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Featured Listings Bugau, near Lagos western Algarve 1 beds/1 baths €145,000 Vilamoura 0 beds/1 baths €88,000 |
Introduction to buying a property
in Portugal..
When you have found your property, the Vendor or their legal representative will obtain a certificate (Escritura) from the local Land Registry confirming that the property is available to sell. This document will need to be produced to the Notary at the time of signing the contracts. If the full purchase price is being paid immediately, a purchase contract
will be drawn up by the Vendor's legal representative, covering the
details of the contract, purchase price and date of completion. At the
time of signing the contract, the Purchaser will pay a deposit usually
about 10% of the agreed purchase price. If the purchaser should withdraw
from the contract this deposit will be forfeited, whilst if the vendor
should withdraw they will be obliged to forfeit double the value of
the deposit. Buying Property in Portugal This list has been complied and intended for guidance only. It should not be considered a substitute for individual professional legal advice. Click here for a list of Notary
in Portugal |
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