2% Estate Agency
#16
BE Enthusiast
Thread Starter
Joined: Sep 2021
Location: Peniche
Posts: 540
Re: 2% Estate Agency
Portugal has always been more expensive than Spain (in general) for housing costs...... but on the other hand there have been less sob-stories. Over 30 years ago I stayed in Andalucia and looked at some nice 3-bedroom villas in the mountains behind Malaga. The next year I met SWMBO and we went to the Algarve for the first time - the same money would only get me a pretty ordinary 2-bed apartment in Lagos. I thought it was because it was the Algarve, but when we went to Lisbon, the prices were much the same (obviously if you chose to live in Cacem or one orf the arredores prices were cheaper, but....). Prices in the North were cheaper for sure.... but not for anything or anywhere I'd want to buy.
...and I haven't checked, but I'd suspect that the notional 500K won't go that far in Madrid or Barcelona either, so "Spain is cheaper" is not a general rule (in fact salaries in Spain in my industry are generally around 20% higher than in Portugal)
Your personal choice will depend on a combination of your budget and what aspects you prioritise for your lifestyle
#17
Re: 2% Estate Agency
Those two data points do give a slightly skewed sample Algarve & Lisbon (plus Porto to some degree) are significantly more expensive than the rest of Portugal): https://www.idealista.pt/en/data/
...and I haven't checked, but I'd suspect that the notional 500K won't go that far in Madrid or Barcelona either, so "Spain is cheaper" is not a general rule (in fact salaries in Spain in my industry are generally around 20% higher than in Portugal)
Your personal choice will depend on a combination of your budget and what aspects you prioritise for your lifestyle
...and I haven't checked, but I'd suspect that the notional 500K won't go that far in Madrid or Barcelona either, so "Spain is cheaper" is not a general rule (in fact salaries in Spain in my industry are generally around 20% higher than in Portugal)
Your personal choice will depend on a combination of your budget and what aspects you prioritise for your lifestyle
Probably the one place I would say was significantly cheaper was TrĂ¡s os Montes, 25 years ago, but that was never a candidate region for us. Direct Portugal/Spain house price comparisons for working-class suburbs of non-tourist areas is also probably of less relevance to people here, no?
Back then, the difference in price between regions was noticeably smaller, for any houses that met our needs - if it had been, I would have noticed. I have travelled more within Portugal than anywhere else in the world and actively looked at houses north to south between 2006 to 2014, since SWMBO had family in the Beiras, Lisbon/Estremadura and the Alto Alentejo, whilst we loved the Baixo Alentejo and the Algarve was always "there" in the mix.
#18
Lost in BE Cyberspace
Joined: Feb 2013
Posts: 6,148
Re: 2% Estate Agency
Those two data points do give a slightly skewed sample Algarve & Lisbon (plus Porto to some degree) are significantly more expensive than the rest of Portugal): https://www.idealista.pt/en/data/
...and I haven't checked, but I'd suspect that the notional 500K won't go that far in Madrid or Barcelona either, so "Spain is cheaper" is not a general rule (in fact salaries in Spain in my industry are generally around 20% higher than in Portugal)
Your personal choice will depend on a combination of your budget and what aspects you prioritise for your lifestyle
...and I haven't checked, but I'd suspect that the notional 500K won't go that far in Madrid or Barcelona either, so "Spain is cheaper" is not a general rule (in fact salaries in Spain in my industry are generally around 20% higher than in Portugal)
Your personal choice will depend on a combination of your budget and what aspects you prioritise for your lifestyle
Only saying that those purely focused on Algarve will have far less choices/limited housing stock when it comes to finished villas with a pool.
#19
Forum Regular
Joined: Jun 2020
Posts: 50
Re: 2% Estate Agency
#20
Lost in BE Cyberspace
Joined: Feb 2013
Posts: 6,148
Re: 2% Estate Agency
Thats a very valid point, it was a calculation I had looked at also i.e. if similar house costs XXX$ more but additional tax liability over 10 years is less than that then the higher tax area is the better financial outcome. I had also considered that my tax liability after 10 years would be higher, per year, in Portugal than in Spain (based on current rates) but my realistic calculation was I would likely be dead or infirm or too old to care by then.
#21
BE Enthusiast
Joined: Feb 2019
Posts: 418
Re: 2% Estate Agency
One thing we rapidly learned - almost nobody respond to emails!
Italy is just the same, nobody answers emails, but it's more surprising in Portugal which is, generally speaking, more up to date with things. I did find that a lot of them do use WhatsApp though and it's even possible (with a bit of effort and Google Translate) to have a conversation in Portuguese via WhatsApp chat
Italy is just the same, nobody answers emails, but it's more surprising in Portugal which is, generally speaking, more up to date with things. I did find that a lot of them do use WhatsApp though and it's even possible (with a bit of effort and Google Translate) to have a conversation in Portuguese via WhatsApp chat
I have normally got a fairly quick response.
WhatsApp is also in widespread usage and I often use that once contact is made.
My biggest bugbear (apart from the high fees) is the refusal to identify locations of properties.
Although privacy concerns are stated, I think it's probably more to do with other agents pinching the business.
The detailed location of a property can make or break a deal and I don't want to waste my time and theirs going to a property I know will not be acceptable.
#22
Forum Regular
Joined: Oct 2018
Posts: 137
Re: 2% Estate Agency
I feel your pain ! detailed location is one thing, lying about the location being 20 km away from its actual location is another. An additional quote on this thread says the Portuguese estate agents are more regulated...really?
#23
Forum Regular
Joined: Aug 2020
Posts: 137
Re: 2% Estate Agency
I have to say my experience over the last 4 months of house hunting (after a very quick sale) has been much more positive on the email responses front.
I have normally got a fairly quick response.
WhatsApp is also in widespread usage and I often use that once contact is made.
My biggest bugbear (apart from the high fees) is the refusal to identify locations of properties.
Although privacy concerns are stated, I think it's probably more to do with other agents pinching the business.
The detailed location of a property can make or break a deal and I don't want to waste my time and theirs going to a property I know will not be acceptable.
I have normally got a fairly quick response.
WhatsApp is also in widespread usage and I often use that once contact is made.
My biggest bugbear (apart from the high fees) is the refusal to identify locations of properties.
Although privacy concerns are stated, I think it's probably more to do with other agents pinching the business.
The detailed location of a property can make or break a deal and I don't want to waste my time and theirs going to a property I know will not be acceptable.