Not long ago, the idea of owning a home in a foreign country was beyond the reach of most people. Fortunately, things have changed a great deal in recent years, with Europeans becoming more prosperous and interest rates settling at affordable levels. These days, owning a property abroad is a realistic and affordable option, as well as a sensible financial investment.
Worried about an uncertain stock market, mis managed pensions or an over-heated buy-to-let market, many people are now willing to channel their home equity and inheritance capitals towards investments that they feel will enrich their lifestyles. In a country like Portugal, which offers a pleasant year-round climate, security and a reasonable cost of living, people are finding that enjoying the good life is simpler here.

Please note that this information is intended as an introductory guide to the general process of buying a new home in Portugal. It explains some of the commonly used terminology, as well as outlining the obligations of owning a home in Portugal. If you decide to buy a property in Portugal, we strongly recommend that you consult a Portuguese lawyer, as the legal system in Portugal is different to that of your country of residence. Your local lawyer will be able to carry out the necessary checks and enquiries and, where necessary, possess your power of attorney to enable the whole buying process to run smoothly and more efficiently.
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