Buying a house in Leiria

The capital of the Silver Coast is full of opportunities. Discover the process of buying a house in Leiria.

Article by Viv Europe - Official Legal and Relocation partner to Kippertree.

October 27, 2023

While rental apartments are often a good option if you’re waiting to make a big payment, nothing beats the comfort and convenience of living in your own house. If you are considering buying a house in Leiria, this is your guide to get started! 

This city by the sea is one of these places with so much to offer for such a small geographical space. For instance, beautiful nature and landscapes, not to mention plenty of history about ancient Portugal. 

This city has so much to love; buying a house in Leiria will allow you to settle down quickly. That said, things can be confusing if you’re dealing with Portuguese bureaucracy, so let us help you during the process. Happy reading!

Why should I think about buying a house in Leiria?

Leiria is often described as the true Silver Coast for a reason. It is quite close to several beautiful beaches that both locals and expats frequently visit. The beaches within the city of Leiria are utterly special. They provide good coastal areas for many activities, including sports, concerts, and other cultural exercises. 

If you have a passion for history, there are numerous destinations where you can indulge your inquisitive nature. Consider exploring Leiria Castle, touring the various museums, or immersing yourself in the cultural displays found within the theatres!

This compact geographical area is brimming with rich historical experiences waiting for you to discover and appreciate firsthand. Beauty and history aside, here are other reasons why you should consider buying a house in Leiria.

Real estate is just kicking off

This charming location boasting numerous scenic views is situated in the midst of a real estate boom that you should consider being a part of. Property prices here remain rather appealing compared to other equally sought-after destinations in Portugal, such as Lisbon or the Algarve. Even for foreign nationals seeking to establish a second residence in Portugal.

Presently, substantial property development is taking place on the Silver Coast. This is a fact reflected in the annual increase in property prices. It’s worth noting that this development has been carefully planned, considering the preservation of the pristine beaches in the area.

As a result, the region is set to maintain its natural beauty, ensuring that real estate opportunities will remain attractive in the years to come.

Leiria is a good place to call home

Previously, Leiria has been flying below the radar regarding the popular destinations that expats love to call home. However, today, the narrative is slowly changing. According to data from Pordata, foreign presence within the city has significantly increased from 4.0% to 5.8%. This is a clear testament that expats are finally catching up. 

One of the major draws for expats to this part of Portugal is the cost of living. Imagine getting a chance to live close to the beach and enjoy all the modern conveniences but on a budget!

Plenty of good schools, reliable healthcare facilities, and a vibrant business environment exist. Keep in mind that the local residents are very welcoming, making it easy for anyone to integrate into the community quicker than it often takes. 

If you want to experience authentic Portuguese culture, there is no better place to get that from other than Leiria.

This destination is also quite popular for its authentic Portuguese cuisine. Seafood is a significant part of the local palette, reflecting their cultural and culinary heritage. Leiria is also quite popular for its authentic Portuguese cuisine.

Opportunities for a Digital Nomad Lifestyle

Leiria presents an enticing prospect for individuals looking to embrace the digital nomad lifestyle. In the past, digital nomads had to secure a passive income visa to legally work in Portugal.

However, the introduction of the Digital Nomad Visa has completely transformed the landscape, making it possible for digital nomads from around the world to reside in Portugal for up to a year. 

The great news is that digital nomads can avail themselves of the advantages of living and working in Portugal. Which includes a relatively affordable cost of living and the freedom to travel within the Schengen zone.

Within the town, you’ll find a variety of coworking spaces equipped with reliable internet and comfortable seating arrangements, providing an ideal environment for your work. These spaces also serve as excellent places to connect and engage with fellow newcomers to the city.

How to buy a house in Leiria

As in any region around the world, purchasing a property in Leiria is a significant step for those seeking to establish themselves in Portugal. It’s essential to conduct thorough research before making a hasty decision on any available property.

If you are familiar with the Portuguese public system, you can anticipate encountering certain delays and bureaucratic procedures throughout the process. You’ll encounter a substantial amount of paperwork designed to safeguard your interests and ensure the transaction’s legitimacy. 

We strongly advise enlisting the assistance of professionals who can guide you through the process with ease and expertise.

Can a foreigner buy a house in Portugal?

Foreign individuals interested in purchasing a property in Portugal are warmly welcome to do so! Despite the bureaucratic processes, no additional paperwork requirements or specific criteria are imposed on foreigners.

One essential document needed for both local and foreign property buyers in Leiria is the NIF Number, also known as the Número de Identificação Fiscal. This is a unique tax identification number obtainable from the nearest Finance office. It holds great importance, as many essential transactions depend on it.

The Portuguese government also provides incentives, such as the Non-Habitual Tax Regime, aimed at encouraging and facilitating foreign individuals. This regime primarily benefits those with passive income and highly skilled professionals.

Read Also: How To Buy A House In Portugal From Abroad? Step-By-Step Guide.

How can I buy a house in Leiria?

Although the process might appear lengthy, it is quite easy and straightforward. Discover below the steps you will need to go through when buying a house in Leiria.

Research and choose your investment

Leiria offers a wide array of choices, ranging from upscale villas to more relaxed apartments. Akin to any investment or business endeavour, thorough research is essential when selecting the type of property you desire. The region’s characteristics should guide your decision and, of course, your budget.

Property values can vary significantly from one area to another. So, it’s crucial to have a clear investment objective and seek a property that aligns with your needs. Especially as an expat planning to relocate and establish yourself in Portugal. 

Other than that, it’s wise to take into account other factors. Such as the property’s potential resale value, in case you find the need to sell it in the future.

To continue to explore buying in Leiria read the full article here.