chinese Property Investors on Buying Spree in Portugal
Investment pours in to Portugal's Property Market
The Future's so Bright, Portugal's Wearing Shades
All property news from Portugal
Subscribe to our RSS Feed
Fill out a requirements form and our experts will help you find a great selection of properties for sale in Portugal.
Help me find property in Portugal
Considering a property purchase in Portugal or need to transfer currency to/from Portugal?
Save Thousands in Currency Transfers
When considering a buying property in Portugal, you are well advised to get expert mortgage advice from a mortgage broker.
Get a mortgage quote in Portugal
Owners Direct is one of the UK's leading direct from owner rental websites and the first choice for holiday home owners who want a cost effective and easy way to fully book their properties.
Find out more
If you own or are about to purchase property in Portugal, you get an insurance quote using our online insurance quote form.
Get Insurance in Portugal
Do you have your British assets covered by a will?
Do you have your movable foreign assets covered by a will?
Have you made plans to protect your family in the event of your death?
Get more information on Wills
Everything you need to know about transferring your UK Pension is in our downloadable guide.
Get more information on Pensions
Castelo Branco Property
Distrito da Guarda Property
Distrito do Porto Property
Regiao Autonoma da Madeira Property
Regiao Autonoma dos Acores Property
Viana do Castelo Property
Vila Real Property
Subscribe to our newsletter and keep up to date with the latest and best investment opportunities around the world!