It's an idea if there are actually Portuguese who want to live there. However, it would be cheaper to simplify the planning process and allow people to build new structures on the land rather than renovating ruins.
@thecryptostrategist2433 not only rural and in villages, these eyesores are also in cities bought up by government/corporations and they just stay eyesores .. problem and solution lies with the authorities in question imho
Definitely not for the faint-hearted... also, you have to be disciplined as it's easy to over capitalise... the thing to remember is that, it can be a lot cheaper than a mortgage in the long run... also, if you don't care about it looking perfect, you can end up in a perfectly serviceable house for under 20k...
You have done it your way and that works for you. I see how it can be cheap, but it wasn't a ruin in the true sense and if you wanted to modernize the property fully, it would not be economically viable. I think most people want to live in comfort in their retirement and that is what most expats tend to do in Portugal - retire.
I like watching people renovating ruins, but I wouldn’t dream of doing it myself, I bought an ultra modern house in a rural area 45 minutes outside Lisbon. The idea of living in squalor for years and grafting every day is not my idea of fun.
Depends from where. If it is from EU nations then I think it is. However, for specialist jobs like electricians, engineers etc those guys certaintly need Portuguese qualifications and registrations, so it would be restricted to general laborers.
Why are there so many videos similar to yours of foreign people that have moved to Portugal, talking other foreign people out of moving to Portugal? I don’t know your particular situation as I’ve never seen your content before so I am only guessing you fit in to the above category, please correct me if I’m wrong. It all seems a bit like ‘gatekeeping’ behaviour.
I never made this video about moving to Portugal generally. It is specifically about buying ruins here. Moving here to a nice, modern house or apartment is a much better idea. Be very aware of the pitfalls of ruins / dilapidated structures here in Portugal though.
Ruins will ruin your life. I love it. I would never touch a project like that.
There are plenty of people who will jump in though. It's amazing.
Great video with good information.
Thanks for the kind words.
I have an apartment in Porto from the early 2000's and getting people to come to do work is bad enough. I cannot imagine a ruin renovation.
Tell me about it. I mentioned in the video that getting workers to come is a nightmare.
Where do I sign up? Sounds like an invigorating experience! I pity those involved in these renovations.
It is definitely not for those without a lot of patience.
Let me know if you have any experiences with ruins in Portugal and if you think my assessment is correct or too harsh.....
These countries with loads of ruins should do their own renovations and give them to their own inhabitants under certain conditions imho
It's an idea if there are actually Portuguese who want to live there. However, it would be cheaper to simplify the planning process and allow people to build new structures on the land rather than renovating ruins.
@thecryptostrategist2433 not only rural and in villages, these eyesores are also in cities bought up by government/corporations and they just stay eyesores .. problem and solution lies with the authorities in question imho
Definitely not for the faint-hearted... also, you have to be disciplined as it's easy to over capitalise... the thing to remember is that, it can be a lot cheaper than a mortgage in the long run... also, if you don't care about it looking perfect, you can end up in a perfectly serviceable house for under 20k...
You have done it your way and that works for you. I see how it can be cheap, but it wasn't a ruin in the true sense and if you wanted to modernize the property fully, it would not be economically viable. I think most people want to live in comfort in their retirement and that is what most expats tend to do in Portugal - retire.
I like watching people renovating ruins, but I wouldn’t dream of doing it myself, I bought an ultra modern house in a rural area 45 minutes outside Lisbon. The idea of living in squalor for years and grafting every day is not my idea of fun.
I did pretty much exactly the same as you did and feel the same.
How about bringing my own workers from Eastern Europe? Is that allowed?
Depends from where. If it is from EU nations then I think it is. However, for specialist jobs like electricians, engineers etc those guys certaintly need Portuguese qualifications and registrations, so it would be restricted to general laborers.
Why are there so many videos similar to yours of foreign people that have moved to Portugal, talking other foreign people out of moving to Portugal?
I don’t know your particular situation as I’ve never seen your content before so I am only guessing you fit in to the above category, please correct me if I’m wrong. It all seems a bit like ‘gatekeeping’ behaviour.
I never made this video about moving to Portugal generally. It is specifically about buying ruins here. Moving here to a nice, modern house or apartment is a much better idea. Be very aware of the pitfalls of ruins / dilapidated structures here in Portugal though.