1
Prepare Your Finances
Before beginning your property search:
✔ Set a budget – Account for purchase costs, taxes, and fees.
✔ Secure financing – Obtain a mortgage pre-approval if needed.
✔ Define priorities – Clarify your must-haves (location, property type, etc.).2
Find a Property & Arrange Viewings
✔ Search platforms – Use online portals (e.g., Idealista) or local real estate agents.
✔ Act quickly – Prime properties sell fast; schedule viewings promptly.
✔ Research the area – Check amenities, transport links, and future development plans.3
Verify Key Property Documents
A 2024 legal change simplified listing properties, but buyers should still insist on:
✔ Licença de Utilização (Habitation License) – Confirms the property’s legal use.
✔ Ficha Técnica da Habitação (FTH) – Technical sheet detailing the building’s condition4
Commission a Property Survey
✔ Hire a surveyor – Unlike in some countries, surveys in Portugal are typically done before making an offer.
✔ Negotiate if issues arise – Use findings to adjust your offer or request repairs.5
Make an Offer
✔ Submit competitively – Do so via email for written proof.
✔ Expect negotiation – Sellers often counteroffer; stay flexible on terms or price.6
Sign the Reservation Contract (CPCV)
✔ Contrato-Promessa de Compra e Venda (CPCV) – Binds both parties legally.
✔ Pay a deposit (typically 10%) – Non-refundable if you withdraw; seller pays double if they default.
✔ Finalize mortgage details – Contact your lender to lock in terms.7
Complete the Purchase at the Notary
✔ Attend the signing – The deed (escritura) is signed before a notary.
✔ Bring a translator – Required if you’re not fluent in Portuguese.
✔ Register the property – The notary handles the official transfer to your name.8
Transfer the Remaining Balance
✔ Pay the outstanding amount – Includes the remaining 90% (minus deposit) plus taxes/fees.
✔ Receive the keys – Congratulations, the property is now yours!For personalized assistance, consult our Real Estate Desk to guide you through each step:
Also, you can find more details about:
Purchasing property in Portugal with a mortgage is an option available to both residents and non-residents. However, loan conditions depend on factors such as nationality, residency status, and individual bank…
Read More
