Purchasing in Portugal

Purchasing in Portugal. Buying a house in a foreign country leads to different problems than those experienced in your own country. Not only the language, but also the rules, customs and the time you have to spend are factors that have to be taken into account. With Terra dos Rios you have come to the...

Orientation

You are planning to buy a house or a piece of land in Portugal. The first step is naturally to properly orientate yourself. Which region appeals to you? What is the climate like and what is actually on the market? Internet is the best place for your first orientation. You will, apart from all kinds...

Draft purchase contract

Your own attorney should draw up the draft purchase contract (contracto promessa de compra e venda). Your estate agent can help you find one. The attorney checks if the ownership papers, licenses and other documents of the fixed property, are well in order for the sale. The attorney will then draw up a draft purchase...

Purchase contract

The final purchase contract (escritura de compra e venda) will be prepared and signed at the notary or (since 2009) at the Conservatória do Registo Predial. The notary or the conservator is obliged to check all proprietary documents. You must pay the transfer duty on real estate before signing the purchase contract. The content of...

Registration on your name

Registration on your name. The last step in the purchase process is when you ensure that your newly acquired asset is registered in your name at the tax department and in the land registry. Transfer the water and electricity accounts to your name. If there is an existing water and electricity connection on your name,...

FAQ

What do I need to buy real estate? In order to be able to buy real estate in Portugal, you require a Portuguese tax number (NIF). If you buy via Terra dos Rios, we will help you to organise that. It is also a good idea to open a bank account with a Portuguese bank....

Purchasing in Portugal