Portugal: only fools rush in

Experts have warned that research is essential before buying in Portugal…

According to Barclays Buying Abroad (BBA), foreign property markets should not be compared with the UK since they have their own individual rules and regulations. Portugal, for example, requires buy-to-let investors to pay a proportion of their rental returns in tax.

Suzanne Clay, business development manager at BBA advised: “Finding a place you want to buy is probably the easiest part as there are so many beautiful properties in Portugal. However, prospective investors should get expert advice in order to familiarise themselves with these various requirements.

“In addition, investors should research the performance of the market in their chosen destination. This would enable them to make an informed decision on where they wish to buy a property.