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Property wanted to buy: Property purchase in Portugal

Posted: Tue Jun 28, 2022 9:56pm
8 replies44 views2 members subscribed
Jazz

Posts: 104

10 helpful points

Location: Lagos

Joined: 29 Sep 2020

Can anyone please tell me of the relatively recent change in regulations which seem to insist that, to buy property in Portugal in populated areas, like Lagos, you must firstly be a Portuguese citizen?

Pat92

Posted: Wed Jun 29, 2022 1:23pm

Posts: 8

2 helpful points

Location: Alvor

Joined: 12 Mar 2022

Posted: Wed Jun 29, 2022 1:23pm

I am unaware of any changes other than to the Golden Visa program which excludes parts of the Algarve and Lisbon. Any nationality can buy but you will need to get a fiscal number (NIF) and open a bank account.

Jazz

Posted: Wed Jun 29, 2022 5:59pm

Jazz

Original Poster

Posts: 104

10 helpful points

Location: Lagos

Joined: 29 Sep 2020

Posted: Wed Jun 29, 2022 5:59pm

Pat92 wrote on Wed Jun 29, 2022 1:23pm:

I am unaware of any changes other than to the Golden Visa program which excludes parts of the Algarve and Lisbon. Any nationality can buy but you will need to get a fiscal number (NIF) and open a bank account.

Many thanks. I'm concluding that I can buy in most parts of Portugal, except parts of the Algarve and Lisbon - and all I'll need is a fiscal number and a bank account.

Pat92

Posted: Wed Jun 29, 2022 7:29pm

Posts: 8

2 helpful points

Location: Alvor

Joined: 12 Mar 2022

Posted: Wed Jun 29, 2022 7:29pm

Jazz wrote on Wed Jun 29, 2022 5:59pm:

Many thanks. I'm concluding that I can buy in most parts of Portugal, except parts of the Algarve and Lisbon - and all I'll need is a fiscal number and a bank account.

If you are purchasing as part of the Golden Visa program then yes.

Jazz

Posted: Wed Jun 29, 2022 10:28pm

Jazz

Original Poster

Posts: 104

10 helpful points

Location: Lagos

Joined: 29 Sep 2020

Posted: Wed Jun 29, 2022 10:28pm

Pat92 wrote on Wed Jun 29, 2022 7:29pm:

If you are purchasing as part of the Golden Visa program then yes.

Sorry to labour this question but am I correct in presuming that I can buy anywhere in Portugal, except Lisbon and populated parts of the Algarve, without a Golden Visa?

Pat92

Posted: Thu Jun 30, 2022 7:15am

Posts: 8

2 helpful points

Location: Alvor

Joined: 12 Mar 2022

Posted: Thu Jun 30, 2022 7:15am

Jazz wrote on Wed Jun 29, 2022 10:28pm:

Sorry to labour this question but am I correct in presuming that I can buy anywhere in Portugal, except Lisbon and populated parts of the Algarve, without a Golden Visa?

You can buy anywhere in Portugal if you are not applying for a Golden Visa - no restrictions but you need a Fiscal number and bank account. Do not confuse the two - all information available if you look for it.

Jazz

Posted: Thu Jun 30, 2022 10:50am

Jazz

Original Poster

Posts: 104

10 helpful points

Location: Lagos

Joined: 29 Sep 2020

Posted: Thu Jun 30, 2022 10:50am

Pat92 wrote on Thu Jun 30, 2022 7:15am:

You can buy anywhere in Portugal if you are not applying for a Golden Visa - no restrictions but you need a Fiscal number and bank account. Do not confuse the two - all information available if you look for it.

Many thanks. In my experience all Portuguese banks charge fees - even for savings accounts with ATM cards. Is this correct?

Pat92

Posted: Thu Jun 30, 2022 10:56am

Posts: 8

2 helpful points

Location: Alvor

Joined: 12 Mar 2022

Posted: Thu Jun 30, 2022 10:56am

Jazz wrote on Thu Jun 30, 2022 10:50am:

Many thanks. In my experience all Portuguese banks charge fees - even for savings accounts with ATM cards. Is this correct?

Yes

Jazz

Posted: Thu Jul 21, 2022 9:58am

Jazz

Original Poster

Posts: 104

10 helpful points

Location: Lagos

Joined: 29 Sep 2020

Posted: Thu Jul 21, 2022 9:58am

Do I remermber seeing a reply from an English-speaking auctioneer in the Messines area?

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