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Guide to Buy A Real Estate Property in Portugal

Buy Property in Portugal Golden Port Visa

Are you looking to buy a property in Portugal? A sunny place with high standards and beautiful scenic views? Portugal can most definitely be the right choice for you.

But to buy a property in Portugal as a foreigner can be confusing and most likely complex if you do it yourself. What you’d need is professional help and information before you go ahead and invest.

This post will guide you through the information you must know to buy a property in Portugal.

Buying a property in Portugal as a Non-resident:

What are the reasons to buy a property in Portugal?

Portugal is a scenic country with beautiful places to explore. Its coasts in the Algarve region are a highly preferred destination by expats.

But in addition to that, there are other reasons why Portugal’s real estate investment can be a great decision, such as:


  • Portugal receives sunshine throughout the year

  • Both city and rural regions of the country are developed and great to live in

  • Holding property in Portugal for five years makes you eligible for Portugal citizenship

  • People naturalized in Portugal have the right to study, work and travel anywhere in the EU.

What are some great places to buy a real estate property in Portugal?

Since Portugal’s Golden Visa began, places like Lisbon, Porto, Algarve, and the Silver Coast have been well-known regions and top choices for ex-pats. However, with the new rules, some places are only eligible for commercial properties, and the prices are rising.

But here are some places that are becoming more popular among investors:

  • The Algarve: If you’re buying a property in Portugal as a foreigner, you must consider the Algarve. With luxury villas and condos with ocean views, it is always a good idea to invest in a property in this region.

  • Évora: If you want a place situated in an ancient city and a top destination for tourism without the high price tags of the Algarve, Évora is your answer.

  • Porto: Looking over the Atlantic and beach-front properties, Porto is both a commercial and tourist hub. It is an excellent Portugal real estate investment option with a mix of historic, scenic views and urbanism.

What is required to buy?

You must have a notary witness for signing the sales contract. You must also have a Portuguese tax number from a local tax office. 

Additionally, here’s the list of documents that you will need when buying a property in Portugal:


  • Photo ID

  • The property’s energy certificate

  • Stamp

  • Land register

The step-by-step process for buying a property in Portugal

Here are the steps for buying a property in Portugal:


Step 1: Acquire a Portuguese tax number (NIF) from a government office and open a Portuguese bank account. Learn more about Portugal’s Golden Visa application here.


Step 2: If you choose the residency by real estate investment, you should look for properties and find a place that suits you. If you are planning on taking a mortgage, figure out which plan works for you and start by negotiating its price with the seller.


Step 3: Once the mortgage is decided upon, make a down payment, usually around 10% of the property price but generally, its up to the parties. Moreover, you must show the bank proof of your income to qualify for a mortgage.


Step 4: Sign Contrato-Promessa de Compra e Venda (CPCV) required to offer a guarantee to both the buyer and the seller.


Step 5: Sign and notarise the property deed or sales contract. As explained above, you will need a witness and a list of documents to sign it.


Buying a property in Portugal as a foreigner can be a confusing process. That’s why it is essential to consult experts to save your time and money.


At Golden Port Visa, we’ll assist you from the start to the end of the process to make it as stress-free as possible for you.


Our migration experts and customized solutions help you through the Portugal Golden Visa program so you can be equipped with all the right tools and ready for the transition.

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