Renting out your property is an excellent way of helping to pay some or all of the annual costs, as well as helping to cover any mortgage payments. Rental income varies depending upon the facilities you provide, the location and the facilities on offer, and the seasons; May/June to September being the high season with…
As with UK or Ireland, this depends on the price of your property and when you buy. As a guideline, annual running costs for an average 2/3 bedroom property will be £1,000 – £1,500 per annum. This will include gas, electricity, water, local rates, community fees and insurance. Your appointed Lawyer will ensure that all…
Portuguese regulations state that anyone who lives in Portugal for more than 183 days a year should have official residency. There is no advantage in full time residents not applying for full residency and this simple process can be done at the local department of immigration. You will also need to apply for a tax…
There are a number of legal steps required to purchase a property in Portugal: Surveying the property – If you are buying a resale property, a survey on the property is strongly recommended. A surveyor will inspect the property and prepare a report which will show any defects that may not always be visible. It…
Financial obligations. It is important to have your finances in place or agreed in principle. Our associates in Portugal offer independent financial advice and will assist or advise you of all the options available. Various finance options are available: · Cash purchase · Cash from equity release or a re-mortgage of UK property · Part…
If purchasing a resale property that is already built, it is very different. After a deposit payment agreed with the vendor, the balance will be required at completion – within 30 days under normal circumstances. Home in the Sun and our partner company provides a comprehensive after sales service, totally free of charge. Our partners…
When looking to buy a property in Portugal, you will no doubt have a number of questions or factors to consider. There is certain criteria that you will want to be taken into account e.g. near the beach, inland, near to golf and of course investment level. With new build property we take all your ‘wants’ into account and…
Purchasing a property in Portugal has proved an excellent investment for many people and will continue to do so.The Algarve is famous for many things, but the wonderful quality of life has to be the greatest reason millions of people flock to it tranquil shores, golden sands and the gentleness of its native people. You can rest…