Portugal
Are foreigners allowed to own property in Portugal?
When we asked expats in Portugal if foreigners are allowed to own property, they answered...
"Yes, foreigners are allowed to own property in Portugal. Non-residents are able to purchase property in Portugal without any restrictions, and the process is relatively straightforward. The Portuguese government has made it easy for foreigners to purchase property in Portugal, and the process is similar to that of a Portuguese citizen. The only difference is that non-residents must obtain a tax identification number from the Portuguese tax authorities before they can purchase a property. Additionally, non-residents must also open a Portuguese bank account in order to complete the purchase," said another expat in Portugal.
"None that I am aware of. The only unusual thing is if you want a mortgage. Most lenders require a mortgage to be paid off by age 70 (some a bit older) so it doesn't help most folks buying at retirement age. We did a cash purchase so everything went quickly from offer to closing in about 3 weeks," wrote a member who made the move to Matosinhos, Portugal (a suburb or Porto), Portugal.
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Other Questions:
- What should I pack when moving to Portugal?
- Where should I setup a bank account in Portugal?
- Will I be able to find a job in Portugal?
- What is life like in Portugal?
- What do expats in Portugal appreciate most about the local culture?
- What do expats find most challenging?
- Is there a lot of crime in Portugal?
- Is there a lot of diversity? Are people in Portugal accepting of differences?
- What are the schools in Portugal like?
- What are healthcare services like in Portugal?
- What are medical services in Portugal like?
- Are healthcare and health insurance expensive in Portugal?
- What are emergency services like in Portugal?
- Will I need to travel to see a specialist?
- Are common prescription medications available in Portugal?
- How are local medical facilities in Portugal?
- As a foreigner living in Portugal, will I have access to public healthcare? What is it like?
- What have your experiences during the pandemic with the local healthcare system been like?
Are foreigners allowed to own property in Portugal?
If you live in Portugal, newcomers to Portugal would love to hear your answer to this question:
About the Author
Betsy Burlingame is the Founder and President of Expat Exchange and is one of the Founders of Digital Nomad Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange, Betsy worked at AT&T in International
and Mass Market Marketing. She graduated from Ohio Wesleyan University
with a BA in International Business and German.
Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.
