THE ALGARVE

News, views, resort and golf guide to the beautiful Algarve region - Portugal

Now that the buzz of property investing is over and the property markets around the world have started cooling considerably from their peaks, is there still any opportunities left for property investment? Is it time to look elsewhere and find alternative markets for investing your money?

The simple and short answer is of course not. The property market is probably becoming one of the best investments opportunities to plan for big rewards. If you are the one to usually think “out of the box” and are successful in making money, then you will know that the property investment market is where your money should be going. That’s right, as crazy as it may sound; the smart money always goes against the crowd.

While everyone is jumping the property ship, the smart investor will be looking for investment property bargains at low prices. That means finding property that is being sold at rock bottom prices from people who are looking to sell quickly and happy with a lower price.

The property markets of countries like the american property, Spanish property and now even the UK property markets have experienced significant falls and these markets are now presenting the savvy buyer with excellent opportunity to buy properties significantly below the market value. The savvy investors have already started picking up property at bargain prices and it is the perfect time to go against the crowd while everyone else is abandoning property investment. If you are serious about making big money in the long term, then investing in property is definitely the way to go.

Jan
27

Mortgages and financial advice in Portugal

Posted by AlmancilOffice

When buying a property in Portugal, it is worth contacting a Portuguese bank with regards to mortgages available as they can often offer superior rates or conditions than that offered by your current bank.

Mortgages and Financial Advice in Portugal

We would recommend that you contact an independent mortgage adviser in order that they can establish your particular requirements and find the best deal for you. We currently recommend such a company here who are based in Almancil although they are happy to meet you in any area of the Algarve. They do not charge a fee for their services and by contacting them you will not have to navigate your way around the banking system if you have limited Portuguese. They work independently and are able to offer a great range of mortgage and investment products through a number of well known financial institutions here in Portugal. As well as mortgage advice, they are able to offer a range of services such as investment advice, home, car and life insurance and foreign exchange transfers.

General documentation required to apply for a mortgage in Portugal is listed below.

• Portuguese tax number (the company can arrange this for a small fee)
• Copy of ID card or passport
• Last 6 months of bank statements (current and savings)
• Birth certificate
• Last years tax return (P60)

Further documentation will be required with regards to your current employment status. Mortgages for non residents are offered up to 80% loan to value. The borrowing level is based on the house valuation and not the purchase price.

Please contact us if you would like more information and we would be pleased to ask a representative to contact you to discuss your requirements further. You can email us on gatehouse@sapo.pt or call on our UK number +44 1480 477773. This will divert free of charge to our office in the Algarve.

Click the link below for a selection of properties in all areas of the Algarve and Silver and Blue Coast areas

http://www.algarveprop.com/all-listing.html