{"id":26536,"date":"2022-01-31T09:29:03","date_gmt":"2022-01-31T09:29:03","guid":{"rendered":"https:\/\/www.thehouseshop.com\/property-blog\/?p=26536"},"modified":"2022-01-31T09:34:25","modified_gmt":"2022-01-31T09:34:25","slug":"how-to-buy-a-house-in-portugal-the-ultimate-guide-for-foreigners","status":"publish","type":"post","link":"https:\/\/www.thehouseshop.com\/property-blog\/how-to-buy-a-house-in-portugal-the-ultimate-guide-for-foreigners\/","title":{"rendered":"How to Buy a House in Portugal: The Ultimate Guide for Foreigners"},"content":{"rendered":"\n<!-- SEO Ultimate Plus (https:\/\/seoultimateplus.com) - Code Inserter module -->\n<script async>(function(s,u,m,o,j,v){j=u.createElement(m);v=u.getElementsByTagName(m)[0];j.async=1;j.src=o;j.dataset.sumoSiteId='b68b392479b5981b8acf46565e9fe32a0734fc21a1f7c1e60121eaa6ca1a1c64';v.parentNode.insertBefore(j,v)})(window,document,'script','\/\/load.sumo.com\/');<\/script>\n<!-- \/SEO Ultimate Plus -->\n\n<p><span data-preserver-spaces=\"true\">Many people dream of living in Portugal, and who can blame them since this is a country with many sunny days right by the water. Some would even say that that&#8217;s how they imagine paradise to look like.\u00a0<\/span><span data-preserver-spaces=\"true\">If you share their opinion, then maybe you should consider purchasing a property in this breathtaking country. Now, if you&#8217;re a foreigner, then things may not be as simple as you&#8217;d expect them to be.<br \/>\n<\/span><span data-preserver-spaces=\"true\">That&#8217;s precisely why you need to conduct thorough research, to provide yourself with some helpful information that will help you find exactly what you need. And that&#8217;s what this article will offer today.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Beneficial Tips To Acquire The Loveliest Home In Portugal<\/span><\/h2>\n<h3><span data-preserver-spaces=\"true\">The Paperwork<\/span><\/h3>\n<p><span data-preserver-spaces=\"true\">Just like everywhere else, this is something that everyone who is a foreigner has to go through to complete the purchase.\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/portugalbuyersagent.com\/buy-property-in-portugal\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">Can Americans buy property in Portugal<\/span><\/a><span data-preserver-spaces=\"true\">? The answer is yes; they can!<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">But that doesn&#8217;t mean that you can skip the paperwork. Now, you need to obtain a Portuguese tax number before you&#8217;re done with purchasing a house. You will have to go to their local tax office and apply or visit their financial department where you will have to pay a small fee.<br \/>\n<\/span><span data-preserver-spaces=\"true\">If you do not have a residence in this country, you can give them your attorney&#8217;s address. Furthermore, if you live in a country that isn&#8217;t part of the EU, you&#8217;ll have to designate a tax representative. Still, your advocate will likely be contacted first.<\/span><\/p>\n<h3><span data-preserver-spaces=\"true\">Portuguese Banks<\/span><\/h3>\n<p><span data-preserver-spaces=\"true\">This section refers to those who want to borrow money from Portuguese banks. Is it possible? It sure is; however, bear in mind that they will lend you up to seventy per cent of the value of the home you&#8217;re planning to purchase.<br \/>\n<\/span><span data-preserver-spaces=\"true\">So how does this whole process work? Just go to the local bank and apply for the loan. Now, if you do not speak their language, it would be recommendable to hire a mortgage broker who speaks your mother tongue to communicate for you.<br \/>\n<\/span><span data-preserver-spaces=\"true\">Another great advantage of hiring a mortgage broker is that they are going to be able to secure you a better deal precisely because of this.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">What Else Must Be Known?<\/span><\/h2>\n<h3><span data-preserver-spaces=\"true\">Make A Great Offer<\/span><\/h3>\n<p><span data-preserver-spaces=\"true\">Well, that&#8217;s logical, right? But unfortunately, a lot of people overlook this, thinking that whatever they offer is going to be acceptable for the seller, and that&#8217;s not the case. It would be best if you made an offer that will stand out from the rest and something he\/she will never refuse. So what are you supposed to do?<\/span><\/p>\n<ul>\n<li><span data-preserver-spaces=\"true\">For starters, check out the Property Registry to gather all information regarding the house and then create an offer that looks pretty appealing yet reasonable.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Make sure that the mortgage is in place to make that offer.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">If you&#8217;re not one hundred per cent sure that it&#8217;s precisely what you&#8217;re looking for, then give it one last look before you make any further steps.<\/span><\/li>\n<\/ul>\n<h3><span data-preserver-spaces=\"true\">A New House Or An Old One?<\/span><\/h3>\n<p><span data-preserver-spaces=\"true\">This question cannot be quickly answered because there are positive and negative things about both types. For instance, if you purchase a new house, you will get something of high quality, plus you will get a five-year guarantee.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">On the other hand, a negative side of this purchase is the location, since it&#8217;s not always the best, plus you may be obligated to pay a high premium. What does it mean? The best example of it is, for instance, a two-bedroom\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/international.thehouseshop.com\/portugal\/porto-de-mos-loc\/buy\/apartment-house\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">apartment on a Porto do Mos beach<\/span><\/a><span data-preserver-spaces=\"true\">\u00a0are more than 300,000 Euros. However, you can always stumble upon resales for approximately 200,000 Euros that usually require lots of renovation and may not have a swimming pool.\u00a0<\/span><\/p>\n<h3><span data-preserver-spaces=\"true\">Find A Good Agency And\/Or Agents<\/span><\/h3>\n<p><span data-preserver-spaces=\"true\">There are a couple of paths you can take to track a suitable property in Portugal, and we are about to list some:<\/span><\/p>\n<ol>\n<li><span data-preserver-spaces=\"true\">You can contact a real estate agent, which in their language is called Inmobiliaria, and see what can be done. All of them must show you&#8217;re their license number.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Visit a reputable website that will be able to put you in touch with sellers.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Word of mouth<\/span><\/li>\n<\/ol>\n<p><span data-preserver-spaces=\"true\">As you can see, purchasing a property in this country isn&#8217;t that difficult. Of course, the circumstances are a bit different since you&#8217;re a foreigner, but with the help of these tips, you&#8217;ll successfully go through this process.<\/span><\/p>\n<h6><span style=\"color: #ebe4e4;\">ref : THSI-2628 \/ ZD.23662<\/span><\/h6>\n","protected":false},"excerpt":{"rendered":"<p>Many people dream of living in Portugal, and who can blame them since this is a country with many sunny days right by the water. Some would even say that that&#8217;s how they imagine paradise to look like.\u00a0If you share<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/www.thehouseshop.com\/property-blog\/how-to-buy-a-house-in-portugal-the-ultimate-guide-for-foreigners\/\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":45,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"wl_entities_gutenberg":"","_lmt_disableupdate":"","_lmt_disable":"","spay_email":""},"categories":[7,1],"tags":[],"wl_entity_type":[602],"modified_by":"Editor","_wl_alt_label":[],"jetpack_featured_media_url":"","wl:entity_url":"http:\/\/data.wordlift.io\/wl0502\/post\/how_to_buy_a_house_in_portugal__the_ultimate_guide_for_foreigners","_links":{"self":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts\/26536"}],"collection":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/users\/45"}],"replies":[{"embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/comments?post=26536"}],"version-history":[{"count":3,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts\/26536\/revisions"}],"predecessor-version":[{"id":26539,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts\/26536\/revisions\/26539"}],"wp:attachment":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/media?parent=26536"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/categories?post=26536"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/tags?post=26536"},{"taxonomy":"wl_entity_type","embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/wl_entity_type?post=26536"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}