Portugal is a popular destination for expats looking to buy property abroad. Lower house prices, mild climate and relaxed lifestyle attract more buyers every year.
But buying a house in Portugal is not the same as in your home country. The system works differently, the rules are different, and there are pitfalls.
On this page we explain step by step how the purchase process works.
Step-by-step
- 1
Apply for NIF
Without a NIF (tax number) you cannot buy property. This is step 1.
- 2
Open Bank Account
You need a Portuguese bank account for the transaction.
- 3
Search & View Properties
Search online or via an agent. Always visit in person.
- 4
Get Property Inspection
Get an independent inspection before making an offer. GerardusKoetje offers this from €49.
- 5
Offer & Preliminary Contract
After acceptance you sign the CPCV at the notary.
Tips
Check the Habitation License
Without a habitation license you cannot legally live there.
Watch for IMI Tax
You pay annual IMI (property tax). Budget for this.
Central Portugal is Cheaper
In the Fundão/Castelo Branco area houses are 30-50% of Algarve prices.
Frequently asked questions
Want to buy a house in Portugal but dont know where to start? GerardusKoetje helps with independent inspections.