I recommend not buying a house in what is called in Portugal a "Condomínio Privado" - a walled in area where a group of houses share a common swimming pool, gym, garden, kid's playing area, tennis court, etc. From both personal experience and also the experience of several friends of mine, people tend to be very happy in a Condomínio Privado for the first three or four years, then the disagreements about how to manage the common areas (/the costs of keeping them) start to pile up, and the owners of the houses end up not talking to each other, or splitting into interest groups that barely talk to each other. I've seen this happen time and again. One could argue that if you buy an apartment there are also common areas to manage collectively. That is true, but: a) the common areas in a building are a much smaller issue, compared with the common areas in a Condomínio Privado b) in a Condomínio Privado the owners of the houses cross each other's path a lot more often (in the swimming pool, the kid's playing area, etc) than in a building Trust me, a Condomínio Privado means four years of happiness and a steadily degrading quality of life from then on. I also tend to dislike buildings with a swimming pool, for more or less the same reasons. Swimming pools are a source of constant problems, and after the novelty effect wears off, they tend to be used only by kids up to 15 y/o (and tons of their school friends, which is another source of constant attrition between the owners of the houses/apartments)
Thats a common thing all over the world. The best part of condominios is the safety and privacy, but beware of the monthly fees, people don't take that into consideration when they get to an old age.
Lisboa, Cascais and Oeiras are the most expensive municipalities in Portugal by far. Cascais and Oeiras are the best compromise between being close to central Lisbon but also getting the more relaxed beachy feel lifestyle. Quality of life wise they are great, but it comes at a price.
Lots of places south of Lisbon are also great and cheaper. Unfortunatelly, most of them are not as well-cared as in Oeiras or Cascais. For example, I live in a neighboorhood named Marisol, in the municipality of Almada, which is a very quiet neighboorhood close to the beach, close to important places (shops, restaurants, etc.) and with tons of pines forests around. The problem is that, comparing to what happens in Cascais or Oeiras, these municipalities in the south are much more burocratic and are not that productive - some streets have a terrible floor, some places doesn't have walkways at the edge of the roads and the existent walkways are sometimes irregular or with lots of plants (they look like a jungle).
@@antoniof9756 Quinta do Lago is part of Concelho de Loulé. Loulé it's the 4th more expensive municipality in Portugal right after Lisboa, Cascais and Oeiras (in that order). I'm talking about real estate avg cost per square meter.
Another excellent and informative video from you! Thank you for sharing your knowledge and experiences with us!😁 We're currently still in the US trying to whittle down our belongings to a manageable amount. (Not easy to do at our age!) 😉 We are looking to buy closer to the Porto area, north of the Porto area) because we enjoy all 4 seasons, especially fall & winter. (We currently live near Boulder, Colorado at 9K elevation, so snow is something we enjoy!)☃️☃️ We hope to visit in October for 2 weeks in order to better educate ourselves on what areas may be better suited for us. Have a wonderful weekend and thank you again for your assistance for those of us just beginning the long process of planning our move! Also, CONGRATULATIONS on your subscribers! You'll be at 2,000 in no time! 👍
Thank you for your support! And we love Colorado and the people there too. I bet you will like the Porto area. We are from Texas and wanted it a little bit warmer.
@@HoneymoonAlways We used to live in Katy, Tx,... but hubby was transferred to Calgary, so we moved to Canada for 5 years. We came back to Colorado to open a liquid nitrogen ice cream shop, but Corona virus forced us into early retirement. Good thing Hubby spent all those years as a Geophysicist, otherwise we'd have no funds to move with! 🤷🏼♀️
Hi, Very informative Video. I am also from the states and have a question for you, for the legal charges part, 14:10, which method is most suitable for a foreign buyer? Is there always a legal charges option to choose when hiring an agent or attorney? Thanks.
Estou a adorar os vídeos! Às vezes eu acho um pouco difícil ouvir o que Dan está a falar mas estou a assistir-los num lugar onde tem um pouco de barulho.
Good sharing. Thanks. Just a feedback, not sure if only me think it that way, since the speed you both speak are so different, there’s no way for me to find a right playback speed to watch your videos.
Wow! That was very informative! I didn’t know about the buyers tax and didn’t know about the fact that if the seller backs out they have to pay you double the down payment! That’s quite the incentive not to back out! ~ Jen
Buying a house can cost you less 30% for what you pay for renting. There are tax when you purchase your home and a tax yearly based on your house dimension and location
I dont think arcades made a comeback yet in Lisbon :) i know there's a museum. There's also shops you can buy arcades. Other than that i have never seen arcade places like in the good old days :)
Yes in Lisbon we had "1up gaming lounge" that unfortunately closed doors cause of the pandemic, but there's a new place called "gala gala" where you can drink and play arcade games. 🍻🎮😊
@@HoneymoonAlways We have the annual property taxes as well. I know in some provinces there are incentives to avoid the HST or GST, but not for all properties... the fact is, taxes are very up front here. Things are not hidden. And, did you know that the US is one of the only countries in the world that will tax you and make you file taxes in the US, no matter where you live in the world. Residency or no residency.
There is far more to Portugal than living in an expensive, noisy, overcrowded, polluted city like Lisbon where everyone is in a mad rush and has no time for anyone else. It seems so many Americans just want to replicate their former life in the US. If so, then why leave the US? This video totally fails to show the wide range of living options available in Portugal.
Of course there is more than just Lisbon, but we are new here so we can’t be experts on the entire country yet. 😅Realize that when you move to a new country everything is new, so you have to take it one step at a time. While you may think Lisbon is similar to the US, everything is so different to us. what you considered a mad rush, we consider taking it slow. So today we are getting to know Lisbon and enjoying what a big city has to offer, tomorrow is another day to get to know more of this beautiful country.
@@HoneymoonAlways The best region, with the best compromise between price and quality of life is "Costa de Prata"... Cities: Torres Vedras, Lourinhã, Peniche, Caldas da Rainha, Nazaré, Marinha Grande, Leiria, Figueira da Foz, Aveiro...
Are you crazy, Lisbon is a small city only 500k ppl not like the big cities in Europe. Lisbon is one the less capital cities with lower pollution in Europe, because tons of parks everywhere.
@@arturjcrebelo3275 lisbon is far from being a small city in european terms. In fact Lisbon metropolitan area is the 8th largest in the EU with around 3 million people. Most foreigners tend to consider Lisbon as being only the proper city limits (which has only 500k as you said). But that is similar to considering NYC as being manhattan or something like that. I live in Oeiras and if someone from some other city asks me where i live I say Lisbon.
Thanks so much!! Most home examples I see vloggers doing are only apartments, was very nice to see some actual houses can be affordable too if you go outside a bit.
@@TimMaloneyNMactor No worries! I thought I was just mistaken... sometimes what looks like a house is actually a duplex or even a condo, depending on the angle of the photos.
that first appartment reeks of classism. if you can't share a bathroom with your maid, you must have a severe superiority complex. horrible. also i've been to a few rich people houses and there was no such thing as a maid bathroom or maid entrance. there's smaller toilets for visits, though. at least where i live it isn't normal, thankfully. (i'm finding the video useful as a portuguese who's trying to buy a home in portugal but not in lisbon, thank you!)
This is something very familiar to me when growing up in Sri-Lanka. We were not rich, just middle class, but we had a nice big house, and we had a living-in maid. She had her own bathroom. Our bathroom was only for our family. The maid was treated very well. This is very normal there too in rich & middle class families. Sri-Lanka was under Portuguese ruling at one point; there are similar last names I recognize; Fonseka is one of them too.
Well done, you said "Tortas de Azeitão" perfectly.
Obrigado!
Great video, guys! - Josh & Kalie
Thanks guys! I remember Kalie saying she wasn’t impressed by the million dollar homes… have to agree.
@@HoneymoonAlways They're nice but where's the other €750,000-800,000 in added value? 😂
The best explained PT real estate buying process I’ve seen so far! Well done you!! 👍👌
Glad it was helpful!
I recommend not buying a house in what is called in Portugal a "Condomínio Privado" - a walled in area where a group of houses share a common swimming pool, gym, garden, kid's playing area, tennis court, etc. From both personal experience and also the experience of several friends of mine, people tend to be very happy in a Condomínio Privado for the first three or four years, then the disagreements about how to manage the common areas (/the costs of keeping them) start to pile up, and the owners of the houses end up not talking to each other, or splitting into interest groups that barely talk to each other. I've seen this happen time and again.
One could argue that if you buy an apartment there are also common areas to manage collectively. That is true, but:
a) the common areas in a building are a much smaller issue, compared with the common areas in a Condomínio Privado
b) in a Condomínio Privado the owners of the houses cross each other's path a lot more often (in the swimming pool, the kid's playing area, etc) than in a building
Trust me, a Condomínio Privado means four years of happiness and a steadily degrading quality of life from then on.
I also tend to dislike buildings with a swimming pool, for more or less the same reasons. Swimming pools are a source of constant problems, and after the novelty effect wears off, they tend to be used only by kids up to 15 y/o (and tons of their school friends, which is another source of constant attrition between the owners of the houses/apartments)
That sound similar to new communities in the US!
Thats a common thing all over the world. The best part of condominios is the safety and privacy, but beware of the monthly fees, people don't take that into consideration when they get to an old age.
Awesome video! Thanks for detailed info which really helped me a lot. Moving to Lisbon next year and will keep this video as my guidance :)
Lisboa, Cascais and Oeiras are the most expensive municipalities in Portugal by far. Cascais and Oeiras are the best compromise between being close to central Lisbon but also getting the more relaxed beachy feel lifestyle. Quality of life wise they are great, but it comes at a price.
More expensive than those only Quinta do Lago, in the Algarve.
Lots of places south of Lisbon are also great and cheaper. Unfortunatelly, most of them are not as well-cared as in Oeiras or Cascais. For example, I live in a neighboorhood named Marisol, in the municipality of Almada, which is a very quiet neighboorhood close to the beach, close to important places (shops, restaurants, etc.) and with tons of pines forests around. The problem is that, comparing to what happens in Cascais or Oeiras, these municipalities in the south are much more burocratic and are not that productive - some streets have a terrible floor, some places doesn't have walkways at the edge of the roads and the existent walkways are sometimes irregular or with lots of plants (they look like a jungle).
@@antoniof9756 Quinta do Lago is part of Concelho de Loulé. Loulé it's the 4th more expensive municipality in Portugal right after Lisboa, Cascais and Oeiras (in that order). I'm talking about real estate avg cost per square meter.
Another excellent and informative video from you! Thank you for sharing your knowledge and experiences with us!😁
We're currently still in the US trying to whittle down our belongings to a manageable amount. (Not easy to do at our age!) 😉
We are looking to buy closer to the Porto area, north of the Porto area) because we enjoy all 4 seasons, especially fall & winter. (We currently live near Boulder, Colorado at 9K elevation, so snow is something we enjoy!)☃️☃️
We hope to visit in October for 2 weeks in order to better educate ourselves on what areas may be better suited for us.
Have a wonderful weekend and thank you again for your assistance for those of us just beginning the long process of planning our move!
Also, CONGRATULATIONS on your subscribers! You'll be at 2,000 in no time! 👍
Thank you for your support! And we love Colorado and the people there too. I bet you will like the Porto area. We are from Texas and wanted it a little bit warmer.
@@HoneymoonAlways We used to live in Katy, Tx,... but hubby was transferred to Calgary, so we moved to Canada for 5 years. We came back to Colorado to open a liquid nitrogen ice cream shop, but Corona virus forced us into early retirement. Good thing Hubby spent all those years as a Geophysicist, otherwise we'd have no funds to move with! 🤷🏼♀️
You should consider Almada. Very close to Lisbon and beachs and half the price.
We’ve never really considered it much, but will give it a closer look, thanks!
Hi, Very informative Video. I am also from the states and have a question for you, for the legal charges part, 14:10, which method is most suitable for a foreign buyer? Is there always a legal charges option to choose when hiring an agent or attorney? Thanks.
What taxes do you have to pay in Portugal?
Great video, helping out with the algorithm
Thank you Frank!
Estou a adorar os vídeos! Às vezes eu acho um pouco difícil ouvir o que Dan está a falar mas estou a assistir-los num lugar onde tem um pouco de barulho.
Eu tento falar mais alto :)
Good sharing. Thanks.
Just a feedback, not sure if only me think it that way, since the speed you both speak are so different, there’s no way for me to find a right playback speed to watch your videos.
Wow! That was very informative! I didn’t know about the buyers tax and didn’t know about the fact that if the seller backs out they have to pay you double the down payment! That’s quite the incentive not to back out! ~ Jen
Neither did we! The purchase tax is definitely something that affects the decision to buy or rent.
Buying a house can cost you less 30% for what you pay for renting. There are tax when you purchase your home and a tax yearly based on your house dimension and location
Wish the US would do the double-the-deposit-back if the seller backs out.
What are hoa dues (or the equivalent like) for upkeep of common areas of condos like in Portugal?
It really depends on the property and the amenities that are being taken care of.
Weird question... are there cool retro arcades in Portugal? In Austin there's Pinballz. Anything like that in your neighborhood?🕹
I’m not sure, haven’t searched for anything like that
I dont think arcades made a comeback yet in Lisbon :) i know there's a museum. There's also shops you can buy arcades. Other than that i have never seen arcade places like in the good old days :)
Yes in Lisbon we had "1up gaming lounge" that unfortunately closed doors cause of the pandemic, but there's a new place called "gala gala" where you can drink and play arcade games. 🍻🎮😊
@@a.m.1259 Badass! Thanks for the heads up. Any idea how many arcade machines & pinball tables they have?
@@pedro161977 Thanks, Pedro! I didn't get notified of you reply. Do you know the name of the place that sells arcade machines?
Good video… you are learning a lot. I’m surprised you don’t pay tax on a house purchase in the US. Is that in any state, or only where you purchased?
There is an annual property tax that varies by state but no tax at the purchase of the house.
@@HoneymoonAlways We have the annual property taxes as well. I know in some provinces there are incentives to avoid the HST or GST, but not for all properties... the fact is, taxes are very up front here. Things are not hidden. And, did you know that the US is one of the only countries in the world that will tax you and make you file taxes in the US, no matter where you live in the world. Residency or no residency.
I plan to buy but wonder if anyone recommends doing this all online without traveling to Portugal Seems like that would be foolish and risky
Its a big investment. Onsite validation is a must imo.
There is far more to Portugal than living in an expensive, noisy, overcrowded, polluted city like Lisbon where everyone is in a mad rush and has no time for anyone else. It seems so many Americans just want to replicate their former life in the US. If so, then why leave the US? This video totally fails to show the wide range of living options available in Portugal.
Of course there is more than just Lisbon, but we are new here so we can’t be experts on the entire country yet. 😅Realize that when you move to a new country everything is new, so you have to take it one step at a time. While you may think Lisbon is similar to the US, everything is so different to us. what you considered a mad rush, we consider taking it slow. So today we are getting to know Lisbon and enjoying what a big city has to offer, tomorrow is another day to get to know more of this beautiful country.
@@HoneymoonAlways The best region, with the best compromise between price and quality of life is "Costa de Prata"...
Cities: Torres Vedras, Lourinhã, Peniche, Caldas da Rainha, Nazaré, Marinha Grande, Leiria, Figueira da Foz, Aveiro...
@@ajs966743 We have heard great things and look forward to checking those areas out!
Are you crazy, Lisbon is a small city only 500k ppl not like the big cities in Europe. Lisbon is one the less capital cities with lower pollution in Europe, because tons of parks everywhere.
@@arturjcrebelo3275 lisbon is far from being a small city in european terms. In fact Lisbon metropolitan area is the 8th largest in the EU with around 3 million people. Most foreigners tend to consider Lisbon as being only the proper city limits (which has only 500k as you said). But that is similar to considering NYC as being manhattan or something like that. I live in Oeiras and if someone from some other city asks me where i live I say Lisbon.
Thanks so much!! Most home examples I see vloggers doing are only apartments, was very nice to see some actual houses can be affordable too if you go outside a bit.
@@TimMaloneyNMactor oh dang... I thought the second one was a detached house :(
@@spyhunter66 you`re right about outside the main Cities . prices are much better and you can enjoy your quiet garden and the outdoors .
@@spyhunter66 You were right . sorry , looked like like a big apartment to me .
@@TimMaloneyNMactor No worries! I thought I was just mistaken... sometimes what looks like a house is actually a duplex or even a condo, depending on the angle of the photos.
Go see Madeira, you will fall in love
We are hoping to go soon!
beautiful city lisbon bot i want visa
💯
💯💯💯💯
that first appartment reeks of classism. if you can't share a bathroom with your maid, you must have a severe superiority complex. horrible. also i've been to a few rich people houses and there was no such thing as a maid bathroom or maid entrance. there's smaller toilets for visits, though. at least where i live it isn't normal, thankfully.
(i'm finding the video useful as a portuguese who's trying to buy a home in portugal but not in lisbon, thank you!)
This is something very familiar to me when growing up in Sri-Lanka. We were not rich, just middle class, but we had a nice big house, and we had a living-in maid. She had her own bathroom. Our bathroom was only for our family. The maid was treated very well. This is very normal there too in rich & middle class families.
Sri-Lanka was under Portuguese ruling at one point; there are similar last names I recognize; Fonseka is one of them too.