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Buying property in Portugal

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omostra06

From: Portugal
6/18/2009 07:21 EST

The buying process in Portugal is relatively straightforward and follows a set procedure. From start to finish the whole process usually takes anything up to five months, though this may vary depending upon the number of persons involved and whether all the necessary paperwork is in order and how quickly you wish to proceed.

There are many subtle differences in buying a property in Portugal from the United Kingdom. The most noticeable difference is all estate agents in Portugal (agentes Imobiliarios) have to be registered and licensed.

Although there are a vast number of websites advertising property for sale in central Portugal and the rest of the country, unless they are licensed and registered it is illegal for them to either show or negotiate a sale.

You can easily identify a registered estate agents' website by the AMI number displayed. Don't be fooled into thinking they are licensed and legally able to sell properties in Portugal just because they have 'Real Estate' or 'Estate Agent' in their website details.

Although it may be tempting to view and even purchase properties through these advertisers, the Portuguese property market is rife with potential pitfalls and it is wise to deal only with registered, trained professionals, whom are up to date with the latest property laws

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ofilha
6/24/2009 08:09 EST

This should be a new thread, but i am trying to find out about cost of living in Portugal. I will have a retirement from the US and plan on moving to Portugal in a year and a half. Can anyone tell me what can one live on in Portugal, in terms of Euros. It will be me and my wife, possibly a cat and a dog. Someone in another site mentioned anywhere between 700 and 900 euros not counting rent or mortgage. My cousins who live there tell me that 1000 euros is plenty if a person does not squander money.

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omostra06

From: Portugal
6/24/2009 09:42 EST

we have some info here on cost of living.

http://www.gekkoportugal.com/cost%20of%20living%20in%20portugal.htm

depending on your lifestyle, 700 could be plenty.

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ofilha
7/3/2009 18:09 EST

Thanks.

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ofilha
7/4/2009 09:50 EST

Thank you for the information, but the 700 is it euros or dollars? And is just for one person or does it matter? I am moving with my wife. And i presume this estimate excludes the rent/mortgage?

Thanks again.

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