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Because there is more chance of making a lot of money. Also there is a big chance of losing your money. With Hindsight I would have invested in all sorts of what was perceived as 'risky' ventures which would mean that right now I'd be rich. The only way I'd ever invest in 'Dodgy' areas is if I...

Cyprus If property prices in Cyprus are not at an all time low then they never will be. Just don't have any funds in their banks. For obvious reasons!

My experience is that don't ask the question! As soon as you do the answer is nearly always no and then you may have raised a flag. There are numerous buildings, extensions etc totally illegally built in Portugal because of the stifling unreasonable bureaucracy. If it's just decking!! Anyway...

It's vert difficult in getting a mortgage in Portugal, especially if you are not a resident. I tried to increase mine sometime back and was told this. It was pretty easy getting one although it was at the start of the Banking Crisis. However the banks now really look into earnings and whether...

Thanks for a detailed explanation. Very informative. I'm also looking into 'splitting my land'. I'm fortunate to have an official annex with it's own tax number. I'm told very unusual in Portugal. I've asked my lawyer (last week) to look into it for me. We'll have to see. I know there used to be...

I was looking into putting a Log cabin on my land. I'm situated in the Albufeira area but was told that I would need planning permission. A friend of mine who was considering the same but in the Faro district told me he didn't. I'be of help is that m afraid sometimes it depends upon who you...

Update I've just seen a previous reply saying that Lawyers in Portugal are not always easy to deal with. In my experience over 30 years (having bought two properties) dealing with Portuguese lawyers is not a lot different than dealing with British ones. Most speak good English. Word of mouth...

I have a Mortgage in Portugal along with my wife. when we took it out we were told that although we had to have life insurance in need not be through the Bank. Great we thought. We had life insurance in England so we thought that would cover it. The Bank made it clear that the insurance from...