Buying property in Silver Coast, Portugal: Guide for foreigners

Buying property in Silver Coast, Portugal, can be challenging for those unfamiliar with the Portuguese real estate market. There are many Silver Coast properties for sale. Finding the right one starts by understanding the local real estate rules and regulations. This guide helps you to buy property on the Silver Coast and use it for rentals.

Finding property for sale on Portugal Silver Coast

If you’re seeking property for sale in Portugal’s Silver Coast, you’ve made a fantastic choice. The area has charming villas, serene beach houses, and even sprawling farms for sale. The Silver Coast, or ‘Costa de Prata’, is a gem in Portugal’s crown, offering a range of properties, including cheap property on the Silver Coast. When buying property in Silver Coast, there’s something to fit every budget.

Buying property in Silver Coast in 7 steps

Discovering the world of property in Silver Coast, Portugal, can seem daunting, but the process can be simplified with this 7-step guide. Whether you’re looking for a luxury Silver Coast villa or a cheap house, these steps will guide you through buying property in Silver Coast.

Step 1: Get the Número de Identificação Fiscal (NIF)

Firstly, obtaining a Número de Identificação Fiscal (NIF) or tax identification number is necessary. This is an essential step for anyone buying property in Silver Coast, as a Portuguese fiscal number is needed for real estate transactions.

Take the first step towards obtaining your Portuguese NIF by clicking the button below and completing the process online. For only $150, you can easily acquire your NIF and enjoy the benefits it offers.

Step 2: Open a bank account in Portugal

Opening a bank account in Portugal is essential to buying property in Silver Coast. It allows you to handle all transactions locally, whether for a Silver Coast villa or a commercial property on the Silver Coast. Many foreigners use banks like Millennium BCP, Novo Banco, Banco Santander Totta, Banco BPI, or Caixa Geral de Depósitos.

You can open a bank account in Portugal through an online service, that allows you to open a bank account remotely (3 to 4 weeks) or in-person (1 to 2 weeks). Click the button below to get started.

Step 3: Work with real estate agents in Silver Coast, Portugal

Teaming up with real estate agents in Silver Coast, Portugal, can make your property search smoother and more efficient. They have an in-depth knowledge of the real estate industry in the Silver Coast and can guide you towards properties that match your preferences and budget.

Step 4: Perform due diligence on properties in Silver Coast

After finding a promising property, for instance, a beach house in Silver Coast, the next step is performing due diligence. This includes checking property prices in the Silver Coast and ensuring the property’s title is clean.

Step 5: Sign the initial purchase agreement and pay a deposit

Once you’re happy with your choice, be it a farm on the Silver Coast or a house for sale on the Portugal coast, you can sign the initial purchase agreement and pay a deposit. This secures your chosen property.

Step 6: Pay the property taxes and legal fees

Remember to pay property taxes and legal fees when buying property in Silver Coast. These essential costs must be paid before the property is officially yours. Consider taxes such as IMT tax, wealth tax, stamp duty tax, annual property tax (IMI), and rent tax.

Step 7: Apply for a residency visa in Portugal

Finally, non-EU citizens who buy property in Silver Coast, Portugal, may be eligible to apply for a residency visa. This allows them to live in Portugal long-term.

How can non-EU citizens live on the Silver Coast in Portugal?

What if you’re a non-EU citizen buying property in Silver Coast? Don’t worry! There are two main ways to live in Silver Coast, Portugal.

1. Golden Visa

Buying a property in Silver Coast can pave the way to a Golden Visa for non-EU citizens. This program allows those investing in Portuguese real estate, including Silver Coast properties, to obtain residency. You must invest at least €250,000 ($272,500) to be eligible for the Golden Visa Program, as this is one of the main Golden Visa requirements. The visa gives non-EU citizens the right to live, work, and study in Portugal for up to five years, alongside the benefit of free travel within the Schengen Area.

2. D7 Visa

Another option is the D7 Visa, aimed at retirees and those with a minimum annual passive income of €9,120 ($9,941) who wish to live in Portugal. For example, this can be an option when buying a cheap property for sale in the Silver Coast.

There are many options, whether you’re looking for long-term rentals in Silver Coast, an apartment for sale, or even a cheap property for sale in the Silver Coast. With the help of real estate agents in Silver Coast, Portugal, your dream home is within reach. Remember to check out the options on Booking.com Silver Coast or Airbnb Silver Coast to get a feel for the area before deciding.

Property prices in Silver Coast, Portugal

The average price of an apartment on the Silver Coast is €3,213 ($3,502)/m², with a +9% increase noted over the last year. The average house price for sale on the Silver Coast is €1,919 ($2,092)/m², witnessing a +12% increase over the last year. The following table provides an overview of property prices in Silver Coast, Portugal.

Generally, you can find various options, from cheap houses to more expensive villas. For affordable living, consider looking for cheap property for sale on the Silver Coast or explore long-term rentals on the Silver Coast via booking.com or Airbnb. Commercial property in Silver Coast also presents an opportunity for business-minded individuals. No matter what you seek, the Silver Coast offers a diverse real estate market.

Where to buy a villa or apartment on the Silver Coast?

The Silver Coast in Portugal is a stunning stretch of coastline known for its breathtaking landscapes, rich culture, and historic towns. Here are some of the best places to consider for buying property in Silver Coast, Portugal.

Nazaré

Nazaré, home to the world’s largest surfed wave, offers many properties for sale on Portugal’s Silver Coast. The town, with a population of around 15,000, is known for its charming beach houses and serene ambiance. It’s a haven for surfers and a great place to find cheap property in Silver Coast, offering a blend of natural beauty and affordability.

Peniche

Peniche, a picturesque town with the sea on three sides, is another ideal location to consider when buying property in Silver Coast. Known for its attractive harbor, stunning windmills, and long sandy beaches, Peniche has always been a lively fishing port and a popular surf school location. Finding a house for sale on the Portugal coast, especially in Peniche, offers a unique lifestyle that mixes coastal living with a vibrant local community.

Caldas da Rainha

Caldas da Rainha, an inland city with around 27,000 people, is a bustling center offering a wide range of Silver Coast Portugal real estate options. The city is vibrant, boasting museums, exhibition centers, and numerous shops and cafes. Properties in Caldas, including nicely renovated apartments, are reasonably priced, contributing to property prices in the Silver Coast being diverse and inclusive.

Obidos

Obidos is a must-visit for anyone buying property in Silver Coast, Portugal. It’s a medieval walled town and one of Portugal’s most visited places. The town is also close to the beautiful Obidos Lagoon, enhancing its appeal for those looking for a Silver Coast villa or other realty in the Silver Coast.

Sao Martinho do Porto

Sao Martinho do Porto, a lovely town set around a lagoon, is a good choice for families looking to buy property in Silver Coast. While it has been built up with holiday apartments in recent years, it offers a range of property options, including two-bedroom apartments and townhouses.

Mafra and Ericeira

Mafra and Ericeira are two other excellent places to consider buying property in Silver Coast. Mafra is a substantial town with a significant baroque palace at its heart. Ericeira, a coastal town, is a famous beach and surfing resort. Both villages offer a mix of cultural heritage and beachside living.

Torres Vedras and Coimbra

Torres Vedras, known for its beautiful beaches and relaxed lifestyle, and Coimbra, a city with a deep cultural heritage and the first Portuguese university, also offer excellent opportunities for cheap property for sale in Silver Coast.

Working with real estate agents in Silver Coast will ensure a smooth and efficient property buying process. Whether it’s a villa for sale in Portugal Silver Coast or a commercial property in Silver Coast, these agents can guide you in making the best property investment decision.

5 reasons to buy real estate on the Silver Coast

Considering buying property in Silver Coast? Here’s why that’s a smart choice:

1. Low property prices: The Silver Coast offers various affordable property options, from traditional to modern houses. The lower cost of living compared to other parts of Portugal makes it a desirable location. So, whether it’s a beach house on the Silver Coast or a commercial property, you will likely find something that suits your budget.
2. High-quality life: Silver Coast Portugal real estate offers more than just a house for sale on the Portugal coast. It offers a high-quality lifestyle, complete with friendly locals, excellent infrastructure, including schools and hospitals, and the relaxed, laid-back ambiance of the area.
3. Beautiful coastline: Buying property in Silver Coast provides access to some of the most beautiful beaches in the world. From the family-friendly Sao Martinho do Porto to the breathtaking Foz do Arelho, where the ocean meets the lagoon, there are incredible sights to enjoy.
4. Good food: Owning property in Silver Coast, Portugal, offers an opportunity to enjoy fresh, locally sourced food. The coastal town is renowned for its seafood, while local farms provide a bounty of fresh produce, meats, and eggs to the local markets.
5. Possibility to citizenship: The Silver Coast is not just a place to find cheap property for sale. Investing in real estate here could be your pathway to Portuguese citizenship. Portugal’s Golden Visa program offers residency in return for an investment in real estate, leading to citizenship eligibility after five years.
6. Close to central locations: The Silver Coast’s central location and excellent transport network, including railroads, highways, and an airport within an hour’s reach, make it a convenient place to live. Even without a personal vehicle, buses make getting around easy.
7. Many events: Besides offering affordable Portugal homes for sale, the Silver Coast hosts a variety of activities throughout the year. From surfing schools to festivals, there’s always something happening here.

In summary, the area offers excellent value if you’re looking for a Silver Coast villa, a farm for sale on the Silver Coast, or any other realty in the Silver Coast. Use a real estate agent in Silver Coast to find the perfect property and enjoy all the benefits this beautiful region offers.

Property management in Silver Coast, Portugal

After buying property in Silver Coast, managing the property might seem overwhelming. This can include renting out your property in Silver Coast, Portugal, taking care of maintenance, or preparing the property for your stay. Whether you’ve bought a Silver Coast villa or a house for sale on the Portugal coast, a property manager can help you maintain and manage your property.

Real estate agents in Silver Coast

Working with experienced real estate agents in Silver Coast is vital when buying property in Silver Coast. These professionals understand the property market, are skilled in negotiating the best property prices in the Silver Coast, and can guide you through the legal processes. To find your dream property, whether it’s a beach house in Silver Coast, a farm for sale on the Silver Coast, or a commercial property in the Silver Coast, make sure to choose a reputable real estate agent in Silver Coast to assist you.

Buy property in Silver Coast with Own Property Abroad

Do you want to buy property in Silver Coast? Own Property Abroad can assist you and ensure a seamless and hassle-free property journey, whether selling or buying real estate in Portugal. Thanks to our knowledge and experience in the local market, we can help with legal requirements, finding suitable properties, negotiating the best deals, and conducting due diligence.

With our expert team, you won’t have to navigate the complexities of the Portuguese real estate market alone. For further information on how we can assist you, kindly drop your details below or email us at [email protected]. Let’s start working on your property success story today!

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