What are the benefits of buying a new-build home in Portugal?
If you have decided to buy a new property in Portugal, you have probably already considered the advantages of investing abroad.
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WHY BUY A NEW-BUILD HOME IN PORTUGAL
In the real estate investment sector, new properties are always compared to old properties, i.e. those built more than 5 years ago. Buying a new property offers many benefits to buyers, especially if you want to invest abroad.
Here is an overview of all the advantages of buying a new property in Portugal.
Buying a new property in Portugal is a good way to build up your assets abroad, to invest in a secure environment in Europe, to receive regular rental income, or to prepare for a retirement in sunny surroundings.
Whether you are buying a main residence, a second home or a rental property, the advantages of a new property will always be a benefit at the time of resale.
Indeed, new homes in Portugal very often have an outdoor area, a balcony, a terrace, a garden, and the ultimate grail, a swimming pool or a sea view!
You can also invest in new properties in prime locations in the country, such as seaside, golf course, historic centre, large city, or in the countryside.
The golden rule of real estate remains the same, whatever the country, always make sure you choose the right location! Select property developments in Portugal in areas with high growth potential such as the Lisbon region, the Algarve, Porto or popular touristic cities such as Ericeira, Comporta, Cascais, or a prime area of the capital in Lisbon or Porto.
Location is the key to any property purchase!
THE ADVANTAGES OF BUYING A NEW PROPERTY IN PORTUGAL
Customized plans and follow-up
Buying off-plan gives you the opportunity to adapt the property to your needs
Construction guarantees
Benefit from the five-year guarantee, a real advantage compared to the old properties
Save on energy costs
Thanks to the latest thermal performance and isolation standards
Expand your assets
Benefit from an attractive and regular rental yield
THE BENEFITS OF BUYING NEW HOMES IN PORTUGAL
FIND A NEW REAL ESTATE DEVELOPMENT IN PORTUGALBUYING A NEW HOME IN PORTUGAL
When we talk about buying a new home, this does not necessarily mean that the property will be sold only off-plan or under construction. You can also buy a new property that has already been built; the definition of a new property is that the property has never been previously occupied and was completed less than 5 years ago.
New materials and equipment
When you buy a new property, you are investing in a building that is built to the latest standards and with the latest materials that are less expensive to maintain than in an older home.
Choosing a new property therefore allows you to invest in a home that will cost you much less in the long run.
Lower energy costs
If you are still hesitating between buying a new or old property, be sure to take into account all the factors that may affect your budget.
New constructions meet strict energy standards and certifications, which will allow you to reduce your energy bill compared to a standard old house. This will increase the attractiveness of your property to a future tenant and allow you to rent it at a higher price. If you choose to live in the property, the energy costs will be much lower than in an old property.
The quality standards in force give you the assurance that there will be no renovation work in the short or medium term, so you will benefit from lower charges than in the old building because no renovation work is required for several years… a headache less, especially if you do not live in Portugal.
A quality, energy-efficient home is also easier to sell!
Peace of mind assured
Investing in a new home in Portugal is also a choice for peace of mind!
In a new build property, there’s no need to plan any finishing work. All you need to do is think about the layout of the furniture and the decoration!
To ensure a sustainable property investment, new homes in Portugal benefit from legal guarantees that protect the owners.
- The five-year guarantee
- The two-year guarantee on equipment
All these reasons will encourage you to buy a new house or flat in Portugal.
The advantages of reselling a new property in Portugal
In a property purchase project, it is useful to plan ahead until the property is resold.
In comparison to existing properties, new properties in Portugal offer quality construction materials, better features and amenities, such as a lift, garage, cellar, private parking space, better energy and acoustic comfort for a higher life quality.
These reasons for optimal living comfort are in addition to the many other reasons for buying new property.
All of these features are highly attractive to future buyers and represent great value at the time of resale.
GOOD TO KNOW
- Portugal is attractive in many ways, whether it is for the dynamism of the property market, for tax reasons, for tourism, or simply to enjoy a pleasant living environment.
- Portugal also offers a stable social and political climate, a low crime rate and high security standards.
- Its business ecosystem is attracting more and more start-ups, nomadic workers wishing to work remotely in the sun, and companies wishing to set up their headquarters here.
- Indeed, Lisbon is now considered the Silicon Valley of Europe.
- More and more foreigners are choosing to live in Portugal because of the country’s quality of life, and it is a destination of choice for those who want to change their lives thanks to the opportunities created by the economic recovery.
- There is therefore a need to meet the increased demand for new housing to accommodate and welcome all these people looking for quality property.
Buying a new property in Portugal is a good way to build up your assets abroad, to invest in a secure environment in Europe, to receive regular rental income, or to prepare for a retirement in sunny surroundings.
Whether you are buying a main residence, a second home or a rental property, the advantages of a new property will always be a benefit at the time of resale.
Indeed, new homes in Portugal very often have an outdoor area, a balcony, a terrace, a garden, and the ultimate grail, a swimming pool or a sea view!
You can also invest in new properties in prime locations in the country, such as seaside, golf course, historic centre, large city, or in the countryside.
The golden rule of real estate remains the same, whatever the country, always make sure you choose the right location! Select property developments in Portugal in areas with high growth potential such as the Lisbon region, the Algarve, Porto or popular touristic cities such as Ericeira, Comporta, Cascais, or a prime area of the capital in Lisbon or Porto.
Location is the key to any property purchase!
