The lending landscape in Portugal is very similar to the Spanish mortgage market; whereby it was hit hard by the financial crisis in 2008 and since then domestic banks have tightened their lending appetite for foreign investors.
Key considerations for purchasing property in Portugal
- Golden Visa Scheme
- Government initiatives supporting foreign direct investment – technology sector and new start-ups.
- Relatively low price per m2 compared to other major European cities
Retail banks provide attractive dry lending solutions for non residents with straight forward ‘vanilla’ profiles up to 60%-70% loan to valuation.
A growing amount of private banks have started to provide high value mortgage solutions in major cities for opportunities around 1,500,000 EUR.
The private bank will finance 100% of the acquisition price (or valuation – the lower) and requests between 35% to 40% of assets to be placed with the lender for the duration of the loan facility.
Fortier provides a streamlined approach to the best domestic and international lenders for every situation above 1,000,000 EUR.
If your request fits the above (or similar), we can provide valuable banking connections to support your project(s).
Important notice: certain regulations might restrict us from directly brokering a solution, and we will work closely with a trusted partner at no extra cost to client.