Move Portugal - web 2.0 real estate: How To Invest in Portugal

Silver Coast Investments
Plot and Construction or Self Build projects

This is an excellent way to buy a dream holiday home or an overseas investment property in the Silver Coast region of Portugal. This option of buying a piece of land and then designing and constructing a property will take more time and effort but not necessarily more money!

Things to know about buying a piece of land or a plot in Portugal

Urban Land - This is land that is qualified as either

A built up area
Land capable of development
Land required to maintain an ecological balance with in an urban area

Agricultural or Rural Land – This is land that cannot be built on unless the piece of land in question is with in the PDM urbanisation plan. Rural land is divided into categories

Forestry
Natural spaces
Cultural spaces

The PDM (Plano Director Municipal) - this is based on local development strategy as well as regional and national policy. It is a master plan for the district, and establishes the basic classification and qualification of land, construction densities in accordance with local infrastructures, present and future.

Land or Plot with Viability – This is urban land that has been given the permission to construct a property or properties with a designated amount of area for construction. This means that a project still has to be submitted to the local council by a licensed Portuguese architect and approved before any construction work can begin. The length of time for a project to be approved once it has been submitted by an architect is a minimum of 3 months.

Land or Plot with Project Approved – This is urban land with a project that has been submitted to the local council and has been approved. The approved project has to be built to the exact specification of the architectural plans. If changes are made to the plan then this will have to be re-approved by the local council.

Construction Licence – This licence is issued once a project has been approved.

Habitation Licence – This licence is issued when the construction is complete and the property has passed all the necessary inspections.

Financing Land – In Portugal the banks will only finance a plot or a piece of land once a project has been approved. In general the Portuguese banks will offer 80% of the total valuation of the plot and the cost of construction. This figure is then split normally to cover a 100% of the construction and up to 50% of the plot. For further information on financing please contact steve[at]portugalpropertyloans.com .

Some of the plots that are currently for sale with MovePortugal
LISTINGS:.