Buying properety in Portugal

 


Buying Property in Portugal: What You Need to Know

Why Portugal?

Portugal is one of the most attractive countries in Europe for real estate buyers. With its warm climate, relaxed lifestyle, beautiful coastlines, and relatively low cost of living, it appeals to a wide range of people — from retirees and families to investors and digital nomads. Buying property in Portugal is more than a purchase — it's a lifestyle decision.

 

Can Foreigners Buy Property?

Yes. Portugal allows foreign nationals to buy property freely, with no restrictions. The process is straightforward, and the legal system offers strong protection for buyers. This makes Portugal a reliable and accessible option for international investors.

The Buying Process – Step by Step

Obtain a NIF (tax number) – Required for any financial transaction.

Open a Portuguese bank account – Needed for payments and taxes.

Search and choose your property – With help from agents or online portals.

Hire a lawyer – To ensure all documents are legal and clear.

Sign a promissory contract – Usually includes a 10% deposit.

Finalize the deal at a notary office – You become the official owner.

Costs to Consider

Besides the purchase price, buyers should budget for:

IMT (Property Transfer Tax)

Stamp duty (0.8%)

Legal and notary fees
Altogether, buying costs typically add 6%–10% to the property price.

Conclusion

Buying property in Portugal is a smooth and rewarding process, especially when supported by the right professionals. Whether you're looking for a vacation home, a rental investment, or a permanent move, Portugal offers outstanding opportunities in one of Europe’s most welcoming countries.

 

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