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Purchasing property in Portugal is a good investment. The real estate market lost a lot of value over the past few decades, with its lowest point reached in 2012, but now it has recovered and is showing modest, stable growth year on year. A rough guide to property prices in Portugal sets the average at around €250,000 – although this varies according to location and property type.
You’ll find plenty of apartments available in urban areas. If you’re looking for a house, farmhouse or villa, then these would be found in suburban areas, as well as in towns and villages. Some locations, such as in Algarve, you can find a mix of old and new properties.
As a foreign buyer, it is advisable to have a property survey done before you commit to purchase. The survey will find any hidden issues which could be a pain to fix – so you can avoid a nasty surprise, especially if you’re buying an old property. Contact us if you are a foreign buyer wishing to purchase a property in Portugal.
No, there are no restrictions on foreigners purchasing properties in Portugal.
Agency fees when you buy a property in Portugal can be between 3-5% of the purchase price, and are paid by the seller.
Let us help with your property search in Portugal. We can help to make the process as simple as possible, and our team of experienced property specialists is here to help you navigate this exciting step. Your home in Portugal awaits! Also check out our Guide to Moving to Portugal!