Everything you need to know about buying property in Portugal.

Found your property and now ready to buy?

 

A step by step guide when buying a property in Portugal.

Read our simple notes to guide you through the buying process.

Lawyer

It is strongly advised that you get a lawyer to assist you with the purchase of your property and to ensure that all the legalities are properly followed at the time of the deed, starting with the property documents. The costs for this service depend on the solicitor you use and the services you need. You might have some people advising you to use the new system Casa Pronta, this system was set up to make buying a house simpler and cheaper from the legal side, however, if you do not read Portuguese then you may have issues that you will be unaware of until it is too late and the paper work has been signed. This is why certainly for non Portuguese we advise that you instruct a lawyer to work on your behalf.

NIF Número de Identificação Fiscal, fiscal number

You must have this number if you want to purchase a property in Portugal or even to open a bank account. You can request it at any Tax Office branch in Portugal Finanças. You can do it yourself, get your real estate agent or your lawyer to assist you, whichever is easier.

Bank account

It is important to open a bank account and you can do it once the NIF number is issued. A Portuguese bank account is very useful even for buyers that do not need a mortgage as you can set up direct debits to pay for your utility bills and any other responsibilities.

CPCV, Contrato de Promessa de Compra e Venda

The lawyer will draw up this contract with all the terms agreed between both parties, it has to be signed by the seller and the buyer. The promissory contract is very important as it states the terms and conditions of the sale and protects both parties in case of any possible disputes at a later date.

Final deed, Escritura

It is very important to check that the property you want has all the legal documents required at the time of the deed. However, there is no need to worry as your lawyer will liaise with us to ensure that all the necessary documents are available on the day of the final deed.

Certidão de Teor from Conservatória do Registo predial

A document stating if the property is free of any debts and if it is registered in the seller's name;

Caderneta predial from Finanças

This document is the title deed of the property, the ID card, identifies the property location and full address, construction and living area, total size of land, a summarised description of the property;

Licença de Utilização from the Câmara Municipal, Secção de Obras

Properties constructed as habitable after 1951 must have this document from the Town Hall called Habitation License;

Proof of payment of the IMT

To complete the purchase of a property at the Notary you need to provide proof of payment of the IMT, a tax applicable to properties with a sale value above 92.407 euros for permanent housing.

ID, Identification Documents

Buyers and sellers must provide original ID cards or passports;

Ficha Técnica de Habitação

Properties built or altered after 1 January 2003 in Portugal are required by law to have the Ficha Técnica de Habitação. This document contains information about the property, including builder's details, construction materials used, technical and functional features.

Certificado Energético, Energy Certificate

Document required, as of January 2009, in order to complete your final deed. When selling a property the seller needs to provide this document and this applies to all existing and new buildings. This document certifies the energy performance of the property.

The purchase is now completed, please be sure you get the information about all your financial responsibilities now that you have a property in Portugal. 

We are happy to answer any further questions you may have about this or anything else to do with purchasing a property in Portugal.