View Single Post
  #8  
Old 10-04-2008, 05:21 PM
Seb Lacroix Seb Lacroix is offline
Active Member
 
Join Date: Apr 2008
Posts: 7
Default

Hello.

I don't know about the deal you are willing to make. I don't know the area but what I can tell you if that right now in Portugal you will see lot's of Vende-se signs ( on sale). If it's a right time to buy, you never know the future but at least as a buyer you are on the dominant position so you can make some good deals.

To give you my personal experience, last year I was looking to buy 1 flat for myself in Aveiro ( 1h south from Porto ) and one for my father. I know I wanted to buy them in a very small area because I was going to rent them to University Students ( about 13 000 university students in Aveiro ). I took one month visiting flats in an area of 2 kilometers. I made about 40 visits to finally buy the two flats at very good prices. Regarding to all the flats I visited my flats where between 10 000 to 15 000 euros cheaper than the AVERAGE market prices. Regarding to the money invested, 95 000 euros and a 113 000 euros investment that's quit a good save of money. ( Enough to buy the furnitures, pay the taxes and still go for a ski trip :-)

So my ADVICE is don't visit only from one agency. If you can do it by yourself, take a bike, walk, take 1 month and visit, visit and visit. ( From agencies, from individual, and ask in bars, pubs, restaurants in case you really like one special place, street, building).

My friends and network here are now asking me to "work" for them so I am kind of an Independant real estate consultant. As they don't know the market, they don't have time, I do it for them as if it was again for me.

If you have any questions, send me and email.

Take care and enjoy portugal
Reply With Quote
Sponsored Links