Portugal remains one of Europe's most sought-after destinations for those dreaming of a home by the sea, a river, or with a countryside view. However, buying a property — especially for those from outside the country — involves steps that aren't always straightforward. This guide outlines the essentials, step by step.
1. Define Your Region and View Type
Before searching for properties, clarify what you're looking for: a sea view requires a higher budget in areas like Cascais or Algarve, while the Costa de Prata and the Douro offer equally spectacular views — river, countryside, or mountain — at competitive prices.
- Sea view: Algarve, Cascais, Figueira da Foz, Costa Vicentina
- River view: Douro, Coimbra, Alentejo ribeirinho
- Countryside/mountain view: Alentejo interior, Serra da Estrela
2. Obtain Your NIF and Open a Bank Account
A Número de Identificação Fiscal (NIF) is mandatory for any property transaction in Portugal. It can be arranged remotely through a tax representative, allowing you to start the process before visiting the country.
3. Financing: Mortgage Options for Non-Residents
Portuguese banks typically finance up to 70-80% of the appraised value for non-residents, with slightly higher rates than for residents. We recommend comparing at least three proposals before proceeding with a pre-approval.
4. CPCV, Deposit, and Deed
After choosing a property, you'll sign a Contrato de Promessa de Compra e Venda (CPCV), usually with a 10% to 20% deposit. The final deed is executed before a notary, at which point the property transfer and applicable taxes (IMT and Stamp Duty) are paid.
5. Costs to Consider
Beyond the purchase price, it's essential to budget for the IMT (Municipal Tax on Transactions), Stamp Duty, notary and registration fees, and — if applicable — real estate agency commissions.
With the right guidance, the entire process can be conducted smoothly and transparently. The FOZ VILLA team accompanies each client, national or international, from the initial contact to the deed.
