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Property Investment in Portugal
Hi,
The purpose of this post is to connect with anyone interested/actively investing in the Portuguese Real Estate market.
I am moving to Portugal in March 2019 and wanted to connect with fellow Property investors. There seems to be an interesting investment case for Portugal currently and by building a supportive network of investors we will be able to discuss opportunities and build our experience faster than if we go it alone
When I arrive in March I will be focusing on learning the market and seeing which strategies will work for me.
Thanks
Thomas
Ruis,
It's my understanding that all vacation rentals that are operated out of a single family residence require the AL license.
@Mike Lambert @Rui Dias Costa,
Can you maybe share a high-level list of the proposed AL changes? The biggest ones I'm aware of include:
* Limit the availability of new AL licenses to only interior districts;
* Increase the tax rates for AL;
* Force a review of existing AL licenses in 2030;
Quote from @Chris Barrett:
Ruis,
It's my understanding that all vacation rentals that are operated out of a single family residence require the AL license.
It is my understanding that you can do STR has "Alojamento Local" or "Arrendamento Curta Duração". The framework is different though. From what have been explain to me there are advantages and disadvantages in both situations and they aren't exactly interchangeable.
Don't know much more than this.
I do recommend you seek a professional (probably lawyer).
Regards
Quote from @Riaan Knoetze:
@Mike Lambert @Rui Dias Costa,
Can you maybe share a high-level list of the proposed AL changes? The biggest ones I'm aware of include:
* Limit the availability of new AL licenses to only interior districts;
* Increase the tax rates for AL;
* Force a review of existing AL licenses in 2030;
Don't know. Sorry.
Regards
Based on the translation that would be short term rental (vacation rentals) and mid-term rentals (month at a time)?
Quote from @Chris Barrett:
Based on the translation that would be short term rental (vacation rentals) and mid-term rentals (month at a time)?
I believe they have legal definitions and frameworks. Translation probably won’t give you the definition / information you need to form an opinion.
Don’t know more than this. Sorry. Recommend that you speak to someone that actually does STR or is a professional.
Regards
Hello.
Im a real estate investor living in New York and am interested in networking and investing in Portuguese real estate. Let’s connect.
Hello,
I have a friend that owns a property in Lisbon. He intends to turn it into a short term rental.
Does anyone have experience with working with a short term rental management company in Lisbon and/or recommend one?
Thank you.
Regards
Hi everyone!
My name is James,I am 25 years old and although the English name I am Portuguese.
I've truly enjoyed reading all of your stories. I'm very new to the world of REI and for the last 3/4 months I've been trying to learn all I can. I've built my spreadsheets, I've done some market research and I've been slowly saving more and more to have enough for the downpayment on my first RE Property (I'm probably still 1 year away from where I want to be). I've also been creating what I think is a good foundation for finding and selecting positive cashflow RE Properties but I still need to understand some details to guarantee my calculations are correct and that I'm not missing or forgetting any important details that could make or break a deal. I'm also still not sure what strategy would work best for me at this point either.
I saw that in the early days there where a few meet ups, I would love to see that happen again and be a part of the group. I’m currently in Oeiras so anywhere in the Lisbon area would be perfect for me. Let me know if anyone is available!
Kind regards,
James
Hello, I found this thread interesting. I'm currently working on a project in Monte Estoril. I'm interested to connect with others in the area, feel free to connect.
I'm working on buying a newly renovated property in Funchal on Madeira Island.
Quote from @Joshua Beneventi:
Hi @Derek H.! I can connect you to my business partner who is an expert in the Porto market. Will send a DM.
Hi Joshua! I have been looking into the RE market in Portugal for over a year now. Porto is by far my favorite city in Portugal, but I'm also open to investments in Lisbon or Braga if the right opportunity shows up. I'm primarily looking for a property for digital nomads or even a long term rental. In Braga it will most likely be for students. Would love to connect with your business partner if possible. I'm not interested in the golden visa program.
