Jun
25

BUYING PROPERTY IN PORTUGAL

Buying Property in Portugal

Find out what to expect from the property purchase process in Portugal…

The level of bureaucracy involved in the process of purchasing or selling a property in Portugal can make it more difficult for those who don’t have a significant knowledge of the country, language, legal and administrative system, which is why it is strongly recommended to hire a Portuguese lawyer.

Buying a Property in Portugal

To buy a property in Portugal, a Portuguese Fiscal Number form is needed. However, a Portuguese non-resident entity buying property in Portugal will need to designate a Portuguese Tax Representative.

There are two ways to buy property:

  1. Using your own capital – a relatively easy option since you don’t have to go through the process of applying for a loan.
  2. Applying for a loan from a Portuguese financial institution/bank. Note that the Portuguese banks always demand the registration of a mortgage on the property being bought.
  3. Find the right real state agent its one of the most importante step, BOSSrealty has the nology to guide you in that important decision.

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