Insurance tops list of items forgotten by overseas second home buyers

Insurance tops list of items forgotten by overseas second home buyers

  • Ideal Homes Portugal partners with Abbeygate to ensure home insurance is not forgotten
  • Portugal prices set to rise 2% in coming year (RICS)
  • Free home insurance for next 10 Ideal Homes Portugal customers (Abbeygate)

Insurance tops the list of items forgotten by those buying second homes overseas, boutique real estate agency Ideal Homes Portugal, has revealed. Founding Director Chris White explains,

“Buying a property overseas is a wonderful venture, but is also a process with a lot to remember. Dealing with a foreign country’s paperwork can seem daunting and there are exchange rates and language barriers to throw into the mix as well. It’s an exciting process, but our experience has shown that buyers often forget things that they would undertake as standard in the UK. Purchasing insurance is top of that list.”

Ideal Homes Portugal is keen to make the purchase process as smooth as possible and so has a team of experts on hand to ensure that home buyers have all they need, from guided inspection trips to English-speaking solicitors.

Now, the company has announced a new partnership with Abbeygate Insurance, designed to ensure that buyers have easy access to a respected local insurance company able to provide everything from buildings insurance to holiday home cover.

Peter Sheppard, Director of Abbeygate, comments,

“We are delighted to be working with Ideal Homes Portugal in order that their clients can benefit from our fantastic insurance services and competitive rates. Abbeygate provides peace of mind to those purchasing property in Portugal and we specialize in helping customers from overseas. We have English speaking staff and a newly opened office in Boliqueime in the Algarve.”

To celebrate the partnership, Abbeygate is offering free insurance for one year to the next ten Ideal Homes Portugal customers.

Ideal Homes Portugal offers properties across the length and breadth of the Algarve. They include everything from holiday villas in the popular resort of Monte Gordo in the east, with its huge, golden beach and plentiful restaurants, to commercial opportunities like this lovely ‘home and income’ tourism business in the western town of Aljezur, with its historic hilltop fort. The agency also lists a select number of properties from other popular areas of Portugal, such as the ancient capital city of Lisbon.

The Portuguese property market is enjoying a sustained comeback, with new buyer enquiries increasing every month since August 2013, according to the latest RICS/Ci market report. Prices are projected to rise by 2% over the year ahead, leading many buyers to look at the holiday paradise of the Algarve for their dream second home.

“Portugal is a wonderful place to own property, whether for holidays or as a more permanent residence,” remarks Chris White. “It’s got everything you could wish for – glorious weather, a low cost of living, fabulous beaches and a whole host of cultural and historic attractions. Just remember not to be so wowed by the area that you forget to buy your home insurance!”

For further details call Ideal Homes Portugal on 0800 133 7644 or +351 289 513 434, email or visit