UK Property Co and Buying Abroad

UK Property Co and Buying Abroad

8:14 AM, 11th July 2024, About A week ago 19

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I am considering expanding the property portfolio in my UK based Limited Company.

I currently live in Portugal and rental properties are in high demand here.

Property prices are dropping slightly at the moment and I was wondering if it would be possible for my Limited Company to purchase a property in Portugal.

The company would need to have a mortgage in order to make any possible purchase.

Does anyone know if:

1. A UK based limited company can purchase property abroad?

2. Can a limited company borrow money to make the purchase?

Thanks

Louise


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Louise P

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11:28 AM, 11th July 2024, About A week ago

Reply to the comment left by Mark Alexander - Founder of Property118 at 11/07/2024 - 10:47
Does Edwina deal with Portuguese tax as well?

Contango

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12:36 PM, 11th July 2024, About A week ago

Reply to the comment left by Ryan Stevens at 11/07/2024 - 10:43
its worked out rather well for us in the USA. Timing is everything. When we started buying there were three million homes in various stages of foreclosure.

Mark Alexander - Founder of Property118

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12:42 PM, 11th July 2024, About A week ago

Reply to the comment left by Louise P at 11/07/2024 - 11:28
Edwina is not an Accountant but she did introduce me to a good one in Lagoa.

I live at Boa Vista so Luz is actually my nearest beach. We go there regularly. I have relatives staying with me until next Wednesday but I’m happy to meet up any evening next Thursday onwards as I’m ’home alone’ whilst my wife is visiting relatives until the end of this month.

Mark Alexander - Founder of Property118

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12:43 PM, 11th July 2024, About A week ago

Reply to the comment left by Louise P at 11/07/2024 - 11:28
PS - I think the idea of forming a subsidiary company in Portugal is well worth further investigation.

anthony altman

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21:00 PM, 11th July 2024, About A week ago

Hi Mark
You used to favour Malta I would be grateful to have your views on Malta versus Portugal in order to live there ,
I will be keeping a few properties in the UK twenty flats and six. student houses,7 ,8and 9 bed
But have already sold all the rest of the portfolio
Also in your opinion is rental property better in Portugal or Malta either long term or holiday/SA lets
Thank you in advance
tony altman

Mark Alexander - Founder of Property118

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21:16 PM, 11th July 2024, About A week ago

Reply to the comment left by anthony altman at 11/07/2024 - 21:00
The short version is that both are fantastic Countries but we fancied a change.

Rental yields are far better in Portugal but we have never invested here or in Malta.

anthony altman

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22:44 PM, 11th July 2024, About A week ago

Thank you for your response Mark much appreciated we were leaning towards Portugal , we have been looking at areas from Algarve to Arganil we quite like Coimbra

Mark Alexander - Founder of Property118

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23:16 PM, 11th July 2024, About A week ago

Also have a look at Tomar which was built by the Knights Templars after they got kicked out of Malta. That was also a serious contender for us and the prices are around half of the Algarve so you get a lot more property for your money.

We settled on Lagos because we have so many friends here and we wanted to be closer to the sea. We also fell in love with the beaches at Luz and Lagos. It’s also much cooler here in the evenings from the wind off the Atlantic.

anthony altman

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13:45 PM, 14th July 2024, About 6 days ago

Thanks Mark
I will have a look at Tomar

Regards
tony

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