More Options
Better Properties
Best Prices

Buying with confidence

Tourism has brought considerable prosperity to the Algarve and contributed significantly to the overall economic strength of a stable democracy with moderate, centralist government within the European Union.
The nation's Constitution and well-founded legal system give foreign buyers and property owners the same fundamental rights and protection as those enjoyed by Portuguese citizens.
New legislation has even abolished inheritance tax for family members and tax on house purchases has been slashed.

Buying in Portugal is a straightforward process provided you stick to the letter of the law and are advised or represented by a competent and fully qualified lawyer who is fluent in a language that you understand.

You can give your lawyer or anyone else specific power of attorney to sign documents on your behalf, but closely follow that the proper steps are being taken without any undue delay.

At the beginning of the transaction when your have made an offer and the price has been agreed, the buyer agrees to buy and the seller agrees to sell.

To help you to get the process moving quicker and to assure you that your offer has been agreed,
it's to your advantage to make an initial payment of €10.000 straight away.

Once you have appointed a lawyer a formal contract is drawn up, (Contracto Promessa de Compra e Venda / Promissory Contract), and it will include all the terms and conditions of sale.

This contract is then legalised by registering it in the Notary Office. (Similar to the U.K. Notary Office)

The contract is legally binding on both buyer and seller; if the buyer defaults he forfeits the deposit, if the seller defaults he has to pay the buyer double the amount. (Unless agreed in advance on the contract)

According to the conditions of the contract at this stage you will have to pay the seller a deposit, which the amount will be previously, agreed. (The Deposit  is usually 30% of the full purchase price)

Prior to act of completion, the purchase may be subject to a payment of I.M.T. (to the Tax Office) Depending upon the nature of the purchase the amount can vary.

When all the above requirements have been completed the sale can proceed with the act known as "Escritura de Compra e Venda" which takes place in front of the selected Notary and is recorded in his official books. It is at this time that the balance of purchase has to be made according to the signed Contract. The Notary Office then issues, normally a few days later, a photocopy of the entry of this act which should not be mistaken for a "Title Deed" as known in the UK.
The deeds should be signed by the buyer and seller or their legal representative having a Power of Attorney to either buy or sell. If a foreigner wants to sign himself, the Notary will insist on a translator to be present.

On proof of the above act the property in question is then registered in the Land Registry (Conservatória do Registo Predial), in the new owners name. It is strongly recommended that this registration is made immediately as a preventative measure against possible financial abuse by the previous owner.
Also you should change the property again into your name in the tax department and all utilities like water, telephone, electricity have to be altered into the name of the new owner.

Our Lawyers Services and Fees

    » Our lawyers Legal fees is usually 1% ( this includes) First meeting
    » The issue of the Document "Power of Attorney"
    » Checking all the documents and certifying that every document is in legal order
    » Draw up the Promissory Contract
    » In case of Credit, dealing with all the documentation necessary
    » The Schedule and attending to the deed
    » All the necessary declaration and forms to the tax department
    » All the necessary documents to the land Register Department
    » All utilities, such as, water, telephone, electricity will be altered into your name

      (All the legal expenses are not included)
Featured in...
The times
The Wall Street Journal
The Sunday times
The Irish Times
The Telegraph