Guide to buying property in Portugal

‍STEP ONE “PROPERTY RESEARCH“

Together with DRP team clients need to choose the right property according to their requirements. We use our extensive connections within the industry to access suitable investment opportunities ahead of the competition. The Portuguese property market can be highly competitive, so early access is crucial. We find prime properties that are hand-picked from our leading partners, we offer expert advice on the locations most appropriate for your investment requirements, guiding you on how rental yields and capital values vary from area to area.

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STEP TWO “RESERVATION”

Once you have found your dream property in Portugal, the first step is to make a reservation and show your interest to purchase the property. Usually the sellers require a small deposit payment (from 5,000 to 25,000 Euros) to reserve a property and take it out of the market for a brief period (usually around 20-40 days).

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STEP THREE “PROMISSORY”

Once your lawyers has completed all their checks on the property documents, they will give you a detailed report on the property. Additionally will also request a promissory contract from the seller which should have all the important information of the sale of the property; they will send you this together with their comments.

Once everything is agreed, buyer will need to pay a second amount – from 10 to 50% of the final price and the contract is legally registered.

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STEP FOUR “DEEDS”

At this last stage you will finalise your purchase along with payment of the balance, your lawyer will then register the property under your name and you will own the freehold of a property in Portugal.

DRP Advisers is here to make the whole process easy and safe for the clients. Our company works directly with you to provide expert advice on the investment and acquisition of property within Portugal – suitable for your investment requirements.

To find out more, please contact us:

E-Mail: renata@drpadvisers.com

Phone: +44 7393 026055

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