How Did We Get Here

Since interest rates are low, financing the purchase of a property through a national bank loan could be an interesting option, especially because since 2010, Portuguese banks have not been lending as much as they are now. Having as goal the finding of advantageous solutions that make the purchase of a house at a time when access to bank credit is strongly limited, we sign partnerships with the main bank institutions so as to offer excellent business opportunities to all our clients.

The steeper price of land plots and the superior quality of the properties in Portugal has led to the property costs becoming higher than that in Spain. In April 2016 Bankinter closed the purchase of Barclays' retail business in Portugal thus forming Bankinter, SA - Sucursal em Portugal.

In addition, the company is extremely experienced in arranging loans on Touristic property. Mortgages for acquisition purposes are offered by all the major Portuguese lenders to private individuals purchasing a property with a habitation license. To make things worse, the US taxpayers' exposure to the market is growing, not reducing; last year they bought or guaranteed three-quarters of all U.S. home loans.

Euro mortgages are available, and the minimum loan amount you can borrow depends on the lender you use. There are also additional legal expenses connected to the transfer of ownership at the land registry and fiscal department when buying a property in the Algarve, Portugal.

Data from the Bank of Portugal indicate that in the first nine months of the year, financial institutions extended 5.953 billion euros in housing loans. Once an application has been approved by the Bank and the terms and conditions have been offered and accepted, all legal documents will be prepared by the Bank's lawyers.

Current interest rates are excellent—in the range of 2.2% to 2.7%, depending on the length of the mortgage and whether the rate is fixed or variable. Mortgages4all has established a reputation as a market leader when it comes to providing innovative international mortgage products for Portugal and Europe.

A service from the online mortgage information and application processing system offering you the best loans in Portugal too. Property investment in Portugal is now more popular than ever as investors move money from unpredictable financial markets in to bricks and mortar.

Persons who are not residents of Portugal need to pay taxes only on income earned at that country, for instance, interest paid on deposits or savings in Portuguese banks. Investment Property Algarve A couple of banks in France say they'll do mortgages for nonresidents, but the requirements are so strict that precious few non-France residents would qualify.

Now, however, sellers are having to agree prices which are in line with bank valuations, rather than market demand, meaning that, according to local listing site Meravista, which has 24,000 properties available, Portuguese property is now up to 32% cheaper than the UK.