PRICES OF ABANDONED PROPERTIES PORTO

[@ce1581]

I love the young ladies belief to keep the old looks of the city instead of new modern replacement. ❣️❣️❣️

[@MyPortugalDream]

True! She is a very smart young lady 🤍

[@ffss53]

Since I visited Porto in 2015 I noticed this phenomena, abundant properties all over Portugal. I have noticed that Portugueses have emotional connection to their properties and they don't want to sell them especially older generations... others left Portugal and immigrated to other countries and don't care about these abundant houses. Some houses have multiple heirs and if one of them doesn't want to sell then the property stays as is without inhabitants... Unfortunately, it is sad story and nothing can be done..Hoping you are enjoying your time in Portugal. Até logo😘

[@MyPortugalDream]

Yes my friend you are right once again and it is very sad to see that... Thank you, see you soon 😘

[@Nagolobo2023]

That’s right. Portuguese people have emotional connection to their old houses. When we were looking for land to build our house back in 2019 we visited a very nice rural property and the owner was inclined to sell, but there was a condition: we could never demolish the house on the property that had been built over 100 years ago for his great grandparents. He said he had been born there and it would break his heart to see that house demolished, although it was in poor condition anyway. At first I thought I had misunderstood him, such an unusual request. Needless to say we didn’t accept the condition and he didn’t sell. 🤷🏽‍♀️

[@Nagolobo2023]

This happens all over Portugal, there are abandoned houses, most in ruins all over the place, specially little villages spread along the mountains. The local newspaper in Vouzela ( central Portugal) recently launched a campaign to raise awareness about the issue and incentive people to sell or rent these properties, since there’s a shortage of available housing for all the immigrants that keep arriving in the country. Some people have to travel over 100 Km each way, everyday, to work since they can’t find houses near their jobs. So it’s a serious problem and there’s no solution in sight 😢

[@MyPortugalDream]

Hi Silvia, this situation is very sad indeed 😢 I do know the situation in rural Portugal, when I was searching for a house I was a bit shocked by the amount of ruins in every village... the thing is that big and famous cities like Porto are less expected. I wish that someone will come up with a goog solution firstly and mainly for the local 🙏🏻

[@clydemeyer867]

I'm inspired by the video editing skills of this dude, this travel vids are very creative and your story-telling is engaging - well done 👌 good luck with your future property adventures !

[@MyPortugalDream]

Wow thank you so much 🙏🏻😊 you made my day 🤍

[@resistor--1816]

Welcome back!

[@MyPortugalDream]

My dear friend 🙏🏻❤️ Thank you 😊

[@luisagarcia3961]

Que pena ❤

[@MyPortugalDream]

We hope things will get better in the housing market of Portugal ✨🙏🏼✨

[@davidfrost-ue1lx]

Thank you thank you your the best, forget the rest!

[@MyPortugalDream]

Wow David thank you so much 😊😊🙏🏻

[@flibbertygibbette]

It's a problem in big cities everywhere, real estate developers and big time multi-property owners buying up properties only to leave them abandoned and empty, in order to artificially inflate prices throughout the city so they can demand higher prices. It is more lucrative for them to have abandoned properties and then drive up rents and sale prices than to have all properties occupied and maintained. It should be illegal, really.

[@MyPortugalDream]

You are very right my friend!

[@maniakid]

It did became illegal in Germany not so long ago. Companies are not able to buy properties that are intended for housing anymore. The Germans tried different methods, none worked, now we will see whats up with this one. On another hand, I believe gov and state have to proactively invest in other options, like construction.

We are very happy to see you again 👏👏👏

[@MyPortugalDream]

Thank you my dear brothers 😎🍻

[@andreachadwick3791]

Always a pleasure to watch yourvideos. ❤ You are very informative and lovely to watch ♥️😘

[@MyPortugalDream]

Thank you Andrea ❤️🤗✨

[@carolchisholm433]

Not sure what the answer is but perhaps the local government could provide some grants towards reconstruction for their citizens with the stipulation that they have to live there afterwards. If they sell later, it has to be only to other locals and at a contracted lower price. Love the architecture. Thanks for sharing.

[@MyPortugalDream]

Hi Carlos, great idea! Let's hope they will do it, something needs to happen for sure. Thanks 🙏🏻

[@Solo50plus]

Good to see you back 🇵🇹

[@MyPortugalDream]

Hi Louise good to hear from you 😊 Let me know if you happen to be around Guarda so we can have that coffee ☕

[@terpentine]

Very very good you adress this! Thank you! 🙏

[@MyPortugalDream]

Thank you 🙏🏻😊

[@momentos...]

Interesting video about the reality of my city and others out there. Just an opinion, the world is subjugated by real estate interests (god$money). The day will come when everything will succumb to greed!!! Espero ver te a continuar a reconstrução da casa na montanha. Felicidades !!!

[@MyPortugalDream]

Muito obrigado amigo 🙏🏻😊✨

[@cynthiamoreno5771]

Hi 👋🏼 just wondering if it's too late for you to add the closed captions. I'm glad to see you are back. 😊 ❤ from Southern California.

[@MyPortugalDream]

Hi 👋🏻 😊 I did put captions in many languages... If you have a specific language that you want me to add I can still do it. Thank you ❤️🤗

[@flibbertygibbette]

If you turn captions on with the CC button it will display captions, including translation for interviews.

[@Manush70k]

well done Osher! :)

[@MyPortugalDream]

Thanks 🙏🏻😊

[@buizerdabes9265]

Very interesting.

[@MyPortugalDream]

I'm glad you liked it 😊

[@heidifuller9964]

Bem-vindo! 😃

[@MyPortugalDream]

Obrigado 🙏🏻😊

[@Steve_Van777]

But I hear that the locals from more rural areas like farms with land their children end up moving to the cities for work and just life and then when they get too old this is why there is a good market out the for foreigners to buy land and farms. If these people’s children when they grow up are moving to the cities and locals are leaving the cities because it’s too expensive then where are they going? Maybe this is just a problem in the main tourists cities I don’t know. Glad to see you making videos again. I really need to start learning Portuguese as I plan to end up there. A little ruin with some nice land and some natural flowing water is my dream!

[@MyPortugalDream]

Sounds like a good dream Steven 🤠 good luck ✨🙏🏻✨

[@sosososossoosossosososososooso]

hey. the house at 1:27 is already in the process of restoration, they added floors there and added a house next to it:)

[@MyPortugalDream]

This is great news 🙌🏻 another house been saved 😊

[@arjanvogel6444]

Thanks for your vid 😇💟💟💟 Love and bless you Osho, nice to see you again how is your house going?

[@MyPortugalDream]

Hi my dear friend 🙏🏻🤍🤍🤍 Good to hear from you again Just started with the house, very excited to be here and I hope next week I will share with you my first video from the house 😊😊

[@arjanvogel6444]

@@MyPortugalDream I am looking forward to that thank you friend.

[@101life9]

Sorry...what a waste. Yours is better, worth your money, time and effort. Very affordable, quite and peaceful 😊. What a deal.

[@MyPortugalDream]

Thank you my friend 🙏🏻 I agree with you, living on a mountain with good air and amazing quality of life it's the best 😊

[@ContinentalDrifter]

Excellent video. I love Porto and was just in this same area by the bridge in May and had many of the same thoughts. How about a really cool rooftop bar with views of the bridge, especially at night? No idea what the zoning allows but it's fun to consider. Porto has a lot of potential and I'm looking the move there myself. Cheers, The Continental DRIFTER

[@MyPortugalDream]

Hi 👋🏻 thank you 🙏🏻 and I hope you'll get your rooftop soon because I'm coming for a beer later on 🍻

[@jralicelescomplices2986]

Bonjour chers amis, ces bâtiments sont parfois centenaire soyez très prudents avant d'investir car certains planchers sont en bois et sont pourris a tous les niveaux,généralement les familles ne veulent pas faire les réparations car parfois ils ne sont pas d'accord pour l'héritage et ce genre de situation est très fréquent au Portugal, certains sont partis trouver du travail dans un autre pays et ont laisser a l'abandon les maisons de famille, soyez très prudents car des règles de construction sont stricte a Porto , personnellement je n'investirais pas surtout si le bâtiment est entouré de ruines car il faudra reforcer les fondations, bon séjour à tous

[@MyPortugalDream]

Thanks for your point of view 🙏🏻🙏🏻

[@jralicelescomplices2986]

Chers amis, comme vous l'avez également dit dans votre vidéo,les propriétaires sont toujours certains que cela vaut de l'or et attendre la personne qui leurs offrira beaucoup d'argent 😅 Porto a besoin de rénovation des bâtiments dans le respect des traditions mais cela amène à ce genre de situation, plutôt que de se moderniser porto se meurt, c'est triste pour le pays cela donne une mauvaise image, les locaux n'ont pas accès à ces maisons car trop chères, et c'est comme ça partout dans le monde 😕, bon retour parmi nous cher ami car je vous suis depuis le début de votre aventure bonne chance !

[@MyPortugalDream]

​@@jralicelescomplices2986I think you just described the whole problem in a few sentences 👍🏻 Thank you my friend, and I'm happy to know you are enjoying my journey 🙏🏻✨😊

[@benstaal5129]

Your video intro, perfect man, glad you're back on you tube. I'm curious what your next renovation steps are with the house.

[@MyPortugalDream]

Thanks Ben 🙏🏻😊 I appreciate

[@gracemeneses9910]

Shame that Portugal doesn’t give people incentive and sell these properties much cheaper instead of just letting them go to waste. But unfortunately that’s Portugal and some other countries in Europe full of bureaucracy

[@MyPortugalDream]

I agree, I think the municipality should buy them and rent it to locals at affordable prices

[@lurdesfaro923]

I agree. Unless Portugal changes its laws, things are never going to change.

[@pepperhill]

Inheritance laws in Portugal play a huge part. Parents have to leave 75% of their estate equally to all of their children, even if they do a will to the contrary. It's a law in Portugal. It's only needed for one of the beneficiaries not to agree with the others, they won't sign a particular paper and stall everything. A house can't be sold, etc. In England many families to preserve their estates they leave the house to one child. But for me as a portuguese person myself i find inheritance laws in England can be very unfair for the child/children who is left nothing.

[@MyPortugalDream]

Hi, thanks for your input on that subject 🙏🏻 I feel you, but I must ask, what about the parents free will? I mean, if the parents want to leave the house to the child that has supported them for years, they cannot... I believe in freedom, I want to choose to whom I will leave my belongings without any law forcing me to do it. If the law is about keeping the properties in local hands I can understand but don't decide for me how to split it among my loved ones. I hope I understood correctly. Anyway I respect any opinion and not judging no one, just sharing my point of view 🙏🏻✨

[@pepperhill]

@MyPortugalDream that is what all english people i tell about this Portuguese law say. But for us the Portuguese (or maybe the majority) you the one who put those children in the world, it's your responsibility to what happen to them. You can't decide to give more to one and not the other. If one of them takes care of you give them the reminder 25%. Even if it was a friend who took care of you and not your children you can't give them all you want, just the 25%. If you don't speak with one of your children, it's your fault, you the one who raise them. The children you put in this world, each of them, are your responsibility for life. I think it is a healthy way of viewing your responsibilities as a parent. When you have children your free-will stops where your responsibility starts. What damage will you put upon the one child you don't want to give as much as their sibling? My partner is English and that has happen in their family. It's not about the money, it's about being loved by your parents. The deep hurt that was caused, the unfairness, and now that person is dead without knowing they left a devastated person behind. And also sometimes some children can be very manipulative and have an hold on a parent, without the parent realising. It's best if everybody knows from the start nobody will be left destitute. If you have parents (as we all have) you will never become destitute 😀

[@MyPortugalDream]

​@@pepperhillI cannot not agree with you, I think there is more than one true or way of dealing with that. I just hope we all will be happy with what we have 🙏🏻

[@ce1581]

Maybe property taxes , repairs, etc. Made it too expensive to survive ?

[@MyPortugalDream]

For sure it's a part of the problem, I think the government needs to act in a few different levels to solve it, taxes and the costs of the renovation is a must

[@nunopinheiro3696]

Every country

[@MyPortugalDream]

My experience was different

[@lurdesfaro923]

Não, não vês este desmazelo em todos os países, não nesta dimensão. Epá, é só atravessares a fronteira.

[@malgueira10]

estão abandonados porque os proprietários não têm dinheiro para o restauro e as que estão à venda são caríssimas

[@MyPortugalDream]

Yes you are right, I hope they will find a way to start the renovation instead of selling the houses so it can stay with the local people

[@lurdesfaro923]

Se não têm dinheiro para restaurar devem vender por preços razoáveis e não pedir preços completamente absurdos. O aspeto decrépito da maioria das nossas cidades é vergonhoso. Milhares de casas estão abandonadas há décadas. O Estado deveria dar um limite de tempo para os imóveis serem restaurados, caso contrário demolição.

[@malgueira10]

@@lurdesfaro923 ganha juízo, não sabes o que dizes 🤦‍♂ a menina quer o estado a demolir propriedade privada e histórica LOL quem tabela os preços é o mercado, não é o proprietário individual quem decide o valor de mercado...em Portugal os ordenados são baixos e nem sempre dá para economizar para obras de restauro caríssimos, mas olha ó sem noção, se porventura tiveres uma casa avaliada em 4 milhões e não tenhas dinheiro nem capacidade de pedir crédito para restauro, vende a mim por 1 milhão (pago em cash se quiseres), vendo-a à posteriori e faço 3 fáceis milhões só porque sim, devido à tua anjice, perdão, devido à tua boa vontade

[@colleen2386]

I want the one nearly touching the bridge with the wrought iron windows. I will make a roof top patio and invite my friends. You will bring the Panda playing the guitar. We will drink and look out over the city and plan its restoration 😊 You must also bring Illian. I think i will need his brutality for my renovation. I want to save them all. 😢 I hate politics. Their 🏠 time is not infinite.

[@MyPortugalDream]

I like your plans let's do it 🙌🏻 I can also bring more animals if you ok with😁 "Nearly touching" it's brilliant, I broke 3 teeth when I said "touches"..😅😅 Yes it's very sad to see, and the city is full of them😢

[@colleen2386]

Do you know more talented animals with instruments? You are an enigma I believe in. See you soon 🎉 🍸

[@acastro5197]

Frankenstein houses .. beyond repair.. serious structural problems .. no parking.. these are ruins.. keep away from this junk..

[@MyPortugalDream]

I wasn't really looking to buy a house in Porto, even though I do think some properties have great potential. I believe you are referring to the house on the Gaia side, I totally understand why you are saying that, but in that case it's more about the location of property and not the house itself.

[@Dreamertraveller]

How far is this from your property?

[@MyPortugalDream]

If you are taking the toll road it's 2:20 hours

[@yodaz101]

Zoning and construction laws make it impossible.. it would cost a fortune...First even though they are rotting, they want a fortune for them.. inflated beyond reason... To do any repairs,.laws, cultural laws, architects, structural engineers, taxes, utility taxes, no roads to bring in materials, everything brought by hand.. commissions, camaras, historical laws, you can't alter anything.... It's a costly huge nightmare and camara that would rather let it all rot than do anything to simplify anything....it's a costly legal and political nightmare to do anything....best to let it rot...

[@MyPortugalDream]

It's true and it's very sad they do it to their own city, I hope someone will wake up and take care of this by making the laws easier in order to save those amazing historical buildings

[@yodaz101]

YES, many abandoned... BUT, you don't understand building laws...this is why they are empty and left to rot . They make building impossible.

[@MyPortugalDream]

I do understand, but not all of them are buildings that need preservation, sometimes it's just too expensive for the local to rebuild, so they sell them but at a very high price

[@rosanadancel7225]

I think, the city government earned much money from tourists. Prices to high No like to buy. Pity

[@MyPortugalDream]

Yes, it's a sad situation, and the one to pay the price of that mess is the local...

[@attract1234]

well over priced for wrecks, France beautiful abandoned properties a fraction of the price, So basically Portugal Porto is not that nice either, they need to wise up

[@MyPortugalDream]

It's true that France has some relatively cheap properties. Just take under consideration that some of the prices were for the whole building and not for one apartment. I do agree that some one needs to wake up and make a change.