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.
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.
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.