SUMMER IN THE NORTH 24 WHY PORTUGAL NOW
PORTUGAL ABEL GARRIDO + 351 96 848 90 AGarrido@nestseekers.com21 AMI 18708
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Famous for its food, wine and beautiful scenery, the north of Portugal is a unique and charming region for those who want to establish themselves in Portugal enjoying a true quality of life. With a wide range of properties, from modern to traditional apartments or villas, to old manor houses in large or small rural or city properties, the north of Portugal is home to about 3.6 million people, accounting to nearly 39% of the country’s population. Similar to other parts of Portugal, the northern region has beautiful cities like Porto and Braga that expats call home. What’s more, the north of Portugal is an important industrial zone in the country. A bulk of the employment in this industry is in manufacturing. Additionally, it’s worth mentioning that over 60% of employment in the northern region of Portugal is in the service industry. Discover through these pages of WHY PORTUGAL NOW a little of this unique region.
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NORTHERN
Picturesque, Porto is the most renowned city in northern Portugal, and its capital. With numerous heritage buildings, museums and wonderful restaurants. Situated on the banks of the Douro River, Porto has been shaped both by its maritime past as an important commercial port, as well as by the vineyards that surround it. Amble along meander streets to impressive cobblestone squares, enter some of the world's most impressive bookstores, or its wonderful Baroque churches, or also frequent its lively bars or restaurant by the street. The food in Porto is fantastic and so, too, is the wine. famous for the street markets or the colorful tiled houses, it is undoubtedly a first option to settle. The charming Douro Valley, its vineyard lined slopes. Options such as the Douro International Natural Park, where you a wine connoisseur can settle in the oldest region of demarcated wines in the world or a relaxed foodie in search of a quiet place for a relaxed life.. Along the slopes are fantastic properties, in classic or contemporary style, unique places to live in extraordinary way. Peneda-Gerês National Park, or simply Gerês, is Portugal’s first and only national park. The area covers more than 270 square miles up to the northern border. In addition to its rich fauna and flora, it is possible to find fantastic properties with stunning views of the mountain or the reservoir of the Caniçada Dam. A place just for a few.
•There are plenty of beautiful sceneries waiting to be explored
•The cost of living is low
•The promise of a quality of life for common folks
•This region is quite safe, just like most Portuguese cities
So it doesn’t come as a surprise why expats flock to the north of Portugal. Nonetheless, some of the major reasons why people choose this region in Portugal include the following:
LIVING IN NORTHERN PORTUGAL
It’s no news that living in Portugal has many advantages, such as a better quality of life and a significantly lower cost of living, just to mention a few.
4 BEDROOMS 5 BATHROOMS 204 m² / 2 195 sq ft EXTERIOR AREA 2 303 sq m PRICE € 1 650 000 / $ 1 603 000 PORTO Prémio Internacional Luxury Lifestyle Awards NY 2022
The Avenue, is the preeminent ultra boutique condominium in one of the most beautiful and exclusive neighborhood in Porto, perfectly located in Avenida dos Combatentes da Grande Guerra. The Avenue is a paradigm of contemporary urbanity, with warm organic gardens providing a good articulation of the building with the surroundings. The building is composed by 12 apartments, with typologies ranging from 2 to 4 bedrooms.
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Portugal’s most beautiful regions: Alto Minho, Viana do Castelo has been chosen as the best district to live in Portugal in 2021. With its beaches, the sea, rivers, mountains, and fertile plains, with its historical and neat cities, unique landscapes and gastronomy, it is an excellent place to live and study safely.
GUIMARÃES
THE
AVEIRO 80,880 inhabitants Better known as the Portuguese Venice, Aveiro has several rias – canals –which are ideal for moliceiro rides and for romantic walks over their many bridges. Aveiro has a special charm, it has a very beautiful coastline and, for those who like seafood, it is a must-go! Ah, not to mention the traditional ovos moles. Located less than 1h from Porto, the access is very easy, either by car or train.
VIANA DO CASTELO 88,725 locatedinhabitantsinoneof
BRAGA 193,333 FoundedinhabitantsintheIron Age, is one of the country's oldest and most fought over settlements, and is also the Peneda Gerêz park’s headquarters. Teeming with universities, ancient churches, beautifully manicured gardens and some excellent museums, Braga is a great place to live and explore if you're a history lover: the historic centre is walkable and jam-packed with Baroque townhouses, ornate Gothic churches and the remnants of Roman gates, while the wide public plazas are lined with lovely cafes and restaurants that are ideal for a bite to eat and spot of people watching
152.309 inhabitants Founded in the 9th century, is a city that's steeped in history. Its historic town centre is listed as a UNESCO World Heritage Site and is often referred to as the 'birthplace of Portuguese nationality’. The city is punctuated by magnificent architecture that always captures the imagination and the best places to stay in Guimaraes reflect the city's charming culture and heritage. This is also a university town with the vibrancy that comes with student life
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THE TOP CITIES
89 m² / 958 sq ft PRICE € 380.000 / $ 387 600 DOURO VALLEY
Casas Vivas is a boutique resort located in the heart of the Douro Valley. The pet friendly property also comprises a restaurant, a bar lounge, a pool bar, two terraces and a store. The lofts and the villa are sold fully furnished and equipped with the luxury standards of hospitality. A heated outdoor pool and children’s playing facilities are also available. The resort will open on the last trimester of 2023. The investment is eligible for the Golden Visa program.
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o 1. Affordable state healthcare o 2. Generous tax breaks o 3. Political stability o 4. Safer food o 5. Easy residency visa pathways o 6. Generous tax breaks o 7. Cash out cryptocurrency tax-free o 8. Five years to full EU citizenship o 9. Access the entire Schengen zone o 10. Diverse choice of destinations o 11. Tolerant and progressive 11 Reasons to Move to Portugal in 2022
The NHR grants preferential tax treatment for a period of 10 years to individuals (foreigners or citizens) who haven’t been taxed as a Portuguese tax resident during the preceding five years. You can apply for NHR status from the moment you register as a tax resident of Portugal. Benefits include tax exemptions from non Portuguese sourced income in most categories, including foreign dividends, salary, real estate income and capital gains on property.
NHR status also gives you a flat rate of 20% tax on most Portuguese-sourced income if it comes from one of the eligible professions. NHR is extremely beneficial for those moving to Portugal with EU citizenship as their end goal. The NHR timeline extends far beyond the citizenship timeline, allowing you to work towards Portuguese citizenship while still benefiting from preferential tax treatment.
2. GENEROUS TAX BREAKS
1. AFFORDABLE STATE HEALTHCARE Europe has long been known for its state healthcare, and Portugal’s no exception. When you move to Portugal and become a resident, you’ll be eligible to access good quality healthcare anywhere in the country – free or low cost (depending on the treatment).
All you need to do is get an SNS number to join the Portuguese healthcare system. If you still prefer to go private (to get faster treatment), then health insurance in Portugal is very affordable.
Let’s now look at what’s on offer in terms of tax benefits when moving to Portugal. Portugal isn’t a tax haven or even a low tax country. It uses a progressive income tax scheme with a top threshold of 48%. But one of the main attractions for foreigners who move to Portugal is the Non-Habitual Residency (NHR) tax scheme. This name is misleading, because it’s full-time tax residents of Portugal who typically use the NHR scheme.
13 BEDROOMS 16 LANDBATHROOMS270000m2 PRICE € 28 000.000 / $ 28 560.000 MARCO DE CANAVEZES
This historical estate has its origins back in the 10th century, and it’s older than the foundation of the Kingdom of ThisPortugal.oldMonastery
it’s in perfect condition and it was converted into one of the most exclusive private residences in the country. The Monastery, the several constructions in the property, the expansive plot, amazing views, direct river access (500 meters of private riverfront approximately), and natural beauty of the region grant this estate of an unparallel potential.
CANAVEZES
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SENHOR DA MOREIRCAMINHAPEDRAÓBeaches
When most people think of beaches in Portugal, the Algarve or Lisbon Coast spring to mind – but further north is a coastline laced with splendid beaches. From powdery swathes edged by sweeping dunes to rocky bays at the foot of wave-lashed cliffs, North Portugal beaches are some of the finest in the country.
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Best for activities: Canide Beach, Vila Nova de Gaia
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Beaches best of Dollar Beach House
Best for surf: Praia de Afife, near Viana do Castelo
Best for scenery: Praia de Moledo, Caminha Best for food: Praia do Cabedelo, Viana do Castelo
Best for families: Praia do Senhor da Pedra, Vila Nova de Gaia
Best for relaxation: Moreiró, Vila do Conde
The real estate brokers of Nest Seekers International ( you know them from Netflix´s, Million Dollar Beach House ) are again ready to show the and outs of listing high end homes the new Discovery+ series Sellingmtons.
Million
BRAGA 6 BEDROOMS 4 BATHROOMS LOT SIZE 1 500 sq m 480 m² / 5 166sq ft PRICE € 800.000 / $ 816.000
Initially built in the Viana do Castelo region, this house would be transported stone by stone to the city of Braga, about 60km away. Old family home, with its displacement and reconstruction was possible to transform it into a city house and give it all the characteristics of a modern construction. It develops about four floors, having in the basement a large garage, where it is possible to park 3 cars, and offers large storage areas.
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Built in 1890, it transported presidents, heads of state, kings and popes for more than a century. It is a time capsule in which we travel through history, with a special aroma and purposeful music. When you get on board your luxurious carriages you will feel like royalty. Rescued from the past, he is again on the move and the great protagonist of this unforgettable journey. Secrets of Portugal brings this incredible walk down the track of memory history.
THE PRESIDENTIAL TRAIN
The presidential train is a true luxury experience in Portugal and was born from this premise of finding talents, nooks and products worthy of such an extraordinary and magical journey.
Nest Seekers Portugal partnered with Portugal Top Cars to offer its clients the ultimate Luxury Cars Rental Experience
Nest Seekers Portugal clients' will have unique and exclusive advantages and bespoke service including the delivery and collection of any car at any location in Europe
Nest Seekers Portugal clients can now drive a Bentley, a Lamborghini, a Ferrari, or another luxury car while visiting the most exclusive properties in Portugal represented by Nest Seekers Get in touch for more info portugal@nestseekers.com
Approved project for 16 Villlas Plot Area: 34.628 sq m 372 732 sq ft PRICE € 2 250.000 / $ 2 295 000 VIANA DO CASTELO
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CASTELO
The property is an ancient Farm, formerly a wine producer, located very close and overlapping the Village Center. With panoramic views over the Minho River and the surrounding mountains, provides easy access to the Center. Surrounded by granite walls with up to 8 meters high, the property develops natural panoramic terraces. Plot with approved project for the construction of 16 Villas
Real estate tax in Portugal: What will you have to pay for your house?
Stamp duty If you are going to buy a house in Portugal, there are more real estate taxes in Portugal. One of them is the stamp duty. This tax is based on the amount stated on the deed. The buyer must pay a transaction tax of 0.8% at the signing of the deed.
If you resorted to a bank loan to pay for the house you will also have to pay stamp duty of 0.6% on the amount of loans payable in over 5 years, or 0.5% of the total amount of the loan if payable in under 5 years.
Municipal Tax on Onerous Real Estate Transactions (IMT)
Property tax
Lisbon charged the minimum 0.3% rate in 2021. Further North, Porto opted for a 0.324% minimum rate, and in Braga the IMI rate varies between 0.3% and 0.375%, depending on which council you are in. Further south, in the Algarve, the highest rate is levied by the council of Vila Real de Santo António, with 0.5%.
IMT is due to the state whenever a house is bought. This is calculated based either on the value of the property for tax purposes, or the amount, which is declared at the time of the purchase, depending on which is higher.
Besides the taxes you pay at the time of the purchase, there is a tax you will have to pay every year for as long as you own the property, which is the municipal property tax (IMI). The IMI rates are set annually by the council where the real estate is located. In cases of urban buildings, the rate can vary between 0.3 and 0.45%. The rate can climb to 0.5% in the case of municipalities which are included in the local economy support programme, whereas with rustic buildings the rate is 0.8%.
6 ROOMS 4 BEDROOMS 5 BATHROOMS LOT SIZE 6 138.65 sq ft 267 m² / 2 876 sq ft PRICE € 2 050 000 / $ 2 111 500 PORTO
The result is a beautiful centenary palace adapted to a contemporary lifestyle, with unique features, such as acoustic and thermal insulation, air conditioned and air renewal, underground parking for eight cars, the lift, two heated swimming pools, fully equipped kitchens, etc.
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The project chooses to recover and reuse most of the building’s original materials, such as the stuccos, frames, doors, jambs, wainscots, fireplaces, footers and floors, combining them with state of the art materials and equipment, following the most demanding comfort and safety standards.
CRAZY RICH AGENTS UK Plum Pictures announces Crazy Rich Agents (wt) in production for BBC Two With exclusive access to Nest Seekers International, one of the world’s fastest growing elite real estate companies, we follow seven rookie estate agents over the course of the summer as they put everything on the line to sell some of the most impressive and exclusive properties in the UK. The vine has been growth here since River throughout their long occupation Kingdom of Portugal in the 12th century, not until the mid 17th century, than The Treaty of Windsor, signed by England great classic wine and the transformation wine regions. Two decades later a blockade of retaliate by prohibiting the import opportunity. One by one, they moved established their 'lodges', or warehouses, In 1756, the first minister of Portugal, imposed a state monopoly over the reforms effectively established Port The appreciation of Port began to extend as Russia, Germany, Holland, Scandinavia magnificent wines of the Douro Valley In 1933 the Port Wine Institute, was sale of port and a complex and sophisticated quantity and quality of their production The first years of the 21st century have both economic and environmental, preserve the unique heritage and environment
since antiquity and the Romans made wine on the hilly banks of the Douro occupation of the Iberian Peninsula. Later, following the establishment of the century, the country became an important exporter of wine. However, it was the Douro Valley became the source of what we know today as Port. England and Portugal in 1386, sowed the seeds for the emergence of this transformation of the Douro Valley into one of the most renowned of the world's the shipment of English goods to France, caused the English King to of French wine. The British merchants at Viana do Castelo seized the moved from Viana and established their businesses in the city of Oporto and warehouses, in Vila Nova de Gaia, opposite the old city centre of Oporto. Portugal, Marquis of Pombal, introduced a series of draconian reforms. He the sale of Port and its shipment to England and Brazil.These visionary as the world's first appellation d'origine contrôlée. extend beyond its traditional markets of Britain and Brazil. Countries such Scandinavia and the United States also began to take an interest in the Valley. was created by the Portuguese Government to regulate the production and sophisticated method of classifying the Port vineyards and controlling the production was introduced. have witnessed continuing investment in the vineyard, with sustainability, environmental, becoming an increasingly important priority as producers seek to environment of the Douro Valley for future generations.
THE HISTORY OF DOURO WINES
4 BEDROOMS 4 LotBATHROOMS19784sqft 211 m² / 2 271,00 sq ft PRICE € 500.000 / $ 510.000 PORTO
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The COVELO FLATS condominium is located on a plot of 450 m2. The project of a building, with 5 floors and setback, which includes 12 apartments (1 T0, 1 T1, 2 T2, 6 T3, 1 T3 Duplex and 1 T4 Duplex). On the ground floor, the building has a common atrium that gives access to the elevator, the stairs leading to the other floors, the garage and the three apartments on this floor. The garage has 10 parking spaces (one per T2 or higher apartment), equipped with plugs for charging electric vehicles, with vehicle access via lift trucks.
WE ARE EVERYWHERE WE ARE GLOBAL AGENTS WATCH THE VIDEO HERE GASTRONOMIC CURIOSITIES
Porto and Northern Portugal, where the founding of the country was begun, are known for the honest and genuine character of their people and their tradition of hospitality. Among its attributes is a rich cuisine, accompanied by the region’s excellent wines. thanks to the fertile green fields of the region. In the west, bounded by the sea, the freshness and quality of the fish has a prominent place, as in all Portuguese cuisine, which prides itself in having the best fish in the world These are some of the reasons why northern Portugal is mandatory for a foodie.
Maybe one of the most characteristic and delicious dishes of the Northern Cuisine “Posta à Mirandesa” is a main dish that consists in a grilled beefsteak, usually with three centimetres, and served medium-rare. The steak has the strong garlic flavour, the salt and the pepper. Usually served with potatoes and olive oil, Mirandela (Trás-os-Montes)
"Alheira de Mirandela" is one of the Seven Food Wonders of Portugal. It is a smoked poultry sausage with pork fat, wheat bread, and olive oil seasoned with salt, garlic and sweet and/or spicy paprika.
Porto Eat like a local means that you have to try “Tripas à Moda do Porto” (literally “tripes”) It’s a dish full of History and legends It’s said that Prince Henry, The Navigator, asked for food to the habitants of Porto so he could go on an expedition to Ceuta. The friendly people from this land answered with all of their food and only the “tripes” remain for them to eat. And then this new dish was born and stay on until this very day. Today the “tripes” are eaten with other meats, beans and cured sausages.
Douro Valley Travel to Portugal means: “Cozido à Portuguesa” is mandatory. This main dish is a boiled dinner considered very popular among Portuguese people. It’s prepared with a mix of vegetables as carrots, potatoes, beans, cabbages and a mix of meats: pork (ribs, ears and bacon), poultry and beef. And smoked sausages, as blood sausage, “chourizo”, and “farinheira”.Basically all the Portuguese flavours in one very complex dish. Also, it is the perfect main dish if you want to try a delicious wine Braga When in Braga, “Bacalhau à Braga”, is a traditional dish of codfish. Cod is a wellknown friend of the Portuguese people and every region has its own way to cook it. However, the Northern Portugal is famous for its strong flavours. The delicious sauce with sweet onions, laurel and chili pepper will be an explosion of flavours on your mouth. Bragança (Trás-os-Montes)
Abel Garrido is Area Manager for Lisbon of which are part of the most elegant and desired residential areas of the Portuguese Capital and its Region. From the Historic neighborhoods of Chiado, Lapa or Santos, from the Capital Of Lisbon, to the world known areas of Cascais, Estoril or Sintra, passing through so many other areas where living is something very special in Portugal.
Abel Garrido began his career in the Real Estate Market in 2006, standing out for his careful, warm and rigorous service. With it, it is possible to make the best sale deal or the best acquisition. He is always ready to satisfy your dream and need in Real Estate, being trust, efficiency and care in the details, the key words of his Theperformance.Markting and Advertising he use are high-profile, enabling you to get the perfect transaction for the right Withamount.Abel you can communicate in English, French, Portuguese, Spanish or Italian, making dialogue and all communication easier.
Passionate about travel, different cultures and gastronomy, he is known for his culinary skills, and for the pleasure he has in welcoming friends. Sun, and beach are other passions of is life. (351) 96 848 90 AGarrido@nestseekers.com21 https://www.nestseekers.com/agent/abel garrido https://www.linkedin.com/in/abel https://www.facebook.com/abel.garrido.3garridohttps://www.nestseekers.com
With a whole career associated with the Luxury markets, he has a background as Interiors Architect and Interior Designer, having developed his activity in various places in Switzerland and In Paris where he lived. These capabilities allow a special look at any properties and their commercial or estectic potential.
