Lisbon and Cascais are two of the most beautiful and vibrant cities in Portugal. They offer a unique blend of history, culture, and modernity that make them a desirable destination for people from all over the world. If you are considering buying a property in this area, this guide will give you some essential information to help you make an informed decision.
Lisbon and Cascais are located in the central-western part of Portugal, near the Atlantic Ocean. Lisbon is the capital of Portugal and is a vibrant city with a rich history and culture. Cascais is a charming coastal town that has become increasingly popular among tourists and expats in recent years.
The two cities are about 25 kilometers apart, and it takes around 30 minutes to drive between them. The region offers a wide range of properties for sale, including apartments, villas, and townhouses.
Types of Properties
There are many different types of properties available for sale in lisbon cascais property for sale. Some of the most popular options include:
Apartments: Apartments are a popular choice for people who want to live in the heart of the city. Lisbon and Cascais have a wide range of apartments available, from modern studios to spacious penthouses.
Villas: Villas are a great option for people who want a more spacious property with plenty of outdoor space. Many villas in Lisbon and Cascais come with private gardens and swimming pools.
Townhouses: Townhouses offer a good compromise between apartments and villas. They are usually more spacious than apartments but more affordable than villas.
Factors to Consider
When buying a property in Lisbon or Cascais, there are several factors you should consider:
Location: The location of the property is one of the most important factors to consider. Do you want to live in the heart of the city or in a quieter residential area? Do you want to be close to the beach or in the countryside? Think about your lifestyle and preferences when choosing a location.
Price: Property prices in Lisbon and Cascais can vary widely depending on the location, size, and condition of the property. Set a budget before you start your search and stick to it.
Condition: When buying a property, it’s important to consider its condition. If the property needs a lot of work, it may end up costing you more in the long run.
Legal Issues: It’s essential to ensure that the property has all the necessary legal documentation and that there are no outstanding debts or issues with the property.
Real Estate Agents
Working with a reputable real estate agent can be an excellent way to find your dream property in Lisbon or Cascais. A good agent can help you navigate the local property market, show you properties that match your criteria, and negotiate on your behalf.
When choosing a real estate agent, it’s important to look for someone who is knowledgeable about the local property market, has a good reputation, and can provide you with references from previous clients.
If you need financing to buy a property in Lisbon or Cascais, there are several options available. Many Portuguese banks offer mortgages to foreign buyers, but you will need to meet certain requirements, such as having a Portuguese tax number and a bank account in Portugal.
You can also consider using a mortgage broker, who can help you find the best mortgage deal for your needs.
Taxes and Fees
When buying a property in Portugal, you will need to pay several taxes and fees, including:
Property Transfer Tax (IMT): This tax is calculated based on the property’s value and can range from 1% to 8% of the purchase price.
Stamp Duty: This tax is charged on the purchase agreement and is calculated at a rate of 0.8% of the purchase price.
Registration Fees: You will need to pay fees for registering the property in your name, which can range from 250 euros to 1,000 euros, depending on the property’s value.
Real Estate Agent Fees: If you work with a real estate agent, you will need to pay a commission fee, usually around 5% of the purchase price.
Maintenance and Utilities: You will also need to budget for ongoing maintenance and utility costs, such as water, electricity, and internet.
Buying a property in Lisbon or Cascais can be a great investment and a fantastic way to enjoy the unique lifestyle that this region offers. Before you start your property search, it’s important to consider factors such as location, price, condition, and legal issues.
Working with a reputable real estate agent and securing financing are also important steps to take. Finally, don’t forget to budget for taxes and fees, as well as ongoing maintenance and utility costs.
With careful planning and research, you can find the perfect property in Lisbon or Cascais that meets your needs and budget.