Buying Process in Portugal

Buying Property in Portugal

Buying property in Portugal is fairly straightforward but needs time and care to avoid any expensive mistakes. Overseas buyers making buying property in Portugal should seek independent legal advice and have any legal documents that require signature and full understanding translated into your own language . 

The Process Overseas buyers will need to obtain a tax card and fiscal number from the local Portuguese authorities. This documentation nominates a Portuguse postal address many real estate agents and banks will happily let you use their address for this purpose. 

Legal Fees. Legal fees are about 2 per cent of the property purchase and  deed registration is one per cent . Surveys are essential and cost about EUR 1000.

Other fees; Turning on utilities,

Legal advice

Overseas property buyers should take advice from qualified solicitors or other independent professionals and ensure that sales documents, title of property, building permits and registrations are correct and translated into the language of the purchaser.

Buying property abroad tips & advice

Keeping your cool

1. Don't rush.
2. Get familiar with the island location and the type of properties you're considering.
3. Research the residency rules for non nationals
4. Know the people and the lifestyle
5. Get advice from a reliable source
6. Select a reputable local lawyer
7. Use respected real estate agents
8. Don't let yourself be pressured by a pushy salesman
9. Independent advice is the best advice
10. Know your partners views consider your relationship

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