Portugal
Are foreigners allowed to own property in Portugal?
When we asked expats in Portugal if foreigners are allowed to own property, they answered...
"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," remarked another expat in Matosinhos, Portugal (a suburb or Porto), Portugal.
"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 a member in Portugal.
Portugal Residency AdvisorsConnect
Portugal Residency Advisors is a full-service consulting firm dedicated to providing personalized services to individuals and families seeking to relocate to Portugal. With a team of experienced professionals and strategic partnerships, we are well-positioned to assist clients with all aspects of the relocation process.
Click connect to have our partner contact you via e-mail and/or phone.
Portugal Residency AdvisorsPortugal Residency Advisors is a full-service consulting firm dedicated to providing personalized services to individuals and families seeking to relocate to Portugal. With a team of experienced professionals and strategic partnerships, we are well-positioned to assist clients with all aspects of the relocation process.
Connect
Click connect to have our partner contact you via e-mail and/or phone.
Other Questions:
- What do I need to know before moving to Portugal?
- How do I find a place to live in Portugal?
- What is a typical expat home or apartment like in Portugal?
- What is the average cost of housing in Portugal?
- Should I buy or rent a home in Portugal?
- What should I pack when moving to Portugal?
- What cultural faux pas should I try to avoid making in Portugal?
- Why do people move to Portugal?
- What are healthcare services like in Portugal?
- What are medical services in Portugal like?
- What are typical rents in Portugal?
- What appliances are typically included in a rental?
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.
