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," commented one expat who made the move to Portugal.
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"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.
Other Questions:
- What do I need to know before retiring in Portugal?
- How do I meet people in Portugal?
- What is life like in Portugal?
- 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?
- Is the cost of living in Portugal high?
- What advice do you have for expats having a baby in Portugal?
- What are healthcare services like in Portugal?
- Is the cost of living in Portugal high?
- What type of recreational facilities are in Portugal?
- What is the weather like in Portugal?
- Are there good restaurants in Portugal?
- Where will I buy groceries and do other shopping in Portugal?
- What are the visa & residency requirements in Portugal?
- Are healthcare and health insurance expensive in Portugal?
- What do I need to know when buying property in Portugal?
- Are foreigners allowed to own property 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.
