Portugal is one of the most desirable countries to have a second home for holidays both for foreign and national citizens. Usually foreign citizens would purchase a property in Portugal in their individual names (this requires to schedule deeds at a Public Notary and subsequent registration of the purchase at the local Land Registry and …
Process Main Steps to Buy or Sell Algarve Property
Algarve, South of Portugal, has been for several years one of the most desirable places in Western Europe to buy Property for holidays or to live permanently by foreign citizens. The buying and selling of a Property in Portugal is relatively straightforward providing the ownership of the property is clear and the purchase laws are …
Purchasing a Property in Portugal
Purchasing a Property in Portugal On any purchase and sale of a Property in Portugal it is advisable that both parties appoint a lawyer to prepare and execute all the process. Usually the appointed Purchaser’s lawyer will prepare a draft of a Contract of Purchase and Sale (the Promissory Contract) of the property, which is …