Welcome to Cornerstone Worldwide Property
Wherever you want to be in the World
00 44 (0)1603 700007
How can we help?
Our range of services are designed to support you all the way when buying Property Abroad. Please call us with your requirements or e mail our offices to find out more about any property that suits your needs.
"After our inspection visit not only did Cornerstone find our dream property but we also found that we had made a new friend! Also I have found that the after sales service to your customers is second to none. You couldn’t have made it all any easier.”
Mr & Mrs Gold (London)
Over 12,000 properties available online
Portugal
A bit about Portugal:
- Good choice of areas
- Cosmopolitan
- English widely spoken
- Good job opportunities
- Cost effective and easy to get to
- Varied investment possibilities
- Good mix of ages with both young and old choosing Portugal
- Excellent medical and educational support
Property prices:
- Coastal apartments from 75,000 GBP
- Costal villas from 165,000 GBP
- Inland village houses from 60,000 GBP
- Inland houses from 95,000 GBP
Property purchase costs and procedure.
- Allow 8% to 10% of purchase price to cover costs
- Initial reservation deposit of between 2,000 and 4,000 pounds required
- 10% to 30% should be paid after lawyer has carried out searches
- Once you have paid the 10% to 30% you will enter a private purchase contract (Exchange of contracts)
- If buying a new development stage payments may be required
- From offer to completion usually takes around six to eight weeks
Can I take a mortgage?
- Mortgages available from both UK and Portuguese banks
- Equity release schemes from UK property
- Low euro borrowing rates
- Up to 75% loans available
Getting there:
- Many low cost airlines fly to Portugal
- Wide choice of departure airports
- Option to Drive to all parts Portugal
- Ferry service to northern Spain which then allows you to drive into Portugal
What about Jobs?
- No work permit required
- Lots of employment opportunities in coastal areas
- Opportunities to start new business ventures
- Easy access to job adverts (local press and internet)
Can I take my Pet?
- Pet passport scheme in place to allow the import and export of your pet.
Transferring money
- Best rates available through money transfer specialists.
Driving licenses.
- You can use your UK license whilst a non resident
- Residents (UK nationals based in Portugal) must register their license with the Portuguese department of transport.
What about schools?
- Good local Portuguese schools
- Network of private English schools around Faro and Lisbon
Some Key points
- Always use a lawyer represented in Portugal when purchasing property.
- Portuguese developers generally now offer bank guarantees for all amounts paid prior to hand over
- New developments must now offer 10 year structural guarantees
