Simplifying the property-buying process for expats and investors.

Introduction

Portugal’s sunny climate, affordable real estate, and Golden Visa program have made it a hotspot for foreign property buyers. Whether you’re planning to settle or invest, this guide outlines the step-by-step process to purchase property with ease.

Step-by-Step Guide

1. Define Your Purpose and Budget:
   Determine whether your goal is to relocate, invest, or generate rental income. Align your budget with your purpose.

2. Choose the Right Location:
   Explore cities like Lisbon, Porto, or the Algarve based on lifestyle, investment potential, or rental demand.

3. Understand Legal Requirements:

   • Obtain a NIF (Tax Identification Number).
   • Open a Portuguese bank account for transactions.

4. Hire a Real Estate Agent:
   Work with a trusted agent familiar with the local market to find the right property.

5. Search for Properties:
   View properties in person or virtually. Verify property conditions and documents.

6. Negotiate and Make an Offer:
   Your agent can help you negotiate fair terms based on market conditions.

7. Sign a Preliminary Contract (CPCV):
   This legally binds the seller to your offer. You’ll need to pay a deposit (typically 10-30%).

8. Secure Financing:
   If needed, apply for a mortgage through Portuguese banks.

9. Finalize the Sale:

   • Sign the Deed of Sale (Escritura Pública) in front of a notary.
   • Pay taxes, including IMT (property transfer tax).

10. Register Your Property:
    Ensure your property is recorded with the Land Registry Office.

Free Consultation

Ready to start your property search? Book a free consultation with Uniroomz, and let us guide you through the process!