So, like us, you’ve fallen in love with Portugal—and don’t know where to start. Well, you’re in luck. We’ve lived it, and we’ve done the legwork so you don’t have to. What follows is a high-level overview of the process. If you find it helpful, we’d love to support you through your entire journey with our trusted partners who can make this journey so much smoother.
Visa or No Visa?
You do NOT need a visa to buy property in Portugal. However, if you plan to live here for more than 183 days per year, you’ll need one to maintain legal residency. The most common options are the D7 Passive Income Visa and the Golden Visa—each with its own requirements and perks.
Step-by-Step Overview:
1. Choose Your Visa (if applicable): Golden Visa, D7, or other residency pathway.
2. Get a NIF & Open a Portuguese Bank Account: You’ll need a local fiscal number (NIF) to do almost anything—from buying a house to signing up for utilities.
3. Find a Dependable Buyer’s Agent: There is no MLS in Portugal. Properties are often listed by multiple agents, with little coordination between them. A buyer’s agent represents YOU, navigates this fragmented market, and ensures you’re not overpaying or missing crucial details.
4. Renting vs. Buying: Renting first is a solid approach to get familiar with an area before committing. However, if you’re ready to buy, know your rights and responsibilities.
5. STR vs. LTR? Know the Rules: If you plan to rent your property, know the difference between short-term rentals (Alojamento Local or “AL”) and long-term rentals. STR licenses are no longer transferable, and many municipalities have new restrictions or bans in certain zones.
6. Get Health Insurance: You’ll need private insurance to apply for most visas, and later you can access the public system (SNS).
7. Sort Utilities & Paperwork: Things take time here. Expect delays. Be patient—and hire someone who knows how to push things through.
8. Learn Some Portuguese: Most people in the coastal cities speak English, but learning the basics will open doors and hearts.
9. Embrace the Pace: Portugal has its own rhythm. Things are slower. It’s part of the charm.
10. Practice: “Um café e um pastel de nata, por favor.” Trust us, it’ll come in handy.