Buying property in the Azores offers a unique chance to own a piece of Portugal’s stunning island paradise. Known for its peaceful surroundings and natural beauty, the Azores attracts buyers looking for a relaxed lifestyle. This guide covers everything you need to know about buying property in the Azores.
You will find details on property prices, the best islands for investment, and financing options for foreign buyers. We also explain the required documents and provide a step-by-step guide for buying a house in the Azores.
Where is the Azores, Portugal?
The Azores, located in the Atlantic Ocean, are a group of nine Portuguese islands known for their natural beauty and calm atmosphere. This remote destination sits about 1,500 kilometers west of mainland Portugal.
The Azores offer a unique blend of green landscapes, volcanic peaks, and peaceful ocean views. People interested in buying property in the Azores often fall in love with the region’s mild climate, which provides cool winters and warm summers. This makes the islands a great location for those seeking a calm and relaxing place to call home.
Each island has its charm and appeal, making it an interesting choice for buyers. Faial Island is famous for the Capelinhos Volcano, where the last major eruption in the Azores happened between 1957 and 1958. The Azores also gained international attention as the Best Adventure Destination in Europe in 2024, according to the World Travel Awards.
Many people buying property in Azores seek a peaceful lifestyle while enjoying outdoor activities like hiking and whale watching. It has a growing community of expatriates from various countries like Brazil, Germany, America, Italy, France, etc. Azores real estate provides a perfect setting for buyers looking to own a seaside property.
Why Buy Property in the Azores, Portugal?
Buying property in the Azores offers a unique chance to enjoy beautiful surroundings and a relaxed lifestyle. The Azores attract both locals and foreign buyers who appreciate the natural charm of these islands.
With lush greenery, volcanic peaks, and ocean views, the Azores provide an ideal setting for those seeking peace and natural beauty. Many people choose the Azores for the mild climate, which stays pleasant throughout the year.
Property in the Azores often includes homes with views of the sea and surrounding hills, adding to the appeal of these islands. Buying a house in the Azores also means enjoying a slower pace of life, away from busy cities and crowded areas.
The islands encourage an active lifestyle, with opportunities for hiking, whale watching, and exploring unique volcanic sites.
Azores real estate remains affordable compared to other European destinations, making it accessible to more buyers. People find the Azores a welcoming place with a friendly community and a mix of residents from different backgrounds.
Buying property in the Azores lets you live in a place that values nature and simplicity. Many buyers see the Azores as a perfect retreat, combining the best of nature and comfort in a peaceful environment.
Living on Azores Island: What It's Like for an Expat
Living in the Azores as an expat offers a peaceful and friendly lifestyle surrounded by natural beauty. Many expats enjoy the calm pace of life and the close-knit community that welcomes newcomers.
Buying property in Azores lets people experience daily life on these scenic islands with green landscapes and ocean views. Expats in the Azores enjoy a mix of traditional Portuguese culture and a simple, relaxed way of life that differs from city living.
Daily life in the Azores provides easy access to local amenities. The islands have essential services like shops, banks, and restaurants, making life comfortable. Healthcare is also accessible and reliable, with Portugal’s healthcare system ranking 21st globally according to Numbeo’s 2024 Healthcare Index.
For families, the public education system ranks 27th globally, providing quality schooling for children. Many expats start small businesses, work remotely, or retire on the islands, enjoying a comfortable life with lower living costs than other European countries. Job opportunities exist through local job boards like IEFP which provides resources for finding work in the Azores.
Buying a house in Azores provides a unique opportunity for those seeking a fresh start in a peaceful setting. Azores real estate remains affordable, making it easier for expats to settle in and become part of the local community.
With its simple lifestyle and warm community, the Azores offer an ideal setting for expats looking for a safe and relaxed place to live.
Property for Sale Azores Portugal: Property Prices
Property prices in the Azores remain affordable compared to other parts of Portugal, making it an attractive option for those interested in buying property in Azores. Each island offers different prices, giving buyers a range of options based on their budget.
For example, on Faial Island, the average asking price is €1,263 per square meter, which is one of the more affordable choices. Pico Island and São Jorge Island both average around €1,441 per square meter, providing value for buyers looking for a quiet island life.
Santa Maria Island presents an option with a slightly higher price at €1,423 per square meter. Terceira Island follows closely with an average of €1,401 per square meter.
São Miguel Island, being the largest and most developed, has the highest prices, averaging €1,843 per square meter. This diversity allows buyers to choose an island that fits their financial goals and lifestyle needs.
Here is a table with all the property prices.
Where to Buy Property in the Azores
When buying property in the Azores, each island offers a unique lifestyle and setting. São Miguel, the largest island, provides a mix of city and island life with many amenities and services. Ponta Delgada, the capital, is on São Miguel and serves as the main hub for transport, healthcare, and shopping. São Miguel’s natural beauty, with its volcanic lakes and hot springs, attracts those looking for a lively yet scenic location.
Terceira Island combines rich history and a peaceful lifestyle. Angra do Heroísmo, a UNESCO World Heritage site, is located here and gives a glimpse into Portuguese culture with its historic architecture. Terceira provides property buyers with a blend of cultural sites and a laid-back lifestyle, making it an attractive option for those wanting a quieter life with charm.
For a more rural experience, Pico Island attracts buyers with its beautiful landscapes and vineyards. Many people choose Pico for its tranquil environment and stunning views of Mount Pico, Portugal’s highest peak. Faial Island also offers a peaceful setting, especially in the town of Horta, a popular stop for sailors and those interested in the island’s relaxed atmosphere.
Each island has its unique character, so buyers should consider their lifestyle and preferences. People interested in Azores real estate will find affordable prices and a range of property types.
Buying a house in Azores allows you to enjoy a quiet life with nature close by. With each island offering distinct experiences, buying property in Azores provides many choices that suit different needs and budgets.
How to Finance Your Azores Property
Financing options make buying property in the Azores accessible for foreign buyers. Many Portuguese banks offer mortgage plans for non-residents, allowing buyers to purchase property even if they live abroad.
Banks provide options that cover up to 80% of the property’s value, which is helpful for people looking to invest in property in Azores. This financing plan enables buyers to pay a smaller amount upfront, making the process easier and affordable.
When applying for a mortgage in Portugal, the Bank of Portugal has specific guidelines for loan approvals to promote careful lending practices. Non-residents can receive a Loan-to-Value (LTV) ratio of up to 80%, which means the bank can fund up to 80% of the purchase or appraisal value. For primary residences, the LTV can go up to 90% if the buyer is a resident. This measure ensures that loans remain manageable for borrowers.
Portugal also applies a Debt Service-to-Income (DSTI) ratio of 50%, which limits monthly loan payments to half of the borrower’s income. This guideline helps ensure buyers can comfortably afford their mortgage. Additionally, the loan term is capped at 35 years for borrowers over 35 years old, setting a reasonable period for repayments.
With proper guidance, buying a house in Azores becomes a smooth experience. Azores real estate offers a mix of affordability and unique island living, and financing options make this dream achievable for many buyers.
Documents Required for Buying Property in the Azores
To buy property in the Azores, you need a Portuguese Tax Identification Number (NIF). You can obtain this from a local tax office or through a representative if you are not in Portugal.
- Proof of identity
- A Portuguese bank account
- A property registration certificate confirms the legal status of the property.
- Proof of financial capability may be required by banks or agents.
- A promissory contract secures the property during the buying process.
- The purchase agreement
- A notary is needed to finalize property documents in Portugal.
A Step-by-Step Guide to Buying Property in the Azores, Portugal
Buying property in the Azores follows a straightforward process that helps buyers secure their ideal island home.
Start by searching for property for sale in Azores through online listings or local agents. After finding a property, check the legal status by obtaining a property registration certificate. This document confirms ownership and any outstanding debts on the property.
Next, negotiate the price with the seller and draft a promissory contract. This contract sets out the agreed terms and often requires a deposit to hold the property. Legal support during this step protects buyers from unexpected issues and clarifies the agreement between both parties.
Once both parties sign the promissory contract, prepare the final purchase contract. This document formalizes the sale and requires a notary to verify the transaction. Finally, complete the payment and transfer ownership to secure the property.
Buying a house in Azores can be smooth with the right support. Experienced agents and legal advisors make each stage clear and safe. Azores real estate provides a range of choices for buyers, from coastal homes to village properties. Following each step carefully ensures a secure investment in buying property in Azores.
Visa & Immigration Options to Portugal
Non-EU buyers interested in moving to Portugal have several visa options. Although buying property in the Azores does not qualify for the Golden Visa, other visas make it possible for foreign property owners to live in Portugal.
The D7 Visa, also called the passive income visa, works well for retirees or those with stable income sources. This visa allows non-EU citizens to live in Portugal if they can show proof of regular income.
The D2 Visa is another option for entrepreneurs. Buyers planning to start a business in Portugal or invest in a local venture can apply for this visa. The D2 Visa supports economic activity, making it ideal for business owners who want to live and work in the Azores.
When buying property in the Azores, residency requirements depend on the visa type. With a valid visa, buyers can gain temporary residency and stay in Portugal for extended periods. However, each visa has specific rules on income, investment, and duration of stay. Working with an immigration lawyer can help buyers meet all conditions.
For those buying a house in Azores and planning to settle long-term, Portugal’s residency program offers a path to permanent residency after five years. With permanent residency, buyers enjoy access to healthcare, education, and other benefits in Portugal.
Azores real estate continues to attract non-EU buyers seeking a peaceful lifestyle. Property for sale in Azores provides affordable options and a chance to experience life on beautiful islands. With the right visa, non-EU property owners can enjoy a smooth transition to living in the Azores.
Your Property Buyer’s Agent
At Portugal Residency Advisors®, we make buying property in the Azores simple and secure. We handle every step, from property search to final paperwork, so you enjoy a smooth process.
Working with us brings peace of mind, especially if you’re unfamiliar with the Azores real estate market and its unique requirements. We provide expert support, helping you find the best options, whether you’re seeking a quiet retreat or a more lively island setting.
Here’s why choosing Portugal Residency Advisors is the right decision:
- We understand the Azores market deeply, allowing us to find options that truly match your needs.
- We guide you through each stage with clear communication and reliable support.
- We manage all legal checks and document preparation, ensuring you avoid common issues.
- With our strong connections to local banks, we help you secure financing options that fit your budget.
- We prioritize your satisfaction, finding properties that align with your lifestyle and financial goals.
Frequently Asked Questions About Buying Property in Azores
What makes buying property in Azores a good choice?
Buying property in Azores offers a relaxed lifestyle surrounded by nature and ocean views. The region provides affordable options for buyers compared to other parts of Portugal.
Can non-residents buy property in Azores?
Yes, non-residents can buy property for sale in Azores. Portugal allows foreigners to purchase property with few restrictions, making it accessible for international buyers.
How does buying property in Azores differ from mainland Portugal?
Buying property in Azores is similar to mainland Portugal in terms of legal steps and taxes, but Azores real estate is generally more affordable and offers a peaceful island setting.
Pergunta Are there financing options for buying a house in Azores?
Yes, local banks offer financing options for buying property in Azores. Many non-residents can access mortgages covering up to 80% of the property value.
What types of properties are available in Azores real estate?
Azores real estate includes villas, traditional houses, and modern apartments, giving buyers a variety of choices to match their preferences and budgets.
What documents are needed for buying property in Azores?
Documents needed for buying property in Azores include a Portuguese tax number, proof of identity, a local bank account, and legal documents related to the property.
How can a property buyer’s agent help with buying a house in Azores?
A property buyer’s agent helps with property searches, legal checks, and negotiation. Working with an agent makes the buying process smoother and safer.
Is it possible to rent out a house in Azores?
Yes, renting out a house in Azores is possible and can generate rental income, especially during tourist seasons when demand is high.
What additional costs should I consider when buying property in Azores?
Additional costs when buying property in Azores include property taxes, notary fees, and legal fees, which buyers should budget for beyond the purchase price.
What should I know about Azores real estate trends?
Azores real estate trends show a steady interest in island properties due to the region’s affordability and growing popularity among those seeking a peaceful lifestyle.
