Cheap Properties in Portugal - How to Find Cheap Houses Online?

Cheap Properties in Portugal - How to Find Cheap Houses Online?

00:00 Intro
01:41 The divisions of Portugal
02:41 Prices per Square Meter in Portugal
04:19 Best sites to find real estate in Portugal
05:10 Idealista
Mortgage for Non-Residents in Portugal
05:51 Examples of Cheap Property in Portugal
11:18 Golden visa in Portugal for Real Estate Investors and the D7 option

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Portugal divisions (Continental Portugal, Archipelago of Azores, Madeira, Algarve)
-Portugal is divided into 18 districts and 2 autonomous regions, which are the archipelagos. We will not cover the archipelagos in this video.
There are ten Metropolitan areas in Portugal, which include Lisbon, Porto, Coimbra, Braga, Funchal and some others.
However, only Lisbon and Porto are actually large sized cities.

Prices per square meter in Portugal

-Portugal, despite being a small country, with slightly more than 10 million inhabitants, actually has pretty varied property prices.
-The most expensive place to buy real estate in Portugal is the capital Lisbon and its surrounding areas. The difference between prices in Lisbon and the rest of the country is very significant.
-In Lisbon, prices per square meter can easily be at around 4 to 5k euros.
-Porto, is the second largest city in the country and also the place ranking second in terms of real estate prices. But the price difference from Lisbon to Porto is sharp. You can find many properties in Porto around the 2500 euros per square meter.
If you go to smaller cities like Coimbra, Braga, Aveiro, you can find even cheaper properties. The Algarve is also an option, with prices being slightly cheaper than Porto, for example.
-It is important to say that you don’t need to actually buy property to retire in Portugal. You can simply rent, get your visa and residence permit and live in Portugal indefinitely as a renter.

Casa.sapo.pt
olx.pt
Idealista

-What is idealista?
-Using Idealista to find cheap houses and apartments in Portugal
-Mortgage Calculator
-Non-residents can obtain a mortgage in Portugal through a Portuguese bank

Mortgage for non residents

Examples of cheap properties in Portugal

Example 1 Price 85.000 € 48m2

Example 2 Price 49900 eur 136m2

Example 3 Price 495000 158m2

Example 4 Price 300.000 33m2

Considerations when buying a cheap house in Portugal if it is in a secluded area

-You will need a car
-It will be difficult to find tenants
-The property will have very low liquidity in case you want to sell it
-You can probably bargain the price heavily

Golden Visa Portugal Requirements for Real Estate Investors

-Minimum 500k euros investment for any type of residential property
-The investment can be reduced to 350k euros if the real estate fits some criteria like being older than 30 years or in some other cases.
-It can go even lower to 280k euros, if we are talking about real estate in areas with low density.
-There are other classes of investment to get the Portuguese Golden Visa which are not related to real estate but we won’t cover them in this video.
-One or multiple properties.
-You can renew it as long as you maintain the investment in the country.
-There is a minimum time you need to stay in the country, for the first year, it is 7 days, but it gradually grows, but not by much every year.
-After 5 years you can apply for permanent residency. Which is in my opinion the best deal to get permanent residency in the European Union, with a very low minimum stay.
-After 1 year living in Portugal as a permanent resident, you can apply for citizenship.

Видео Cheap Properties in Portugal - How to Find Cheap Houses Online? канала traveleconomics