Houses for Sale in Portugal
There are various types of house for sale in Portugal, a few of which are described below. Obviously, the type of house you look for will depend on your budget and motivation for buying. Some houses for sale in Portugal will go to foreigners looking for a holiday home, or a rental property, but there is a growing number of people who wish to make Portugal their permanent residence and so are looking for larger properties, or houses in a different area to those who are hoping to rent theirs out.
Two-thirds of property owners in Portugal buy a community property, that is to say an apartment in a block of apartments, a townhouse or a property in an urbanização (purpose-built estate). The latter are often furnished with a golf course, bar, restaurant, swimming pool, tennis courts, roads, play areas, and even gyms, riding stables and other touches of luxury. There is a premium on these facilities, of course, which is added to the price of the house for sale. All community property purchases involve buying, not only the house, but a proportion of the common facilities as well, and you will pay community fees towards their upkeep. Many an urbanização is built with holidaymakers in mind. Prices are often lower than for individual properties (ie, those on their own plot of land).
Many people want to buy a villa because they represent privacy, a good rental income all year and little chance of falling in value. Villas come in all shapes and sizes, old and new, and often sell for more than a million euros even in the remoter areas of Portugal. Expect prices to be high in popular property spots like the Algarve and Lisbon.
Townhouses are not what you might expect if you are used to the Victorian and Georgian variety in London. In Portugal they are built on an urbanização and designed to house a nuclear family. The living area may be open plan. Kitchens tend to be large. Outside space may include a plunge pool in the back garden though the front door often opens onto the street. Barbeque areas, terraces and balconies are common features of townhouses.
Townhouses are not to be confused with a house in town, which is generally an older property in need of work, in the less touristy areas and small villages. Full of smaller rooms to accommodate the large families of yore, these houses are becoming increasingly valuable so prices will be high in popular areas.
Farmhouses and rural properties generally need a lot of work but offer buyers the chance to get a large individual property for a snip and, as long as they get a full survey and are aware of renovation costs, this type of house for sale in Portugal definitely answers many of buyers' demands.
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