8d (edited) • 🏡 Real estate & housing 🏡
Seven Step Guide to Buying a Home in Portugal
*Seven Step Guide to Buying a Home in Portugal*
1. Define Your Goals and Budget
Decide if the property is for living, vacation, or investment (tax implications)
Include purchase price, taxes, fees, and ongoing costs
!! Explore mortgage options if needed !!
2. Get a Portuguese Tax Number (NIF)
Required for contracts, taxes, and opening a bank account
Can be obtained with help from your lawyer, relocation expert/concierge or online
3. Choose the Right Location
Lisbon and Porto: city life and culture, Algarve: beaches and expat communities. Nearby cities and towns can offer a lot more property for less money.
Central & Northern Portugal: more space, lower prices
4. Hire a Buyer's Agent
Free to you, zero cost*
Their lawyers work on your behalf to confirm ownership, legality, debts, and contract details
This protects your interests (Remember, listing agents represent the seller best interest first)
5. Make an Offer & Sign Promissory Contract (CPCV)
CPCV is legally binding agreement with deposit (usually 10%)
If seller backs out they have to pay double your deposit as a penalty
If you back out, you lose your deposit
6. Sign the Final Deed (Escritura)
Signed before a notary
Pay the balance and register property in your name
7. Register
Register with tax office and pay property tax (IMI)
2
1 comment
Seven Step Guide to Buying a Home in Portugal
powered by
skool.com/gmp-vips-1236
Fun, facts & hacks for your best life in Portugal! Where the fun, friendship & passion for Portugal continues after the Good Morning Portugal! Show...
Suggested communities
Powered by