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:
- Using your own capital – a relatively easy option since you don’t have to go through the process of applying for a loan.
- 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.
- Find the right real state agent its one of the most importante step, BOSSrealty has the nology to guide you in that important decision.