Gathering info on relocation

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Member since 26 July 2021

lantosmercedesMember26 July 2021 18:53:07

I am looking for information on moving to Portugal. We would like a house with a yard and a garage so we are looking at Cascais and the Algarve areas. Any feedback on these two areas to consider?

Also looking for a real estate agent in these areas? Would one agent be able to show us all the properties listed on different sites or we have to get multiple agents depending on what we find on the different sites?

Lastly, I am also looking for a mortgage company. Is there any American mortgage company who lends for foreign properties? Or a local mortgage company who lends for 30 years regardless of age?

JohnnyPT Portugal Expert

Member since 23 May 2020

JohnnyPTPortugal Expert29 July 2021 17:47:15

4488

Hi lantosmercedes, Welcome

These two areas are very popular with expats. Cascais is one of the most expensive in the greater Lisbon area. The Algarve has several possibilities, some more expensive, some more cheaper.

Normally a real estate agent represents just one real estate company. Home loans are made by banks working on the portuguese market. You can ask each one for details.

Interest rates are low at the moment.
The financing periods depend on the applicant's age.
Portuguese banks give credit to foreigners.
They do not usually finance more than 90% of a property.

I am not aware of any foreign companies financing property in Portugal.

Main banks and housing credit simulators / "Simuladores de Crédito Habitação":

Caixa Geral de Depósitos
https://www.cgd.pt/Particulares/Credito … resso.aspx

Millennium BCP
https://www.millenniumbcp.pt/credito-ha … ep=purpose

Novo Banco
https://www.novobanco.pt/particulares/credito-habitacao

Santander Totta
https://www.santander.pt/credito/credit … -habitacao

Banco BPI
https://rep.bancobpi.pt/simuladores/simch/simch.asp

Banco CTT
https://www.bancoctt.pt/o-seu-credito/credito-habitacao

Montepio Geral
https://www.bancomontepio.pt/simuladores

___________

Documents to be aware of when buying a Property in Portugal

https://www.expat.com/forum/viewtopic.php?id=910754

Real State Agencies/Websites/Portals in Portugal

https://www.expat.com/forum/viewtopic.php?id=904388

Kind Regards

lantosmercedes Member

Member since 26 July 2021

lantosmercedesMember29 July 2021 21:35:52

Thank you Johnny, very helpful

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