International Living Community

Hi @CARRIE2020

I have emailed you about the European Living Seminar. Hope this helps!

Millie, IL Community Moderator

Hi @CNUGENT1 Thanks for your question!

We’ve checked in with Glenda Cole, our expert in Portugal, to get an answer to your question. Here is her response,

First, that type of renting is called long let. When searching, enter "long lets in _____". Idealista.com is a great site for both buying and renting, but it can be difficult to find just a month or two there. If you have a general idea of what area you would like to explore, you can look for long let companies in that area. Typically, going local can save you money. For example, I rent my villa near the sea in the Algarve in July and August. You can find it on Air BnB, but you would save quite a bit by going through my local management company, Luz Villa Rentals.

Before I bought, I used to rent in the western Algarve for three months in the winters. I used two companies: Lagos Long Lets and Coolhouses Algarve. Both were good.

Hi Don, Thanks for your question!

We've checked in with Margaret Summerfield, Real Estate Trend Alert, to get an answer to your question. Here is her response,

The cost would depend on a number of factors – where the property is located, if the seller is tax resident in Spain, etc. The typical costs are:

1, real estate agent fees (vary from 3% to 10%)
2, capital gains tax – which can be up to 24% of the gain for a non-resident, non EU/EEA seller. Deductions are allowed, and the tax can be lower if the seller is tax resident/selling a primary residence/using the proceeds to buy a primary residence
3, plusvalia (like a municipal land tax) – this is based on the rise in value of the land the property sits on from the time of purchase to the time of sale - and is on a sliding scale based on how long the seller has owned the property. If say you have held it for up to 5 years, it’s around 3.7%
4, legal costs (around 1%)
5, You also need to pay for certificates (including an energy performance certificate), cancelling a mortgage if there is one, etc.

Sorry. Posted in the wrong place. For Mexico look into Guadalajara and Oaxaca.

I suggest you download Idealista and you easily draw a map of where you want to live and they notify you of all rental properties in that area. You will easily find an apartment in Caminha for between 600 and 800 Euros per month. Good Luck it's a great place to live