All Forum Posts by: Ricardo Matos

Coimbra is a good market (serves professionals, students, national/international tourists and local families), a little bit overpriced right now, IMO. Depends on your business model and financial goals.

As I often state in this forum, I specialize in investing in buy&hold (LTR) with 18%+ gross returns (yearly) so I'm not looking into markets like Coimbra RN

Yes, Porto is also touristy. In the north region you can also invest in rural tourism, ex. near the natural parks, river beaches and waterfalls. If you meet a good listing quality standard, I have no doubt you'll have demand even in the low season.

you can have an idea of the occupation right by actively looking at Airbnb listings that would compare to your future one throughout a season. From there you can have a rough idea of your occupation rate&prices.

@Steve Morris

Right now, the fact that the main markets are too overpriced. Any good deals that appear appear only to the big sharks or the fortunate lucky ones. There is just too much competition.

other cities (depends): There are cities (10-50k people) with a superior quality of life. If picked wisely, you can target your rentals to locals, Portuguese migrants and foreigns.

There is very little quality rental listings available, and the demand does also surpass the offer drastically, however this do not rise the rental value as much as , ex, Lisbon. 

I'm not sure I understood this one last question from you:
"Anything on the North Atl cost that's worth looking at as VRBO or is it too desolate? Don't think I'd want to be too far inland?"

I'm looking forward to discuss points of view on 2nd and 3rd ranking cities in Portugal. 

As far as I know, 1st rank cities in Portugal can be counted with the fingers of 1 hand (Lisbon, Porto, Key cities in Algarve). I think there could be more investment going on other smaller cities, but there is not a lot of information available about these markets, hence the reason that only local and more risk-taking investors are making any moves. 

My company is already investing in smaller cities where I can expect good returns RIGHT NOW, but also a huge potential for appreciation on the long run.

Are you a national investor or are you investing from abroad? What makes you consider or even discard investing in 2nd and 3rd rank cities in Portugal?

Can't wait to read your comments :)

Greetings,

Ricardo Matos

From what I read, the GV program is still open, excluding Lisbon & Porto and Algarve (big centres). It will still be open for cases where one invests in the interior.

I think we are at the start of a big wave, where more investors will start looking into the interior, hence there will be more information about these markets. Like I said somewhere before on this post, these regions are the only ones I'm being able to get 20%+ yearly returns.

I've also invested in Lisbon suburbs back in 2017 (prices were 2/3x lower than now), and the best that I could get from those investments is ~15%

Just my 2 cents tho

You can also evaluate a refinancing your current apartment. I started investing in a similar situation to yours. Bought a dirty-cheap apartment and rehabed it (final cost under 40K). Then got 70K refinancing that I used to invest in 2 other multifamily properties.

I don't plan in selling my apt as it is awesome and is in a great location too. It will give me a good return one day that I decide to to a larger place

Those are apartments in older, historical buildings.

Did you know the Golden Visa Program is to be closed, except for investments in municipalities in the interior of the country?

Answering this question in 2020, from a Portuguese native perspective:

Definitely, depending on the markets, of course. Even with the so predicted COVID that is yet to hit us hard, I'm expecting annual returns of no lower than 8% on any of my investments that I've done for the past 3 years nor the ones I'm executing at the moment.

@Marco Teixeira @Rui Dias Costa @Luís Ferreira

Thanks!

Yes, Multi-family is definitely the most efficient way to obtain these numbers, specially taxes-wise.

Rui: I believe is all about positioning yourself with the best people for each market. It surely takes time (~2 yrs in my case, but I'm from Lisbon area) to build those connections.

I felt the same while I started investing in my home city. I was doing 20+ visits & meetings per week just to understand who are the best brokers and sellers to meet my goals on RE.

No, you've read it right: €5000 (five thousand euro) each :)