Buying property in Portugal can feel unfamiliar, especially as the process differs from country to country. To help make things clearer, we’ve outlined a straightforward guide to the Portuguese property buying process, so you know what to expect at every stage.
There are three main stages when buying property in Portugal: Reservation, Promissory Contract, and Final Deeds. Alongside these, there are a few additional steps that help ensure the transaction runs smoothly.
Important note: This guide is provided for general information only. We always recommend seeking independent legal advice when purchasing property in Portugal.
If you don’t already have one, you’ll need a Portuguese fiscal number (NIF) to complete any property transaction. Both buyers and sellers are required to have this in place.
Take time to define a realistic budget and narrow down your property search. At this stage, it’s also wise to speak with mortgage advisors to understand your financing options, if needed.
With your real estate agent, you’ll submit an offer and negotiate the purchase price. Once agreed, a reservation deposit is usually paid to secure the property while the promissory contract is prepared.
Your lawyer will carry out all necessary legal checks, ensuring there are no issues that could prevent the sale from proceeding. Your real estate agent will coordinate closely throughout this stage.
The Contrato-Promessa de Compra e Venda (CPCV) is a legally binding agreement outlining the terms of the sale. At this point, a deposit is paid, typically starting at 10% of the agreed purchase price.
The process is completed at the notary, where the final deeds are signed, the remaining balance is paid, and the property is registered with the local land registry.
Working with a trusted real estate agent and an experienced local lawyer is strongly recommended. This ensures the process is smooth, transparent, and fully compliant with Portuguese law. If you need help finding a reputable lawyer, we’re always happy to provide recommendations.