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Real Estate in Portugal

Posted by Property World Listings Team on 19 June, 2017
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Portugal, a country known to have more houses than the total population of 10 million individuals, lies in the Western Europe. Real estate in Portugal usually divides housing in two classes: apartments and isolated houses. With apartments classified in types T0,T1,T2, etc., that defines the number of separate bedrooms, Isolated houses are analogously classified with a ‘V’. Similarly, V0,V1,V2, etc., denotes number of separate bedrooms where V0 will indicate a studio house (no separate bedrooms, with bedroom and sitting room combined in the same single room), while V2  will mean a house with two separate bedrooms in addition to a living room.

Real estate in Portugal is generally similar to most Countries in Europe, only that a few specificities exist. With the highest rate of rural population in Western Europe, about a third of the Portuguese families live in farms or properties outside urban areas.

Portugal has a total land area of 91,470 square kilometres (35,320 sq. miles). With a population of 10,261,669 as in 2017 estimate, 63.47% of Portugal’s population lives in urban. And with a governance system lead by a President, Portugal like many European countries  is a well-known democratic country.

Most of the urban population is actually suburban. The metropolitan areas of Lisbon and Porto each have over 2 million dwellers, with families living in apartment blocs. The apartments are mostly of two bedrooms, a living room, a kitchen and one or two bathrooms.

Most of Portugal’s properties have been built since the 1970s, explaining the reason why historical areas of Lisbon, Porto and other cities are becoming depopulated. The younger generations now have however a growing interest on buying and repairing these old buildings. The district of Bairro Alto in Lisbon is particularly a good example of this occurrence.

Planning laws in Portugal ensure they curb uncontrolled development and that any new developments are harmonious with their surroundings. Most Portuguese buildings and towns look like those in Italy or Spain. However, there are few buildings away from the Portuguese traditional architecture, influenced by the English Post-War and Socialist bloc traditions. There is of course a growing influence in modern architectural trends. Swiss-like chalet, built by Portuguese people who lived in Switzerland or Germany are also common in some parts of the country.

Over two thirds of all real estate in Portugal is owned by the private individuals. Rental properties are common in Lisbon, Porto, Coimbra and Aveiro. This is so because are a large number of students and foreign residents around the cities. Sea resorts and the Algarve also provide a huge number of rental properties particularly the British, Irish, Dutch, German and French residents in the Algarve region.

Life in Portugal

Economy

Largely regarded as a public consumption economy in the last two decades or so, there has been a significant change to the Portuguese economy to include an export, private investment and high-tech industry supported economy. Agriculture and tourism are also taking a centre stage.

Education

Education in Portugal is free and compulsory until age of 18, when students complete 12th grade. There is a system of public education and private schools at all levels of education. Some Universities such as the University of Coimbra dates as back as 13th Century

 Healthcare

As the 12th best in the World, official services for providing healthcare to the population in Portugal is organized as the National Health Service. Free private health institutions and professionals exist in addition to the Public service. Hospitals are also implementing personalized patient care and monitoring services, with English as the language of communication, for overseas patients.

 Climate

The warm, mild Mediterranean climate makes Portugal one of the warmest countries in Europe. It is also one of the sunniest in Europe, reaching over 3000 hours of sunshine per year. The winters are wet, though temperatures seldom go below 160C  in certain areas. Regions vary in climate, with milder winters in areas closer to the sea like the Algarve and colder winters more in the inland. Moreover, mountainous regions in the North receive occasional snowfall.

Travel

Situated at the centre of three major continents namely Europe, Africa and America, Portugal is very attractive to visitors from different parts of the world. It is only a few hours away from many major European capitals. Only a 2.5 hour flight from Paris or London, you are in Lisbon. The modern road network in addition makes traveling with Portugal an easy undertaking. It is only two hours to travel from Lisbon in the South to Porto in the North.

More information , visit Wikipedia and Palm Golding websites.

For buyers of real estate in Portugal, Search our real estate listings in the various parts of Portugal.

And for agents, remember to register as an agent with propertyworldlistings.com in your area and create your own listings for sale or rent.

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