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Pros and Cons of Moving to Portugal

By Dominic H Milner

Moving to a foreign country is often a chaotic and stressful experience. If you have decided to relocate to Portugal, there are a few things that you should consider. This European country is a popular destination for UK expats, with an economy primed for great success. A recent study indicates that this country rank at the top for people looking to retire abroad.

Here you will find some of the nicest and most polite people in the world. They will share...

Moving to Portugal

West coast of Portugal

This is a guest post by Julian Erbs.

Most Brits looking to move to Portugal are looking to trade the moody weather back home for a better life under the sun and amongst the friendly people Portugal is renown for. The nation’s beautifully warm and long summers paired with great food and wine are certainly one of the country’s greatest assets in the eyes of those looking to spend their twilight years in a warm and welcoming...

Buying Property in Portugal

The high unemployment rate and aggressive moves by banks to foreclose on property has led to a large depression in house prices in Portugal. This means that now is the time to find a bargain. Compared to what’s available in the UK, Portuguese properties offer much better value. For example for the price of a property for sale on the Isle of Wight, you can buy a house twice the size with a pool in sunny Algarve.

According to a recent report by the Royal Institute of Chartered...

How to get a great deal on foreign exchange when you buy a Portuguese home

If you’re planning on buying a second home in Portugal, then getting a good deal on foreign exchange probably isn’t the top thing on your list of priorities.

You might be more interested in, for example, making sure you choose the right second home, or finding a good local school for the kids, or learning the language.

In spite of this though, making sure you get the best rate when changing currencies is a crucial part of the process. To miss it is a little like making a...

Portugal Property Market News

With Europe’s economies still in crisis, what’s the outlook for buying property abroad?

A recent report has been released by the Royal Institution of Chartered Surveyors, the following articles have summarised the findings:

From Property-Abroad.com:

The latest data from the Royal Institution of Chartered Surveyors shows some improvement in activity and sentiment in the Portuguese property market, but reports that continued weak demand is still putting...

Driving in Portugal: make sure you are legal!

Make sure you follow the EU Safety Regulations for driving in Portugal:

Speed

*All speeds are in Km/h.

Country Motorway Main Road Urban Areas Portugal (P) 120 90 50 Daytime Running Lights Country Mandatory Limitations Portugal (P) no Saftey Equipment Country Flourescent Vest Warning Triangle First Aid Kit Fire Extinguisher Notes Portugal (P) Yes Yes NB: Make sure you check the very latest information, which also includes alcohol levels, cyclist info...

Portugal Property Tax (IMT – Imposto Municipal Sobre Transmissão Onerosa de Imóveis)

The Portuguese IMT (Imposto Municipal Sobre Transmissão Onerosa de Imóveis) is similar to the UK’s stamp duty* and must be paid on all property purchases. *There is also a Portuguese Stamp Duty to be paid on deeds, mortgages and loans.

There are now 2 different scales for IMT, one for permanent residences and one for second homes. For 2011 the IMT rates are as follows:

Permanent Residence Purchase Price (euros) % of Purchase Price Adjustment (reduce by euros) Up to...

Welcome to Portugal Property FSBO

Welcome to the new website for Portuguese Property sales. This new site has been launched to help both buyers and sellers meet and to improve the process of buying a property in Portugal.

What does FSBO mean?

The FSBO in our name stands for ‘For Sale By Owner’, what this means in effect is that we have cut out the middle man, the estate agent.  This site is not an estate agents.  We are a listings site, like eBay or Amazon resellers.

If you want to sell a...