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Real Estate in Peniche, Portugal | Digital Nomad Exchange
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Real Estate in Peniche, Portugal

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By Betsy Burlingame

Last updated on Sep 03, 2024

Summary: The average cost of a nice 2 bedroom home in Peniche, Portugal is around €200,000, while a nice 3 bedroom home can cost around €250,000. These properties typically include modern amenities such as air conditioning, central heating, and a fully equipped kitchen. Some may also include a private garden or terrace. There are no restrictions on foreign ownership for properties in Peniche. Expats should search for a home to buy in Peniche by using online real estate portals such as Idealista or Imovirtual. The most desirable neighborhoods in Peniche include the historic center, the beachfront area, and the residential areas of Foz do Arelho and Baleal. These areas offer a variety of amenities, including restaurants, shops, and easy access to the beach.

How do I find a place to live in Peniche?

We asked expats how they chose their neighborhood and found a place to live. They answered:

"One option for finding a place to live in Peniche is to search online for rental listings. Websites such as Idealista, Imovirtual, and OLX are popular rental listing sites in Portugal. Additionally, you can search for rental listings on social media platforms such as Facebook and Instagram. You can also contact local real estate agents who specialize in rentals in the area. Finally, you can ask around in the local community for recommendations and advice on finding a place to live in Peniche," remarked one member in Peniche.

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AnchorLess provides services to help you settle into your new life in Portugal. you are guaranteed to have access to a convenient, quick and reliable service, with a team always ready to answer all of your questions about your new adventure.
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Click connect to have our partner contact you via e-mail and/or phone.

What is a typical expat home or apartment like in Peniche?

"Expat homes and apartments in Peniche are typically modern and comfortable. Many of the apartments are located in the city center, close to shops, restaurants, and other amenities. The apartments often have balconies with views of the ocean, and some have access to a communal pool. The homes and apartments are typically well-equipped with modern appliances and furnishings, and many have air conditioning. Expats in Peniche can also find homes and apartments in the surrounding countryside, offering a more rural lifestyle," remarked one foreigner who made the move to Peniche.

AnchorLess

AnchorLess provides services to help you settle into your new life in Portugal. you are guaranteed to have access to a convenient, quick and reliable service, with a team always ready to answer all of your questions about your new adventure.

Learn MoreConnect

Click connect to have our partner contact you via e-mail and/or phone.

AnchorLess

AnchorLess provides services to help you settle into your new life in Portugal. you are guaranteed to have access to a convenient, quick and reliable service, with a team always ready to answer all of your questions about your new adventure.

Learn MoreConnect

Click connect to have our partner contact you via e-mail and/or phone.

What is the average cost of housing in Peniche?

If you are thinking about moving to Peniche, cost of living in probably a key consideration. Expats commented about the cost of housing:

"The cost of housing in Peniche is generally quite reasonable. Prices for apartments and houses vary depending on the size and location, but the average cost for a two-bedroom apartment is around €500-€600 per month. Long-term rentals are also available, with prices ranging from €400-€800 per month," explained one expat living in Peniche, Portugal.

Should I buy or rent a home in Peniche?

If you have not spent a lot of time in Peniche, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:

"Buying a home in Peniche can be a great investment. The area is known for its beautiful beaches, stunning scenery, and vibrant culture. Renting a home in Peniche can also be a great option, as it allows you to experience the area without the commitment of buying a home. Ultimately, the decision to buy or rent a home in Peniche should be based on your individual needs and preferences," said one expat in Peniche.

What do I need to know when buying property in Peniche?

When we asked expats what advice they would give a foreigner before buying a property in Peniche, they said:

"1. It is important to research the local market and understand the current trends in the area before making a purchase. 2. It is important to understand the legal requirements for purchasing property in Portugal, including any taxes or fees that may be applicable. 3. It is important to have a clear understanding of the local infrastructure and amenities available in the area, such as public transportation, schools, and healthcare facilities. 4. It is important to have a clear understanding of the local climate and weather patterns, as this can affect the value of the property. 5. It is important to have a clear understanding of the local culture and customs, as this can affect the way you interact with the local community. 6. It is important to have a clear understanding of the local economy and job market, as this can affect the value of the property. 7. It is important to have a clear understanding of the local laws and regulations, as this can affect the way you use the property. 8. It is important to have a clear understanding of the local banking system, as this can affect the way you finance the purchase. 9. It is important to have a clear understanding of the local real estate market, as this can affect the value of the property. 10. It is important to have a clear understanding of the local rental market, as this can affect the value of the property," said one in Peniche.

Are foreigners allowed to own property in Peniche?

When we asked expats what advice they would give a foreigner before buying a property in Peniche, they said...

"Yes, foreigners are allowed to own property in Peniche. Non-residents of Portugal are able to purchase property in the country, however they must obtain a tax identification number from the Portuguese tax authorities in order to do so. Additionally, foreign buyers must also obtain a Portuguese bank account in order to complete the purchase," explained one person living in Peniche, Portugal.

What appliances are typically included in a rental?

We asked foreigners in Peniche what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included:

"Rental properties in Peniche typically include a refrigerator, stove, oven, washing machine, and dishwasher. Other common appliances may include a microwave, toaster, and coffee maker. Depending on the property, some may also include air conditioning, a television, and other electronic devices," said one foreigner living in Peniche, Portugal.

Additional Information about Searching for a Home in Peniche:

We asked foreigners in Peniche what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included...

"Expats can search for homes in Peniche by looking online for real estate listings, contacting local real estate agents, and searching for rental listings on websites such as Airbnb and HomeAway. Additionally, expats can look for housing opportunities through online expat forums and social media groups," said one person in Peniche.

About the Author

Betsy Burlingame Betsy Burlingame is one of the founders of Digital Nomad Exchange and the Founder and President of Expat Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange and Digital Nomad Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.

Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.

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SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
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Learn More

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