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Property & Real Estate

Our Special Feature on: Property & Real Estate

You may be dreaming of buying your own property to live in, or just to buy a second property in the sun that you can use for holidays, or maybe you just want to invest in property that can be used for long or short-term rentals, so that you can get a return on your money.
If you are having doubts about staying in a Lagos holiday rental, it’s probably due to some of the common myths below. Many people have become used to book hotel accommodation because many are unaware of the range and quality of rentals that are available to them in Lagos. This lack of knowledge is one of the reasons why holiday rentals have acquired so many myths. Don’t let these misconceptions stop you from enjoying an affordable and memorable holiday rental in Lagos.
Get Help! Appoint a Local Property Management Company.

Real estate investment, is a lucrative financial tool, giving you access to a wide range of opportunities for making good money. Many people opt to invest in the property business after their retirement so as to maintain a steady flow of income thereafter. 
There is no doubt that buying a property overseas is a big investment and one no one takes litely, but many people get so caught up in the hunt for their place in the sun here in the Algarve that they forget to insure it after purchasing.
The Algarve is one of the favourite places were foreigners buy an holiday home. Regardless of whether your holiday home is used as a weekend retreat,short holidays or for commercial holiday letting, it is vital that you protect your property with adequate insurance coverage. 
Below are just 3 of the ways hiring a property management company can save you time and money.
If you are planning to buy or sell a property, a registered real estate agent can help you.  A real estate agent is a professional who will connect the buyer and the seller. In addition, many real estate agents will also have a property management portfolio, and thus he is also responsible for managing rentals, as well as in maintaining a property.

This is one of the things that really surprised me when I arrived in Portugal and became a resident: - the enforced disclosure of your social security / identity number / fiscal number requested everywhere and by everyone.

This was especially disturbing after all the stories that I have read about identity theft in the international mainstream media. But it is part and parcel of life in Portugal.
Hiring a property management company can be great for you, or not.

One of the biggest decisions you'll make as a property owner and as a landlord is whether you should hire a property management company or not. Many owners manage properties on their own or with the help of an employee. But sometimes owners need more help, and that's when a property management company might make sense.
You are here in Lagos, on holiday; you have fallen in love the town and its surroundings; and you are now thinking of investing and buying a property, so that you have a place to return to when you want to break away from your day-to-day life.
If you ever wondered what it is that a property management company actually does? Be sure, you’re not alone. This is the one question my friends seem to ask me the most since I started researching this topic. Find out more about this service here.

You have been on holiday, fallen in love with the country and bought yourself a second home in Lagos, that you are planning on using for vacations, renting out as an investment or to live in permanently.
A landlord may utilize a property management company for a large property or when several of their properties require management services. From your landlord’s perspective, there are clear advantages in doing this. 
According to an article in the Wall Street Journal, Portuguese properties are becoming a very attractive option for buyers that have the neccessary funding and purchasing power and in fact, the number of people selecting Portugal to buy a property is increasing.
New Laws and Taxes now apply if you are letting your property commercially in Portugal and as a result, you now have to have a commercial rental license also known locally as a "Licenca de Alojamento Local"  before you can officially let your property.
This is a question that I have often been asking myself over the past few years, and it rose once again; when the planned construction of the Cascade Thallasso Beach Apart Hotel in the eco-sensative area of Praia da Porto de Mos (Porto de Mos Beach) in Lagos, was brought to my attention.
In view of the current economic scenario, more and more people are asking about the virtue of renting a home versus buying a home. The same scenario may apply if you are relocating to a new area.

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