Diogo Belard Correia clarifies key issues around buying property in Portugal in conversation with This Iberian Life
Diogo Belard Correia was invited to take part in a conversation with the This Iberian Life channel, dedicated to the topic of buying property in Portugal — an area of growing interest among international investors and homebuyers.
In this interview, the Abreu Advogados real estate law specialist explains the home-buying process in Portugal, from the initial administrative steps through to completion and the handover of keys, addressing the main legal aspects that should be considered by anyone looking to invest in or purchase property in the country.
Throughout the conversation, the different stages of acquiring a property are explored, with particular emphasis on the importance of proper preparation before making any offer. Among the first steps, Diogo Belard Correia highlights the need to obtain a Portuguese Tax Identification Number (NIF), an essential requirement to carry out any transaction in Portugal, including opening a bank account and entering into contracts.
The lawyer also underlines the fundamental role of legal support from the outset of the process, particularly in verifying the legal status of the property, reviewing documentation and negotiating contractual terms.
The Portuguese process is also compared with the Spanish one, identifying important differences, notably in contractual structures, typical deposit amounts and the legal consequences of default. These distinctions can have a significant impact on how a transaction is conducted.
Watch the full conversation here.
