With the rise of real estate investment in Portugal , the desire to know the secrets to making the most profitable deals is increasingly popular.
This increase in interest in Portuguese real estate investment is not only seen at a national level. Foreigners are increasingly captivated by properties in the urban centers of Porto and Lisbon, but they also consider other locations. Portugal is seen as a peaceful and favorable country for raising a family or having a holiday home .
This makes investing in Portuguese real estate a wise and intelligent choice. In this article, we give you 4 expert tips for a profitable real estate investment .
Use technology to enhance real estate investment
Convenience is something that human beings seek by nature. When properties have innovative technologies they stand out in the market.
Therefore, when you are researching properties to invest in, consider investing in luxury real estate and take into account the presence of automation and home automation systems such as the following:
- Home automation : Intelligent systems such as lighting control, security, air conditioning and energy management. All of this offers comfort and efficiency, increasing the interest in the residence.
- Connectivity : Infrastructures with broad internet coverage and that have fast and reliable connectivity.
- Sustainability : Technological elements such as solar panels, LED lighting and rainwater collection systems reduce long-term operating costs and increase the value of the property.
Suggested reading: Buying a house in Portugal: What most attracts investors?
Take into account the “invisible” costs of properties
The price of the property is not the only cost to take into account. In addition to the value of the residence, it is also necessary to consider the costs of:
- Multi-risk insurance;
- Municipal Property Tax (IMI);
- Municipal Tax on Onerous Transmissions (IMT);
- Interest rates and spread (in the case of taking out a mortgage loan);
- Maintenance, repairs or condominium.
It is important to include these expenses in your financial analysis to have a complete view of expenses and ensure the profitability of your real estate investment.
Discover real estate investment trends
To stay up to date with the most popular and profitable real estate investments, you need to do research . Through the internet you can analyze trends and discover which properties are most attractive at any given moment.
An extensive study of the market in which you want to invest is halfway to making a more intelligent and profitable real estate investment . Some specific factors to consider are:
- Location : Check the proximity to services, leisure areas and schools during your property search.
- Development potential: Find out about infrastructure development plans in the area where you plan to invest.
- Legal and regulatory aspects : It is also important to understand the laws and regulations relating to building restrictions and rental policies, for example.
These factors can have a direct impact on the profitability of a real estate investment. When investing in real estate it is necessary to be up to date on trends to adjust business strategies. Only in this way can profits be maximized and risks reduced.
Calculate risks and establish goals and deadlines
Before moving towards a real estate investment , it is important to establish clear goals and a deadline for the return of investment funds.
You must also carry out good risk management, evaluating market volatility and possible unforeseen events. To do this, take the following measures into account:
- Contingency strategy: Prepare to deal with possible setbacks or unexpected changes in market conditions. This strategy may include an adequate financial reserve, for example.
- Professional advice: Seek guidance from experienced real estate professionals . This support base can provide valuable insights , helping to assess risks and make decisions.
Remember that risk is always present in the real estate market . Those who carefully evaluate conditions before moving forward are closer to achieving success.
If real estate investment is of interest to you, discover the DS PRIVATE offer! We offer you a wide range of services in the luxury real estate sector. Visit the website and discover the properties available for your next investment.
