Guides on Buying New Builds in Portugal
Frequently Asked Questions about New Buildings in Portugal
Which new buildings in Portugal are in high demand among buyers?
Apartments in new residential complexes located on the coast are selling well. They attract buyers with beautiful views and quick access to the beach. New buildings in the center of Lisbon are also very popular.
What is the average price per square meter in new residential complexes in Portugal?
The most expensive square meter of new buildings is in Lisbon - about 5000-8000 euros. In other cities, a square meter of a new building in Portugal from the developer costs 2500-3500 euros.
What are the benefits of buying an apartment in a new construction in Portugal?
If you buy an apartment in the resort areas, you can spend up to 6-7 months a year at the best European beaches. Having an apartment in Lisbon will open up good prospects for employment. Bought housing can also bring passive income by renting it out.
What documents are needed to buy a new property from a developer in Portugal?
Foreigners need a passport and a Portuguese IIN (issued by the tax office). You will also need to open an account in one of the banks in Portugal to transfer money to the seller of the property.