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Buying property in Portugal

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  • Buying property in Portugal

    Buying a property abroad can be a daunting prospect. You may not know the language, the laws or who to trust. The key most important element in purchasing a property in Portugal is to be informed. gekkoportugal.com tries to provide as much information as possible to help you make informed decisions. The buying process in Portugal is relatively straightforward and follows a set procedure. From start to finish the whole process usually takes anything up to five months, though this may vary depending upon the number of persons involved and whether all the necessary paperwork is in order and how quickly you wish to proceed.

    There are many subtle differences in buying a property in Portugal from the United Kingdom. The most noticeable difference is all estate agents in Portugal (agentes Imobiliarios) have to be registered and licensed.
    Although there are a vast number of websites advertising property for sale in central Portugal and the rest of the country, unless they are licensed and registered it is illegal for them to either show or negotiate a sale.
    You can easily identify a registered estate agents' website by the AMI number displayed. Don't be fooled into thinking they are licensed and legally able to sell properties in Portugal just because they have 'Real Estate' or 'Estate Agent' in their website details. Although it may be tempting to view and even purchase properties through these advertisers, the Portuguese property market is rife with potential pitfalls and it is wise to deal only with registered, trained professionals, whom are up to date with the latest property laws After all you wouldn't entrust your health to someone who had merely been to a hospital before, so don't risk your wealth in the same manner.

    Read More.....
    How to Buy a Property in Portugal
    A guide to buying property in Portugal
    INCI Estate Agents, AMI 7856