A Hassle-free Way of Securing Property: Your Buyer’s Agent Service in Portugal
As a local buyer’s agent situated in Portugal, Goldcrest provides insightful real estate expertise and impartial advice. From sourcing to making the real estate transaction, we help clients identify outstanding investment opportunities and suitable properties in some of Portugal’s finest locations. Whether you’re a family looking to relocate or an investor identifying land for redevelopment, our team of experts can help you find the right property without the hassle or fuss.
Portugal has become one of the most sought-after destinations for expats and investors seeking a high quality of life. The country boasts sublime weather, diverse landscapes, and a dynamic real estate market. From the bustling capital, Lisbon, to the sun-drenched Algarve, from the historic city of Porto to the wild beauty of the Silver Coast, you’ll find much to be desired by the depth of what’s on offer.
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Lisbon and Cascais
As the cosmopolitan capital city of Portugal, Lisbon is rich in culture, scenery, and activities, while Cascais is a splendid seaside town just a short thirty minutes away. With a thriving tourism industry and dynamic property market, Lisbon and Cascais are perfect places to set up a second home. Location perk: Major transportation hub to the rest of Europe.
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As the second-largest city in Portugal, Porto’s well known for its flourishing industrial sector and growing tourism sector. The majority of small companies are located here, with plenty of job opportunities. Location perk: 1.5-hour drive from the Spanish border.
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The Algarve is a culturally rich part of Portugal. The economy is based on tourism, fishing, and agriculture. Faro is a less touristy city, where you’re likely to find peace with high real estate returns. Living costs are cheap here. Location perk: Close to Parque Natural da Ria Formosa.
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The central area of Portugal is rich in heritage, culture, and food. Home to Portugal’s oldest university (the University of Coimbra), it has some of the most inexpensive real estate opportunities. Location perk: Halfway between Lisbon and Porto.
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With a large agricultural sector, Alentejo is a peaceful territory with many family-owned businesses. Known for its food and wine, Alentejo is great to consider if you like quiet family life or want to retire in a relaxing part of the country. Location perk: Évora, the capital of the Alentejo, is just a 1.5-hour drive from Lisbon.
Types of Properties in Portugal
The Portuguese real estate market is rich and varied, with an array of properties available in the country, from modern apartments to rustic farmhouses.
Below are some common residential property types in Portugal.
If you are looking to live in the city, then an apartment may be the best option for you. Many apartments are remodeled and have a modern interior, while the outside retains its traditional architectural styles. Apartments offer a range of sizes and styles, from cozy studios to spacious penthouses.
Villas in Portugal exude a sense of luxury and tranquillity, often nestled in scenic landscapes, offering ample space and privacy for residents. They combine modern comfort with traditional charm, providing an ideal retreat for those seeking a serene living environment amidst Portugal's natural beauty.
Beach houses: With a coastline stretching 1,794 km, you’ll find plenty of options when it comes to coastal living. These properties are sought after for their sublime ocean views and proximity to some of the best beaches in Europe. Ideal for individuals and families looking to enjoy the coastal lifestyle, plus investors looking for a lucrative investment venture, given their popularity with locals and tourists alike.
If you are looking to live in the depths of the Portuguese countryside, where you can escape the hustle and bustle of city life, then you should consider country homes. As the interior of Portugal is in less demand than other areas, you may be pleasantly surprised by property prices in Portugal's interior. You will also find farms, equestrian properties, and vineyards for sale in Portugal for those looking for something different.
There is an array of fabulous properties in prime locations in Portugal. However, sifting through the noise can be tricky. You will also find grander and more uncommon properties available, such as palaces and castles.
Working with buyers agent services in Portugal can save you valuable time, money, and hassle, ensuring your journey to secure your dream property runs as smoothly as possible.
What is a Portugal buyer's agent?
Everyone knows there can be a lot of stress involved in acquiring property, particularly in another country. Whether you’re looking to buy a house in Portugal near the beach for the holidays, relocate more permanently, or make an investment, there’s always a lot to consider. Using a buyer’s agent in Portugal can make the process of this major transaction a lot simpler.
While many people are used to dealing with a real estate agent or realtor, the concept of a buyer’s agent is very different and one that can be far more beneficial to buyers.
What’s the difference between a realtor and a buyer’s agent?
A key difference between a real estate agent and a buyer’s agent in Portugal is that a buyer’s agent works solely on behalf of the buyer, providing a tailored service exclusive to their needs. Traditional real estate agents, on the other hand, work on behalf of the seller and will receive a higher commission for a higher sale. In this sense, they can be seen as more of a seller agent.
While most real estate agents in Portugal will have your best interest at heart, this is just something to bear in mind and a key reason why choosing a good buyer’s agent can be a smart decision over other real estate professionals.
Why do you need a Portugal buyer’s agent?
There are many advantages to hiring a buyer’s agent in Portugal, not least because the Portuguese real estate market and legal processes can be tough to navigate. Below are some key reasons why you should consider working with an experienced buyer’s agent.
It’s difficult to find the right information
Buying property in another country always requires a leap of faith. However, you may find it difficult to get the right information when looking to purchase a property.
While you may find a lot of online content about buying property in Portugal, much of it is incorrect or outdated. Ultimately, nothing can beat the advice of an expert who fully understands your requirements and has your best interests in mind. Buyer’s agents are also up-to-speed with what is currently happening in the market, meaning they will provide you with the most up-to-date information possible.
It is also worth noting that some properties are not available online, and working with a buyer’s agent can give you exclusive access to more opportunities.
You might make avoidable mistakes
If you don’t know much about Portugal, you could buy a property in an unsuitable area for your needs. You might also find yourself underestimating the amount of restoration work that a property requires or buying a house that is not exactly what you were looking for.
You could have legal issues
You are probably not aware of the many legal requirements when purchasing property in Portugal.
In some cases, when you buy a property in Portugal, debt can still be attached to it. Another problem to watch out for is the dispersion of ownership, where a property can have multiple owners, some of whom might not even live in Portugal. It is also important to know the legal construction history of older properties. Up until recently, it was relatively common for houses to be built or enlarged without the necessary planning permission, which can cause problems for potential buyers.
While it may seem like you can just take care of the entire purchasing process yourself, it is ill-advised to buy real estate in Portugal without having sought legal advice beforehand. If you sign a purchase agreement or pay a deposit without having done so, you could find yourself in a difficult situation.
What can a buyer's agent do for you?
There are many important reasons why you should consider working with a buyer’s agent. Here are some of the key areas in which a buyer’s agent in Portugal can come in handy.
A buyer’s agent will conduct your property search for you
Portugal is different from many other countries in that there is no central database of real estate. This means that property searches can be fragmented and difficult to conduct.
A buyer’s agent will do an extensive property search of the Portuguese property market based on your requirements, using local contacts to find the best property for you. In addition to this, a buyer’s agent will have access to properties not listed elsewhere on the market, as well as new listings. They will also be your fountain of local knowledge, arming you with key information on the most desired locations in Portugal.
A buyer’s agent will ensure legal checks are carried out
The benefit of enlisting the help of a property expert in Portugal is that they know the processes and are aware of what to look out for. They can help you ensure that a property is ready to buy by checking the building’s administrative record (certidão de teor).
If you enlist the services of builders and developers, using a buyer’s agent will guarantee that the work contract is fulfilled.
A buyer’s agent speaks the language
Another benefit of using a buyer’s agent in Portugal is that you will have someone to liaise with all the necessary contacts, such as architects, builders, and property surveyors. This can be difficult to do yourself if you don’t speak Portuguese.
If you are dealing with someone who benefits directly from selling you the property, such as a buyer’s agent or listing agent, there is a conflict of interests, and they may be working for interests that aren’t your own.
A property buyer agent will negotiate for you
Working with a Portugal real estate buyer’s agent means that you don’t have to fear being overcharged for a property.
Foreign buyers unfamiliar with the Portuguese real estate market prices and terms may find information from local real estate agents contradictory.
There is also often a difference between the asking price and the transaction price. A buyer’s agent can guarantee that you walk away with the best price possible, inform you if you need to request planning permission, and ensure you have all the essential information at your fingertips to make an informed decision.
A buyer’s agent knows the price you should be paying and will negotiate on your behalf to get it. In short, a buyer’s agent in Portugal will work only for your interests, ultimately meaning you get the best deal.
A Portugal buyer’s agent will make sure you have the right documentation
Just a small mistake in your documentation can lead to costly setbacks. Using a buyer’s agent to buy a house in Portugal will mean that you have all of the correct paperwork regarding the following:
- Property tax
- Imposto Municipal sobre Transmissões (IMT)/property transfer tax, between two and eight percent
- Imposto de Selo (IS) stamp duty, 0.8 percent
- Imposto Municipal sobre Imóveis (IMI)/taxable property value, between 0.3-0.8 percent
- Inspections and surveys
- Agent fees
A buyer’s agent will save you time and money
The extra hassle involved in moving to a different country means that it makes even more sense to hire a Portugal buying agent. You won’t have to make multiple journeys to buy a house in Portugal, explore the landscape yourself, and waste energy looking at properties that don’t suit you.
Having an agent who works directly for you means they will search for the perfect property for you, helping you save money and time. When utilizing Portugal buyer’s agents, you will typically need to pay them agent fees for completing the real estate transaction. The Portugal buyer’s agent fee will vary, with some buyer’s’ agents charging a flat fee while others charge an amount similar to a commission fee.
Though it may seem more expensive to seek the help of a buyer’s agent, in the long term, it can lead to considerable savings, especially if you encounter problems along the way.
How We Stand Out
Local agency for expat buyers communityMost of our clients are expat buyers and tenants. We are skilled at identifying opportunities and risk in the Portuguese real estate market.
Single point of contactThe entire purchasing process is managed by us — from research to sourcing and acquisition, we help you save time, money, and hassle.
Tailored serviceNo two clients are alike — that’s why we develop a personalized plan based on your specific goals.
ConnectionsAlmost half of all property sales in Portugal are off-market. Our extensive database of industry contacts ensures you have exclusive access to hundreds of vetted properties.
Market insightOur inside knowledge of the Portuguese property market means we’re good at locating quality properties in high-demand areas.
TransparencyOur agent fees are transparent and competitive, so you’ll acquire the best property at the right price.
The Buying Process
Your Next Steps to Securing Your Property
Goldcrest: Simplifying the Property Buying Process
If you are a first-time home buyer in Portugal, working with a buyer’s agent is a wise decision. At Goldcrest, we provide a hassle-free buying experience. We assist you with your initial property search, negotiate the best possible sales price on your behalf, ensure that you have the correct documents, and secure the best possible deal for you based on your needs so that you can become a property owner in the country.
A service tailor-made to your exact requirements
We are acutely aware that no two clients are the same. Our service is fully tailored to the client’s needs, whether you are looking to retire here, move with family, or are simply looking for a holiday home, and we provide impartial advice on which areas could be best suited for you.
You can find out more about why you should consider working with Goldcrest to secure your dream home in Portugal in our article: Why Work With Goldcrest to Buy Property in Portugal?
Frequently Asked Questions about Buyer’s Agents in Portugal
What is a Portugal buyers agent?
A buyer’s agent is a licensed real estate professional who represents and works exclusively for homebuyers. They assist buyers in their property search, negotiating offers, and guiding them through the home-buying process. In Portugal, a good buyer’s agent will have an in-depth understanding of the local real estate market, shortlisting suitable properties based on your exact requirements.
From identifying properties based on your search criteria and organizing property viewings to securing the best price possible for the property, buyer’s agents will assist you throughout the buying process.
What does a Portugal buyer's agent do?
A buyer’s agent in Portugal is a certified real estate expert dedicated to serving and advocating for individuals looking to buy property. They aid buyers in their property search, discussing offers and providing support throughout the home-buying journey. Whether you are looking to buy in Lisbon or on the Silver Coast, they will be able to assist you with the purchase.
Why should I use a Portugal buying agent?
While buying property can be an extremely stressful and time-consuming process, working with a buyer’s agent can take the hassle out of the entire process, giving you access to the best properties on the market and securing the best deal for you. They will have your best interests at heart as they provide a service tailored to your needs.
How is a buyer's agent different from a listing agent in Portugal?
A Portugal buyer’s agent will represent the interest of the buyer and is focused on finding suitable properties based on their needs and negotiating on their behalf for the best deal possible. In short, they will have your best interests at heart and can guide you through the whole process, from organizing property viewings on your behalf to helping you with the negotiation process. On the other hand, a listing agent will represent the interests of the seller and will get a higher commission for a higher sale.
Do I need to pay a buyer’s agent in Portugal?
For Goldcrest, the client pays an onboarding fee to the buyer’s agent. This shows commitment from the client and offers dedication from the agent. Their commission is typically paid by the seller from the proceeds of the sale. However, there are instances where the property does not have a commission, so there may be additional compensation terms between engaging with a sale.
How does a Portugal buyer’s agent help with the property search?
A buyer’s agent will help you throughout the process, from sourcing relevant properties to property acquisition. This includes negotiating the best possible price on your behalf and helping you navigate the buying process.
Can a buyer’s agent help with financing in Portugal?
A buyer’s agent is not a lender, but they can recommend reputable mortgage lenders and provide valuable assistance on the financing options that may be best suited to your needs. They will be able to guide you through the home-buying process and connect you with industry experts who can assist with your loan application.
Will a buyer's agent in Portugal handle negotiations on my behalf?
Yes, a buyer’s agent can negotiate on your behalf, and given their experience with the real estate market, including assessing property values, current market trends, and comparable sales data, this can certainly play to your advantage. With a buyer’s agent, such as Goldcrest, you can rest assured that you negotiate for the best price possible.
Can a buyer's agent recommend other professionals?
Many buyer’s agents will have an extensive network that they can introduce you to, ensuring that the entire process runs smoothly. Goldcrest, for example, can connect you with a range of industry experts, including property surveyors, tax professionals, real estate lawyers, banks, residency specialists, architects, interior designers, Portuguese furniture brands, and mortgage and financing consultants.
What if I am interested in a renovation project or in the new construction of a home?
Whether you are buying a new construction home or investing in a renovation project, it is useful to have a buyer’s agent by your side. They can introduce you to a local Portuguese project manager who will assist with planning permission, construction plans, and warranties, ensuring that your interests are met throughout the process.
Are there buyer's agents in Portugal?
Yes, you will find buyer’s agent in Portugal such as Goldcrest. As a real estate professional, we are dedicated to helping you find property based on your needs so you can discover your dream home. We also have access to properties that you will not find elsewhere on the market.
Do I need to use a buyer's agent?
While you do not need to use a buyer’s agent, it can be a valuable investment to work with property experts when buying residential property in Portugal. Particularly if you are unfamiliar with the language and the Portuguese home buying process, working with an exclusive buyer agency will save you time and money, ensuring that the whole process of buying property in Portugal runs as smoothly as possible.
Why choose a buyer's agent over searching for properties myself?
Buyer’s agents possess extensive knowledge of the market and the tools necessary to simplify the property buying process, thereby reducing the amount of time and energy you need to invest. They offer valuable market knowledge, assist you in navigating the negotiation process and the closing procedure, and help you make informed choices. By representing you, they provide an additional level of safeguarding and support for your buyer’s interests.
What is the difference between a buyer and a seller's agent?
The main difference between a buyer’s agent and a seller’s agent is who they represent. A buyer’s agent works exclusively for the buyer, helping them buy their ideal property at the best possible price and making the process as stress-free as possible. On the other hand, a seller’s agent works for the seller and will get a higher commission for a higher sale.
Is a Portugal buyer's agent worth it?
A buyer’s agent can save you time and money during the process of purchasing property, particularly in a foreign country. A real estate buyer’s agent in Portugal is an expert in the country’s property market and the purchasing process and will be able to liaise with the seller and lawyers, ensuring all the correct processes are followed. So yes, a buyer’s agent is definitely worth utilizing.
What are good ways to find a buyer's agent in Portugal?
To find reliable house buying agents in Portugal, you can do a quick online search for “buyer’s agent Portugal” or “buyer agency Portugal”. However, perhaps most importantly, consider seeking referrals from friends or acquaintances. Evaluate agents based on their experience, credentials, and familiarity with the Portuguese market to ensure a successful property purchase.
How does a Portugal buyer’s agent get paid?
When utilizing buyer’s agents, you will typically need to pay them fees for completing the real estate transaction. A Portugal buyer’s agent fee will vary, with some buyer’s agents charging a flat fee while others charge an amount similar to a commission fee.
What is a buyer’s agent fee in Portugal?
Fees for buyer’s agents in Portugal will vary. Some charge a flat fee while others charge an amount similar to a real estate commission fee.
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