Buying process

Buying off-plan houses, or houses that have not begun construction yet, is a form of property acquisition that is in fashion in Portugal.

Buying a property in Portugal - be it a flat, a house, a farm, or a plot of land - is a rather complex process and implies compliance with several legal requirements.

In order to be able to buy a house, one of the most common routes both for many Portuguese and expats is a mortgage loan. Banks are increasingly willing to finance the purchase of homes, interest rates are falling, and savings are on the rise.

The exchange of real estate, also known as a house swap, has been gaining more and more importance in the real estate market in Portugal, where this process is called "permuta".

Starting a new life in Portugal and buying property should be an exciting experience but in many cases, expat buyers find the process can be overwhelming and complicated.

With the increase in teleworking as a result of the coronavirus pandemic, the number of people interested in moving to Portugal in search of a better climate and lifestyle has increased. As a result, there has also been an increase in requests for housing loans for non-residents in Portugal.

Even though Portugal is still in the midst of the coronavirus pandemic crisis, banks continue to be willing to finance house purchases, and along with low interest rates, now could be the perfect time to buy a property and take out a mortgage in Portugal.

What is a mortgage "spread" and what impact does it have on the monthly installments paid to the bank each month in Portugal? The term, mortgage spread, basically refers to the profit the bank obtains by lending you money, normally when you have a variable-rate or mixed mortgage.

A difficult 2020 caused by the coronavirus pandemic across the world has meant that many people are longing for a significant lifestyle change, and the beginning of a new year is the perfect moment to start afresh.

The economic crisis that has been unleashed by the COVID-19 pandemic will have a lasting effect on the real estate market, with a general fall in house prices expected to be seen across Europe as early as 2021, Portugal included.

More than ever, comfortable houses are one of the most important aspects of life and, after months of lockdown at home, smart houses with home automation systems are the dream of those who want to have life made easier in a technological way.

Buying a house is a decision of great responsibility, and especially if you have decided to buy property abroad in Portugal for the first time.