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How has the Portugal Real Estate Market Changed?

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The increase in demand for real estate has noticed a drop of 13% in the stock of Portuguese properties available for sale in the first quarter of 2022 apart from the beginning, as a comparison to what was available in the same period in 2021. The most recent research confirms that the real estate sector in Portugal is booming.   In 2021, the real estate market in Portugal noticed a hike of 13.8%. And one year ago, the increase was only 5%. The market will have grown by 20% by 2022, affecting those who were not interested in purchasing. Objects have become more commonly bought in small towns. At the start of 2022, the average cost per square metre was 2,000€. The value of the new buildings was 1.5 times higher than the secondary market. It is just like paying 3088 € over 1871€ for a single-meter square.   The highest property prices were noticed in Real estate in Lisbon and Porto. On average, the cost of notice in the center of Lisbon is 4850 € per meter square, and th...

Reasons To Invest In Golden Visa Property In Portugal

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Are you a non-European looking forward to investing in the European country efficiently? If yes, then look no further than Golden visa property Portugal. The program offers a fast-track method for non-European investors to revive a residency permit in the country alongside other attractive tax advantages. It is defined by law as allowing one to increase their assets productively. The concept of the 280k Golden Visa in Portugal has been around since 2012. It was structured to enable non-EU citizens the right method to gain a residency permit in exchange for a six-year real estate investment. Reasons You Need To Invest In Golden Visa Property In Portugal: Not only has the Golden Visa program allowed many individuals to live and work in the area, but it has also done wonders for the local economy as well. The idea was proposed when the country was going through an economic recession.  However, when the concept was implemented, it helped the economy boost through the economic ...

Tips for First Time Home Buyers

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The prices for  real estate in Lisbon  are worrying the property investors, especially the first time home buyers who have always wanted to have a dream place of their own but now are hesitating by seeing the prices.  So, here are a few tips that will enhance your first-time home buying and ease the process.    1. Stick to the Budget  More than physical, home buying is an emotional experience but remember not to flood away in the emotions and don’t make an expensive instant purchase that doesn’t fit your monetary purchase and later feel restless.    Instead, stick to your budget, and you can always remodel and renovate your home when you have the money. This way, you will always feel safe & secure.    2. Secure the Finances  Before finalizing the property, secure your finances. For example, are you going to pay the entire amount in one go, or are you willing to take a loan?  If you’re saving up for a while, ...

4 Reasons Why You Should Retire In Algarve

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Algarve in Portugal is one of the most beautiful places in Europe and a great place to settle down post-retirement. If you are wondering whether you should look at property for sale in Algarve or not, here are some reasons that will help you to make up your mind. Beautiful climate all year through When we retire, we just want to relax as we have earned it! And what best place to do so but Algarve where the weather is pleasant all year through. The sun is out 300 days a year and it is not too hot even during the peak summer days. Add to the pleasant weather of the Mediterranean sea and what you have is the perfect place to relax all year through. High quality of life One of the safest countries in the European Union, Portugal is home to many expats especially retired expats. The people are courteous and welcoming in nature and deep-rooted in traditional family values. The food is also amazing, not only tasty but also very healthy. The products are often locally sourced whic...

Tips For Getting A Fair Deal For The House Purchase

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House purchases happen once in a lifetime, so the buyers must get the best profitable deal for an   apartment sale in Algarve  because they don’t want to dupe and the risks involved. So, the following tips will let you know how to get the best deal for the house.    1. Research  Research about the property you will be buying and also its value. Plus, compare the prices with the same property size previously sold and are about to be sold in the future.For example, if there are multiple similar apartments in the area and unsold, that means the value should be lower by a significant percentage.    Also, the values can’t be an exact match because the house’s location and age, amenities provided etc., also build up the house value. So, if you’re getting the accompanying figures, follow it blindly.    2. Buy From The Authorized Companies Before you start researching the house, first see that the  apartment  for  sale in ...

Tips for Putting Your Apartment for Sale

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Who wants to keep multiple houses in multiple locations in a fast-moving lifestyle? A very few, the reason is unnecessary expenses in the maintenance. So, it's better to sell unutilized houses.  Thus, if you're planning to sell the house, then here is the checklist of points to follow.  1. Valuation Once you have decided to put your  apartment for sale in Lisbon ,  immediately get the valuation either with the help of evaluation companies or individuals.  If not, you can research on the internet to find the core valuation of your property & keep adding for the additional facilities you will be providing.    2. Documents  Once the evaluation succeeds, prepare for the documents as the legal documents link a buyer & a seller. The lists of necessary are given below: Title documents: It shows that no unpaid amount remains in the property's name.  Previous sales papers: If the property has been sold multiple t...