How far will the rise in property prices in Lisbon go? This is a question that we are entitled to ask following the sale of the most expensive real estate in the history of Portugal. It is a rooftop apartment with private pool, gym and spa overlooking the Tagus River. Although the penthouse was acquired for an amount deemed exorbitant, the owner of the penthouse asked to remain anonymous. The owner of Lisbon's most expensive apartment will also enjoy views of Eduardo VII Park or São Jorge Castle from its 260-square meter terrace. Is it too expensive for an apartment in Lisbon? Does it deserve its price of 7.2 million euros? Lisbob, the expatriate's assistant in Portugal, tells you all about this new real estate madness in the Portuguese capital.
After the euphoria of recent years, the rise in property prices in Portugal is declining and stabilizing. Investment in the residential market is starting to "lose momentum" at a time when demand is weakening and showing signs of slowing down. Lack of supply continues to weigh on prices, but less than before, also because of the upward trend in supply for new construction. With this change of cycle in sight, is it time to think about selling your property in Portugal ?
In Portugal, capital gains from real estate assets correspond to the profit obtained from the sale of a house. They consist of the difference between the price at which someone bought a property and the price to which this same property has been sold. If there is a loss instead of profit, then there is no tax. In Portugal, the sale of real estate can sometimes have unpleasant surprises. Real estate gains are heavily taxed, and their calculation is important to take into account before any final decision. Selling your house in Portugal is not easy. Whether buying or selling property in Portugal, taxes are as usual. How to calculate the capital gain on real estate assets in Portugal ? How to calculate the taxes on the capital gain in Portugal ? How to benefit from a tax exemption for the resale of your property in Portugal ? Lisbob, the expatriate assistant in Portugal, tells you all about the capital gains of real estate assets and taxes related to the sale of house in Portugal.
The National Institute of Statistics of Portugal INE has published the official and definitive figures of the Portuguese real estate market for 2018. More and more real estate are sold and for higher and higher values. Lisbon continues to shine in the real estate market, but last year, the palm of the region with the fastest growth was the Alentejo. According to data from the National Institute of Statistics (INE), prices have risen for the last 5 consecutive years, but they are starting to show signs of slowing down. Lisbob, the expatriate assistant in Portugal, gathered the ten official and definitive figures of the Portuguese real estate market in 2018.
Portugal has introduced a new law on the right to housing and has introduced a new type of lease: the life contract. Indeed this new law of the right to sustainable housing makes it possible to conclude contracts of housing for life between owners and tenants. In practice, the real right to sustainable housing functions as a tenancy agreement that lasts until the tenant dies. But this implies compliance with other obligations that the "conventional" lease does not provide. This new type of lease for life allows for some stability but also entails new obligations on the part of the tenant and the owner. What are the terms of the lease for life? How does the lease with life lease in Portugal work? Lisbob, the expatriate assistant in Portugal, tells you all about the lease for life.
If you live in Portugal and especially in Lisbon, then you know that it is becoming more and more difficult to find accommodation. However, Portugal seems to have taken the measure and helps tenants by protecting the duration of the contracts and the end of them. The Portuguese Parliament approved a measure proposed by the Socialist Party (PS), which provides for a minimum duration of one year for housing rental. Even contracts signed for a shorter period now have a minimum contract of one year. Portugal has been on the offensive for some time to protect the long-term rental of residents of Portuguese cities, such as Lisbon and Porto. The recent slowdown at Alojamento Local is not the only measure implemented to protect the inhabitants. This new law establishes a minimum duration of 12 months for any rental contract. What does this new measure imply ? What does this new regulation say about long-term leasing ? Lisbob, the expatriate's assistant in Portugal, tells you all about this new law on leasing.
If you have made the decision to live in Portugal, your expatriation will necessarily go through a move. Leaving your country and moving to Portugal can become a brain teaser if you are unprepared and if you do not know which trusted carrier to turn to. The organisation of a move from United-Kingdom or another country to Portugal must be done with preparation and certain precautions must be taken. Indeed, moving to another country is not easy if you are not prepared. How to prepare for your move ? What are the precautions to take to move from your country to Portugal ? How to move to Portugal ? Lisbob, the expatriate assistant in Portugal, tells you everything about moving serenely to Portugal.
The Lisbon City Council has just opened the applications to be able to rent low-rent housing from € 124. Good news for those who cannot find affordable rental housing in Lisbon and are already thinking about fleeing to the suburbs. Do not pack your bags now because the Lisbon City Council has just opened applications for 36 low-rent housing units since Monday, July 2, 2018. What is the price of these homes ? How to be a candidate ? Which areas are concerned ? Bob, the expatriate assistant in Portugal, tells you all about low-rent housing in Lisbon.
New rules on mortgages and consumer loans in Portugal were introduced as of Sunday, 2 July. As an expatriate, it is sometimes difficult to know the different rules in norm of credits house or consumer especially when one does not speak the language. If you want to buy a house in Portugal read this: The Bank of Portugal has published new rules that apply to borrowers as well as banks and they change the way you can borrow. What is the maximum debt ratio accepted? What is the maximum percentage loaned by banks to buy a house in Portugal? What is the term limit of a home loan or consumer loan? Lisbob, the expatriate assistant in Portugal, tells you all about the new rules introduced by the Bank of Portugal on consumer loans and mortgages, so that buying a house in Portugal becomes a pleasure.
When you decide to move abroad and buy a house or other property in Portugal, it is essential to weigh all the costs associated with it. In addition to notary fees and administrative costs, you should pay particular attention to taxes on the purchase of goods. Indeed, Portugal is famous for its “hidden” taxes that everyone should take seriously before to decide to buy a house. While putting aside the financial weight of a home loan, it is true that all the other costs associated with buying a home in Portugal mean that the total amount of the purchase of the property becomes much higher. The first step will be to find financing tailored to your needs and your payment capabilities. What are the taxes when buying a house in Portugal ? What taxes to pay when you buy a property ? Lisbob, the expatriate assistant in Portugal, tells you everything about real estate taxes in Portugal.