Using Capital Gains to Buy a Second Home? Exemption Will No Longer Apply Hello Buyers! Profits from the sale of a property are exempt from capital gains tax if used to pay off the mortgage on a primary residence. However, this exemption does not apply if the gains are used as a down payment for the purchase of a new property. This difference in the temporary measure under the "More Housing" law is...

Hello Buyers, In recent years, the role of credit intermediaries (CIs) has skyrocketed in Portugal, especially in the home and auto loan sectors. Now, the Bank of Portugal (BoP) is stepping in with new legislative proposals aimed at tightening regulations around CIs, promoting more “transparency and clarity” to prevent “bias in credit advice,” according to Francisca Guedes de Oliveira, a BoP...

Hello Buyers! By June, 3,760 transactions had been completed, totalling €1.953 billion.In the first half of this year, 3,760 residential property acquisitions were recorded in Lisbon's Urban Rehabilitation Area (ARU), representing an investment of €1.953 billion—a 29% increase compared to the €1.510 billion invested during the same period last year. According to the latest data from...

Explore and be captivated by Ferreira do Zêzere, a village with postcard-worthy landscapes and welcoming locals. Located in the district of Santarém and bordered by the Zêzere River, this village is one of Portugal's top spots for water tourism. With approximately 25 kilometers of river, Ferreira do Zêzere offers ideal conditions for a variety of water sports, attracting both amateurs and...

Hello Buyers, with tax incentives in place, individuals aged 35 or under comprised the majority of new mortgage applications in August, accounting for 54% of the total granted. In August, young adults up to the age of 35 represented 54% of new housing loan requests approved in Portugal. This marked the first time since the beginning of the year that the majority of loans in this sector were...

Hello Buyers, today we give you an in-depth exploration of CostaTerra, an exclusive real estate haven on Portugal’s stunning Alentejo coast. This article delves into the luxurious lifestyle, unique amenities, and valuable investment opportunities at CostaTerra, a premier development by the esteemed Discovery Land Company. Overview Strategic location and rich cultural heritage CostaTerra’s...

Looking to relocate to Portugal? At Ramos Pinto, we specialize in helping you navigate every aspect of the relocation process. From finding the perfect property to securing financing and handling all legal matters, our experienced team provides personalized support tailored to your needs. With multilingual consultants and a full range of services, we ensure your move to Portugal is as smooth and stress-free as possible.

The bank appraisal of houses has reached a new peak, reaching 1,580 euros per square meter, reflecting the continuous increase in real estate market values. The amount by which banks assess residences when granting loans for property purchases rose in March for the fourth consecutive month. The increase was 20 euros, thus reaching a total of 1,580 euros per square meter, a new record since the National...

Families are buying more expensive houses and asking banks for more money, reveals a report by idealista/créditohabitação. The demand for housing credit in Portugal has been shaped by the context of high interest rates and low purchasing power experienced in the last year. Families have been buying houses at lower prices and asking for smaller loan amounts. But at the start of 2024 this trend was...

House payments also decreased in February 2024. In new contracts, interest rates decreased for the 4th time. Interest on new housing loans has been falling for four consecutive months, having stood at 4.197% in February. Now, it is observed that the recent (slight) drops in Euribor and the more accessible mixed rates are also having an effect on the interest rates implicit in the total number of...