Cascais, a charming coastal town located on the west coast of Portugal, is a popular destination for tourists and expats alike. With its beautiful beaches, stunning architecture, and vibrant culture, it’s no wonder that many people are interested in buying property in Cascais. In this guide, we’ll take a look at some of the things you need to know if you’re interested in buying Cascais property for sale.
Location
Cascais is located about 30 minutes away from Lisbon, cascais property for sale capital city, and is easily accessible by car or public transportation. The town is situated on the coast, with beautiful beaches and a marina that is home to many luxury yachts. The location of Cascais makes it a popular destination for those who enjoy the beach lifestyle, as well as those who want to be close to the city.
Property Types
Cascais offers a variety of properties for sale, including apartments, villas, and townhouses. The prices of these properties can vary depending on location, size, and condition. Apartments are a popular option for those who want to be close to the beach and the town’s amenities, while villas and townhouses offer more space and privacy.
Price Range
The price of properties in Cascais can range from around €250,000 for a small apartment to over €10,000,000 for a luxury villa. The average price for a property in Cascais is around €1,000,000, but there are many properties available at lower and higher price points. It’s important to have a budget in mind when searching for property in Cascais, as the prices can vary significantly depending on location and other factors.
Legal Process
Buying property in Portugal is a relatively straightforward process, but it’s important to work with a qualified lawyer who can guide you through the process. Before purchasing a property in Cascais, it’s important to obtain a fiscal number from the Portuguese tax authorities and to open a Portuguese bank account. These steps will allow you to pay taxes and other fees associated with the purchase of property in Portugal.
Once you’ve found a property you’re interested in purchasing, you’ll need to sign a promissory contract and pay a deposit of around 10% of the purchase price. The final step is the completion of the deed of sale, which will transfer ownership of the property to you.
Taxes and Fees
There are several taxes and fees associated with buying property in Portugal, including transfer tax, stamp duty, and legal fees. The transfer tax, also known as IMT, is a tax based on the value of the property and can range from 1% to 6%. Stamp duty is a tax on the documents used in the purchase and can range from 0.4% to 0.8%. Legal fees can also vary depending on the complexity of the transaction and the lawyer you work with.
Real Estate Agents
Working with a reputable real estate agent can make the process of buying property in Cascais much easier. A good agent can help you find properties that meet your criteria, negotiate on your behalf, and guide you through the legal process. When choosing a real estate agent, it’s important to look for someone who has experience in the Cascais market and who is licensed and insured.
Financing
If you need financing to purchase a property in Cascais, there are several options available. Portuguese banks offer mortgages to both residents and non-residents, although non-residents may be subject to higher interest rates. It’s also possible to obtain financing from international banks or to use equity from another property to purchase a property in Cascais.
Conclusion
Buying property in Cascais can be a great investment for those looking for a beachside lifestyle or a holiday home. The town offers a variety of properties at different price points, and the legal process of buying property in Portugal is relatively straightforward with the help of a qualified lawyer.
It’s important to have a budget in mind when searching for properties in Cascais, as the prices can vary significantly depending on location, size, and condition. Working with a reputable real estate agent can also make the process much easier and ensure that you find the property that best meets your needs.
Overall, Cascais offers a beautiful location, stunning architecture, and a vibrant culture that makes it a popular destination for tourists and expats alike. Whether you’re looking for a holiday home or a permanent residence, buying property in Cascais can be a great investment in your future.