In the area of real estate investment, new construction is always compared with older, existing properties, that is, properties built more than 5 years ago. Buying new homes offers many advantages to buyers and investors.
Here is an overview of all the advantages of buying a new property. Buying a new property in Portugal is a good way to build up wealth, invest safely in Europe, receive monthly rents or prepare to have income when you retire.
Whether you are buying a primary, secondary or rental residence, the advantages of a new property will always be an asset at the time of resale. In fact, new homes in Portugal often have an outdoor space, a balcony, a terrace, a garden, and even sometimes, a swimming pool or a sea view!
You can also invest in new properties in privileged areas of the country, such as near the sea, within a golf complex, in a historic center, in a big city, or in the countryside. The golden rule of real estate remains the same, whatever the country, you should always be sure to choose the right location!
Select real estate developments in Portugal in areas with high growth potential, such as the Lisbon region, Algarve or tourist cities such as Ericeira, Comporta, Cascais, or in neighborhoods with high growth potential in Lisbon or Porto. Location is the key to any real estate purchase!
When we talk about buying a new home, it doesn't necessarily mean that the property will be sold only off-plan or under construction. In fact, you can buy a new house that has already been built; The definition of a new home is that the property has never been previously occupied and that its construction was completed less than 5 years ago.
When you buy a new property, you are investing in a building built to the latest standards and the most advanced materials that are cheaper to maintain than an older house.
Choosing a new property therefore allows you to invest in a home that, in the long run, will cost you much less in maintenance.
If you're still hesitating between buying a new or old property, be sure to consider all the factors that could affect your budget.
New buildings meet strict energy standards and certifications, which will allow you to reduce your energy bill compared to an old house. This will increase the attractiveness of your property to a future tenant and you will be able to rent it out at a higher price. If you choose to live in the house, the energy costs will be much lower than in an older house.
The quality standards in force give you the guarantee that there will be no renovation works in the short or medium term, so you will benefit from lower charges than in an old building because no maintenance works will be necessary for several years... minus a headache.
A quality, energy-efficient home is also easier to sell!
Investing in a new home in Portugal is also a choice of tranquility!
When it comes to new real estate, the house is ready to move in as soon as it is delivered. There is no need to plan any changes. All you need to do is think about the furniture arrangement and décor!
To ensure sustainable real estate investment, new properties have legal guarantees that protect owners.
Reasons that justify buying a new house or a new apartment in Portugal.
In a real estate purchase project, it is advisable to project and anticipate until the resale of the property.
Compared to old properties, recent ones offer quality building materials, better equipment and services, such as an elevator, a garage, a wine cellar, a private parking space, better energy and acoustic comfort to ensure a better quality of life.
These factors add up to the optimised living comfort, in addition to the many other reasons to buy new properties.
All these features are highly sought after by future buyers and represent a high added value at the time of resale.