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Buying Property in Portugal: A Guide for Foreign Buyers

Why Buy in Portugal?

Portugal has become one of Europe’s most attractive destinations for property buyers. With a warm climate, beautiful coastlines, rich culture, and a relatively low cost of living, it’s ideal for retirees, investors, and remote workers alike. The real estate market is stable and continues to grow, offering both lifestyle and investment benefits.

Can Foreigners Buy Property?

Yes – Portugal welcomes foreign buyers with open arms. There are no restrictions on non-residents purchasing real estate. The process is transparent and well-regulated, making it easy and safe for international investors to Buying properety in Portugal.

Step-by-Step Buying Process

Get a Portuguese NIF (Tax Number)

Open a Portuguese bank account

Find a property and make an offer

Hire a lawyer to handle contracts and due diligence

Sign the promissory contract and pay a deposit (usually 10%)

Complete the sale with a notary – and get the keys!

Costs and Fees

In addition to the purchase price, expect to pay:

IMT (Property Transfer Tax)

Stamp Duty (Imposto de Selo)

Notary and registration fees

Legal fees

Overall, these costs typically add 6%–10% to the property value.

Extra Incentives

Portugal offers attractive programs like the Golden Visa (for residency through investment) and the Non-Habitual Resident (NHR) tax regime, which can reduce or exempt certain taxes for up to 10 years.

Final Thoughts

Buying property in Portugal is not only a smart investment—it’s a lifestyle upgrade. With the right support and preparation, you can enjoy everything this amazing country has to offer.