Frequently Asked Questions

The Company buys old, unoccupied properties in attractive rural locations in Central Portugal, renovates them to current, energy-efficient standards and sells them on the open market. We select properties that will not require planning permission prior to upgrade. This saves time delays and allows renovation work to start shortly after a property is purchased. Using our inspirational design agency to ensure the best use of space and an energy-efficient finish, the properties are renovated by Rural Properties specialist teams. Properties are offered for sale on the open market during the renovation process. Early buyers have the option of paying a deposit and working with our design agency, Concepto Studio, to create the interior finish, fixtures and fittings that they desire.

The Portuguese company was formed in July 2019, funded by the co-founders. The Company has four private shareholders. The market uncertainties through the Covid-19 pandemic put activities on pause and a series of pilot properties were purchased in early 2022. Operationally, the management used the 2021/22 pandemic periods to increase its business network, further research the market and establish the company’s profile and presence. From the start of 2022, the Company has been securing significant project funds on a profit share basis. Investments have ranged between €40.000 and €150.000 with the company now moving towards higher sales values.

In charge of the operational team is Paul Rees, who has completed many successful property projects, including refurbishments and new builds. Cost-effective solutions and budgetary control are second nature. Working in the rural property market, Paul’s contacts and suppliers include sector-specific experts in energy efficiency, traditional materials and construction. Director, Kate MacGowan is an internationally experienced business developer with over 20-years’ experience, providing commercial consultancy and strategic guidance to individuals and organisations. Her detailed oversight ensures that the Company is registered and run correctly under Portuguese company law. Kate’s exhaustive selection of professional advisors and service providers ensures the business is professional and efficient. Gelu Timis is a construction and renovation specialist with decades of experience in multiple projects in the UK and, latterly, across Portugal’s central region. Gelu’s insight into local construction regulation, eco-efficient systems, materials selection and property presentation is invaluable for accurate budgeting, cost control and inspired property redesign and renovation. Gelu manages the construction teams and selects specialist sub-contractors.

The registered office is in Coimbra, in the rural centre of the country between Lisbon and Porto. The company’s remit covers ‘rural Portugal’, defined as the country’s inland areas from north to south. Initial investments have been in the Central Region council areas of Sertã, Castanheira de Pera, Figueiró dos Vinhos and Pedrógão Grande. Organic expansion remains within this zone.

Rural Properties is the trading name of the Portuguese-registered company, RPF Portugal Lda. This Lda is owned by three private investors and a UK based investment fund with existing stakes in Portuguese media and property businesses.