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Portugal | Are foreigners allowed to own property in Portugal? | Expat Exchange
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Are foreigners allowed to own property in Portugal?

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Portugal Residency Advisors
Portugal Residency Advisors
Portugal Residency Advisors
Portugal Residency Advisors

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:

Are foreigners allowed to own property in Portugal?

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About the Author

Betsy Burlingame 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.

Parque das Nacoes in Lisbon

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