Many of us have had to put our buying in Portugal plans on hold for a few months. But for those who want to get residency before the Brexit door closes, or who just want to get there now, waiting until next year is just not an option!
Tourism in Portugal officially opens to EU countries from June 6th, with Madeira and Port Santos opening from July 1st. A number of UK airlines are set to be resuming flights in June and July, although there is still some confusion as to how that will happen.
Portugal’s foreign minister said he was hopeful an ‘air bridge’ between the UK and Portugal could be agreed by the end of June. Make sure to check the official British government on travelling to Portugal, which you will find at gov.uk.
If you’re ready to buy in Portugal, contact the Property Guides Resource Team to plan your next move. We can introduce you to a trusted estate agent or lawyer, or talk to you about currency. Call us on 020 7898 0549 or email [email protected].
Portugal’s property market is open for business.
The good news is that once you do get there, Portugal’s property market is open for business. The word on the ground is that the market is still robust due to high demand and has shown incredible resilience during this time.
Finally, Brexit. With the transition period not budging, you will need to be resident in Portugal by this autumn to ensure that all the paperwork is completed in time. Of course, if you’re just buying a holiday home you can safely forget all about Brexit anyway!
Whilst waiting on further news about travel to Portugal, there’s plenty you can do in the meantime.
Whilst waiting on further news about travel to Portugal, there’s plenty you can do in the meantime. Although travelling is difficult at the moment, it’s easy to make the first steps towards buying a property. You could start speaking to estate agents now to build a rapport with them and narrow down your options. Or, why not read the Property Buyer’s Guide to Currency to start planning your finances? That way, when the travel ban is lifted and the rush to buy property kicks in, you’ll be at the front of the queue.
