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PORTUGAL HOTELS

Buying a property in Portugal

After Spain and France, Portugal has become the third most popular European country for second-home investments.

In recent years buying a property in Portugal has become extemely popular, particularly with UK nationals. There is something very rewarding about owning your own second home in another country and many find that this arrangement is more preferable to seeking a different destination for each holiday. Since the advent of low cost air flights the Portugese property buying business has become huge. Many celebrities have brought exclusive properties in Portugal's finest areas, and this has contributed to the rising prices of investment properties in Portugal.

There are an increasing number of property exhibitions that aim to persuade you to purchase a brand new or nearly new property in Portugal. Sales staff are skilled in using highly seductive marketing methods to sell as many as possible. Like all other salespeople, they know that if a customer has time to go away and think about a purchase, then a sale is lost as is their commission! You should not however feel pressured into ‘signing on the dotted line’ there and then.

You should always seek expert advice when buying your first investment property in Portugal. However this article aims to provide a basic insight into points to remember or consider when you embark on buying a property abroad. Be sure to read as much as you can about protecting your rights and your investment before taking the plunge.

In recent years Portugal has become more desireable for those seeking an investment property in the sun. This is generally because the climate is similar to that in Spain but the pace of life tends to be more relaxed.

If you are generally interested in buying a property in Portugal, you need to consider whether you go for a property on a modern complex or opt for the peace and quiet of an authentic Portugese village. Prices tend to be lower the more inland you go.

Many mortgage lenders in Portugal insist that Portugese properties must be bought through the medium of an offshore company. However, this is not something the borrower needs to be concerned about as it is taken care of by the mortgage lender. Most Portugese banks will lend a mortgage to non-residents at up to 75% of the valuation of the property. You should always get a survey or homebuyers report and you will need to submit two recent utility bills giving proof of your address, some photographic identification, six months' bank statements, payslips and additional information on request in order to satisfy the lender's requirements as to your financial status.
December 2005

PORTUGAL HOTELS - 11 examples from our database

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HOTEL: Self Catering Holiday Apartments in Portugal Algarve Lagos
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Rooms from EUR44

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HOTEL: Naturest guesthouse in rural Portugal - naturists welcome
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Rooms from EUR30

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HOTEL: Renovated farmhouse on the edge of the National Park Vila do Bispo, Nr Sagres
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Rooms from EUR30

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HOTEL: Luxury Algarve Hotel overlooking miles of unspoiled beaches
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215 Bedrooms

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HOTEL: Unforgettable taste of hospitality - luxury resort hotel
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179 Bedrooms

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HOTEL: B&B house in the country with pool, close to village and beaches, lovely scenery
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Rooms from EUR55

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HOTEL: The perfect place for a relaxing Holidays in the Atlantic Ocean
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Rooms from EUR75

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HOTEL: Beautiful Modern Apartments in a quiet area in Funchal close to everything
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Rooms from EUR40

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HOTEL: Ideal for walking, surfing, beach holidays or just to get away from it all
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Rooms from EUR50

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HOTEL: hotel, residential, pension, guesthouse, room, hostel, downtown, Coliseum
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23 Bedrooms

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HOTEL: Algarve Luxury Golf & Spa Accommodation with Gourmet Restaurant
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Resort Hotel

Popular Towns/Cities for adverts within Portugal

ALBUFEIRA HOTELS - WESTERN ALGARVE  ALBUFEIRA HOTELS 2 adverts present in our database with 1 Resort Hotel Listing, 1 Beach Hotel Listing

LUZIANES HOTELS - BEJA  LUZIANES HOTELS 1 adverts present in our database with 1 Bed & Breakfast Listing

SAO LUIS HOTELS - BEJA  SAO LUIS HOTELS 1 adverts present in our database with 1 Bed & Breakfast Listing

LAGOS HOTELS - WESTERN ALGARVE  LAGOS HOTELS 1 adverts present in our database with 1 Resort Hotel Listing

VILA DO BISPO HOTELS - WESTERN ALGARVE  VILA DO BISPO HOTELS 1 adverts present in our database with 1 Bed & Breakfast Listing

CARRAPATEIRA HOTELS - WESTERN ALGARVE  CARRAPATEIRA HOTELS 1 adverts present in our database with 1 Bed & Breakfast Listing

AMOREIRA HOTELS - LISBOA  AMOREIRA HOTELS 1 adverts present in our database with 1 Resort Hotel Listing

CANICO HOTELS - SANTA CRUZ  CANICO HOTELS 1 adverts present in our database with 1 Bed & Breakfast Listing

SANTA MARIA MAIOR HOTELS - MADEIRA  SANTA MARIA MAIOR HOTELS 1 adverts present in our database with 1 City Hotel Listing

PORTO HOTELS - DOURO LITERAL  PORTO HOTELS 1 adverts present in our database with 1 Bed & Breakfast Listing

DISCLAIMER: You should note that all hotel information listed on this website has been provided by the advertisers and no guarantee can be given by Structured Internet Ltd regarding any of the hotels listed. Whilst every care has been taken in publishing the information, Structured Internet Ltd is not responsible for individual content and will therefore not be liable for any misunderstandings, errors, omissions, or claims arising from any enquiries or bookings made with an advertiser. You are advised to take the necessary steps to assure yourself of the legitmacy of any information published before booking a hotel and ensure all details, booking conditions, prices etc are confirmed by e-mail or in writing with the owner or vendor. Travel Insurance is essential and you should always ensure that you get adequate cover from a reputable supplier.

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