#102 - Golden Visa Investment in Portugal in 2023: new laws and trends with Sam Menda from Seed Real Estate

https://home.hallocasa.com/ the fastest website creator for independent real estate agents. Create your Profile for free! This time I talked to Sam Menda, from Lisbon, Portugal.  Sam is Founder of See Real Estate and prior to founding Seed, Sam had been working for 17 years in the film and advertisement industry for some of the biggest brands in the world.  He then founded Seed Real Estate with his best friend Eden at the beginning of 2021.  Being Turkish, Israeli, and Portuguese, Sam knows the importance of being international in this digital world. Thus it was one of the main goals of the company to create an international team that can give an A-to-Z service to sellers, buyers, and investors from all around the world.  Seed Real Estate has therefore a purely international DNA. Seed offers a client-focused and transparent service that revolutionises the traditional real estate agency model in Portugal.   0:00:12 Introduction 00:01:28 About Sam Menda and his film, TV, and movie career  00:05:00 Jumping into Real Estate  00:06:00 Motivation about why to start their own Agency and the culture of Seed Real Estate  00:10:40 License when setting up a your own Real Estate Agency  00:12:00 About obtaining inventory as a Real Estate Agency and exclusivity of listings  00:14:00 About real estate commissions and off-market listings in Portugal  00:17:08 About the Lisbon Real Estate Market and living in Lisbon in general  00:20:20 Real Estate Prices in Lisbon in comparison to other European capitals and cities  00:23:30 About the new Laws of the Golden Visa for Real Estate in Portugal  00:27:20 About new laws regarding abandoned buildings in Lisbon  00:30:10 Interesting neighborhoods with buying opportunities in Lisbon  00:35:00 About market implications regarding fixed vs variable mortgage interest rates   00:36:30 About licenses for short term rentals in Lisbon  00:38:30 Seed Real Estate´s approach to business and to culture  00:44:00 About Seed Real Estate Service Offerings, its network, international approach, and partners  00:52:15 Demographics of real estate buyers in Portugal and Lisbon  00:53:15 Buying real estate online and remotely without travelling to Lisbon, Portugal   00:54:00 Due Diligence process of Seed Real Estate of listings and financial projection services and tax advisory for real estate buyers  00:59:30 About the real estate buying process in Portugal and money transfer   01:03:00 Open Houses by Seed Real Estate in Lisbon  01:05:40 Conclusion   Sam, thank you very much for your time and this very insightful interview! I really enjoyed the conversation!   I hope this interview is insightful for both real estate agents and real estate investors looking to buy in Portugal.   You can reach out to Sam via: [email protected] https://www.seedrealestate.pt/