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Financials
How much does it cost to buy a property in Portugal? How much does it cost to maintain
a property in Potugal? How can you finance the property? What about employment,
claiming your pension in Portugal, or finding other sources of income? And what is the
biggest financial mistake that Portuguese property buyers make? Find answers here…
Claiming your pension in Portugal
24th November 2011 - 06:46If you have retired to Portugal and are in receipt of pension income, one of the first things you will need to do is work out how you will get your hands on your pension money. Just as important, though perhaps less pleasing, is working out how and where you pay tax on the money. If you are in receipt of a UK state pension, then it is usually paid to you via direct credit into a UK bank account. If possible, it is best to maintain a UK bank account after you move. It is usually more...
Tax planning for a move to Portugal
12th October 2011 - 03:54So, you’ve started to get settled in your new Portuguese home. You now have a Portuguese bank account and a fiscal number, and all being well you have working telephones, Internet access and some television to watch. By now, you can hopefully order a restaurant meal in Portuguese, and have probably already identified a couple of very palatable wines that sell for under €3 a bottle. It’s time to get serious again now, and start planning your tax affairs. By more...
Cost of living in Portugal
31st August 2011 - 04:05Portugal has long been a very popular destination with people moving abroad from the UK. It is a popular choice due to its climate, way of life, and proximity to the UK meaning that you can be back in a couple of hours, should there be an emergency ‘back home’. Long has it been a destination for retirees, looking to spend their days in a warmer climate or near the beach. Portugal is now becoming more popular with couples, singles and young families looking for a better quality more...
Financing a property in Portugal
21st July 2011 - 04:26Portugal had always been a popular choice of destination for Brits looking for a new life abroad. Mainly due to the warm climate, proximity to the UK and slower pace of life, it’s not surprising that people continue to move their in their thousands each year. With property prices slowly on the rise however, it is not always possible to purchase your Portuguese property outright, and many people find that they still have to take out a mortgage when they get to more...
Financing your property in Portugal
8th June 2011 - 03:55Congratulations on buying a new home in Portugal! It is all very exciting; however there are lots of things to think about now, especially regarding the payment for your new property. A deposit is always expected in advance, usually payable on the day the contract is signed, and this can range from 10% to 70%, depending on the area and who is selling the property. The deposit can also vary, depending on whether you are buying from a private advertiser, or directly from more...