The process of purchasing of real estate in Portugal consists of two parts: signings the contract which reserves the real estate for the Buyer and the final agreement signing.

At signing the contract reserving the real estate for the buyer the buyer should pay from 10% up to 25% from the total cost of the object. The seller on signing the contract is obliged to remove the object from sale. After that, notary checks the object of the real estate on “clearness”. Process of check can take from 3 to 6 months. If the buyer during this time decides to refuse purchase he cannot receive his advance money back. If the seller refuses sale, according to the legislation, he is obliged to compensate the buyer the sum which is twice bigger than the advance payment. Before signing the final contract the buyer should pay the tax to transfer the property – the fixed percent from actual cost of the real estate:

Up to 80.000 euros - 0 %,

Up to 110.000 euros - 2 %,

Up to 150.000 euros - 5 %, Read more

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