FAQ’s

Can foreigners buy property in Portugal?

Yes, foreigners can purchase property in Portugal. The process involves obtaining a Fiscal Identification Number (NIF), which is essential for property-related contracts. Foreign buyers should be aware of specific legal requirements and taxes, but there are no restrictions on foreign property ownership in Portugal.

How long does it take to buy a property in Portugal?

The process can take anywhere from one to three months, depending on various factors such as financing, legal, and negotiations.

Do I need to be in Portugal to complete the purchase?

While visiting the property in person is advisable, it's possible to complete the purchase remotely

What are the best areas to buy property in Portugal?

Popular areas include Lisbon for urban living, Porto for cultural heritage, the Algarve for coastal properties, and the Silver Coast for a balance of affordability and scenic beauty. The best area depends on your personal preferences and investment goals.

Do I need to buy property to obtain residency in Portugal?

No, buying property is not a requirement for residency. Alternative visas like the Golden Visa Funds investment and D7 visa offer residency pathways without mandatory property investment.

Is buying a house in Portugal a good investment?

Investing in Portuguese property is very advantageous due to market growth, rental demand, and the country's overall appeal to both tourists and expatriates.

Can I get a mortgage in Portugal as a foreigner?

Yes, Portuguese banks offer mortgages to non-residents. Typically, banks will finance up to 70% of the property's value for non-residents, subject to credit approval and financial assessment.

Can I rent out my property in Portugal?

Yes, you can rent out your property. Rental income is subject to taxation, and you may need to comply with local regulations, such as obtaining a rental license for short-term holiday lets.

Is it better to buy a new build or a resale property in Portugal?

Both options have advantages. New builds offer modern amenities and may have lower maintenance costs, while resale properties can offer character and may be located in established areas. Consider factors like location, price, and personal preferences