Not to mention how profitable the Real Estate market is! At the time, we thought learning Portuguese would be our main hurdle (easy! we thought), so our adventure began.

Like many others, we started looking online and asking how to buy real estate in Lisbon. We quickly realized that, as foreigners, we needed to know the right people (and we didn’t at the time!) to overcome the many challenges we hadn’t anticipated: limited supply of quality properties, listings with misleading information, significant pricing disparities on similar properties, bureaucratic hurdles at every step, limited and complex access to financing, and legal complexities behind most transactions, to name a few.

Nevertheless, despite the challenges, we were always persistent. After three years of tribulations (yes, it took three years!), we finally landed our first property, which proved to be a worthwhile investment despite the complications we faced!

Over the past eight years, we learned Portuguese (the easiest part!), gained valuable expertise, developed a valuable network of partners, and assisted other fellow investors along the way. In 2023, we decided to make it official and establish «El Peñón Investimentos,» named after the school all of us (partners and investors) attended back in Venezuela many years ago! Our purpose is to help you, even if you don’t come from El Peñón. But no worries, we’ll treat you as if you did.