4 ms·

The problem in portugal is purely a political and regulatory one. On a 200k€ house you're paying roughly 50k€ on top for taxes and fees alone.

by djbebs 6y ago

libertine 6y ago
I disagree, specially if you're looking at what you can get for 200k€.
- tartoran 6y ago
  > I disagree, specially if you're looking at what you can get for 200k€. Is it better or worse than in the UK? I know some folks who moved to Portugal to retire and they bought an amazing large house for 150k euros about 5 years ago. It wasn’t in Lisbon but Albufeira and that location works out for their age group. I think their property appreciated quite a bit since then and overall they are much much happier than they were in New York.
  - libertine 6y ago
    I think in the end it's worse for the simple fact that our income is way lower than the ones in the UK. Like, maybe the avg middle class family in the UK can easily buy a house in Portugal bellow the market value of the UK, while the avg portuguese middle class family can't do that in Portugal, let alone the buying an house in the UK lol. This is one of those things the fuel the extremes in politics - a lot of people that I know are starting to become outraged that we can't afford houses in our own country. It's like our solution is to start to look for house in the north of Africa (it's a bad and sad joke), or to go to other EU country (or the UK), work there for a decade +, and return to buy an house in Portugal. If nothing is done, and a lot of people keep parking money in Portugal housing market (some as imigrants, like your friends or others from UK/richer European countries, or people just buying golden visas through realstate to get a EU passports), then I'm afraid nothing good will come out of this. A lot of people thought it was the migrant crisis that might start the fire for the for extreme-right in Portugal, I think the end will be hyper inflation and the housing market - all because people just want to live in dignity where they were born, and they're being squeezed out.
    - algo_trader 6y ago
      Is there more housing being built ? I am sure it has its own NIMBY, especially in the capital, but why isnt more being built outside the premium zones? Portugal has a greying and falling (!) population [1]. Total fertility rate has been below replacement for 40 years (amazing ! Could that be true?). And the population density is well below the UK, and much lower than England it self. [1] https://en.wikipedia.org/wiki/Demographics_of_Portugal https://en.wikipedia.org/wiki/Demographics_of_Portugal Also, the working age population seems to have peaked, meaning wages should start to rise. Good luck to u and your friends.
      - libertine 6y ago
        >Is there more housing being built ? The bulk is probably recovery of old buildings, but even land slots for construction are becoming unaffordable. It's common to see listing prices for the same land slot/buildings increase - like when people realize there's a lot of bids for their property they pull the house and relist for 10-20% more. Our governments made sure to grow specific sectors of their interest and left the rest of the country in the shit, so now we're going to be the tip of the tail for the EU. People live with their parents until their 30's because they can't afford to pay rents, so it's impossible to have kids or you just dig a bigger hole. >Also, the working age population seems to have peaked, meaning wages should start to rise. Good luck to u and your friends. I'm not that positive mate, but thank you, we're going to need it.
llampx 6y ago
Is Spain better than Portugal for this?

The problem in portugal is purely a political and regulatory one. On a 200k€ house you're paying roughly 50k€ on top for taxes and fees alone.

by djbebs 6y ago

The problem in portugal is purely a political and regulatory one. On a 200k€ house you're paying roughly 50k€ on top for taxes and fees alone.

libertine 6y ago

I disagree, specially if you're looking at what you can get for 200k€.

tartoran 6y ago
> I disagree, specially if you're looking at what you can get for 200k€. Is it better or worse than in the UK? I know some folks who moved to Portugal to retire and they bought an amazing large house for 150k euros about 5 years ago. It wasn’t in Lisbon but Albufeira and that location works out for their age group. I think their property appreciated quite a bit since then and overall they are much much happier than they were in New York.
- libertine 6y ago
  I think in the end it's worse for the simple fact that our income is way lower than the ones in the UK. Like, maybe the avg middle class family in the UK can easily buy a house in Portugal bellow the market value of the UK, while the avg portuguese middle class family can't do that in Portugal, let alone the buying an house in the UK lol. This is one of those things the fuel the extremes in politics - a lot of people that I know are starting to become outraged that we can't afford houses in our own country. It's like our solution is to start to look for house in the north of Africa (it's a bad and sad joke), or to go to other EU country (or the UK), work there for a decade +, and return to buy an house in Portugal. If nothing is done, and a lot of people keep parking money in Portugal housing market (some as imigrants, like your friends or others from UK/richer European countries, or people just buying golden visas through realstate to get a EU passports), then I'm afraid nothing good will come out of this. A lot of people thought it was the migrant crisis that might start the fire for the for extreme-right in Portugal, I think the end will be hyper inflation and the housing market - all because people just want to live in dignity where they were born, and they're being squeezed out.
  - algo_trader 6y ago
    Is there more housing being built ? I am sure it has its own NIMBY, especially in the capital, but why isnt more being built outside the premium zones? Portugal has a greying and falling (!) population [1]. Total fertility rate has been below replacement for 40 years (amazing ! Could that be true?). And the population density is well below the UK, and much lower than England it self. [1] https://en.wikipedia.org/wiki/Demographics_of_Portugal https://en.wikipedia.org/wiki/Demographics_of_Portugal Also, the working age population seems to have peaked, meaning wages should start to rise. Good luck to u and your friends.
    - libertine 6y ago
      >Is there more housing being built ? The bulk is probably recovery of old buildings, but even land slots for construction are becoming unaffordable. It's common to see listing prices for the same land slot/buildings increase - like when people realize there's a lot of bids for their property they pull the house and relist for 10-20% more. Our governments made sure to grow specific sectors of their interest and left the rest of the country in the shit, so now we're going to be the tip of the tail for the EU. People live with their parents until their 30's because they can't afford to pay rents, so it's impossible to have kids or you just dig a bigger hole. >Also, the working age population seems to have peaked, meaning wages should start to rise. Good luck to u and your friends. I'm not that positive mate, but thank you, we're going to need it.

llampx 6y ago

Is Spain better than Portugal for this?