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Central Portugal Unveiled: A quick guide for Expats on Residency, VISAs, and Real Estate in the Heart of Lusitânia
Nestled in the heart of Lusitânia, Central Portugal beckons expatriates with its enchanting landscapes, historic charm, and a lifestyle that seamlessly blends tradition with modernity.
As you contemplate making Central Portugal your new home, it's essential to delve into the intricacies of residency, VISAs, and real estate specific to this captivating region. Join us to ensure a seamless transition to the soulful landscapes and vibrant culture of Central Portugal.
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Common pitfalls when buying property in Portugal
There are several potential pitfalls to consider when buying property in Portugal. Here are a few:
- Lack of due diligence: It's important to thoroughly research the property and the surrounding area before making a purchase. This includes obtaining a property report done by a lawyer, after analysing all the existing documents needed for a purchase, highlighting all the potential problems of the property (not enough documents to sell, wrong areas, existence of non-registered buildings, licensing issues, etc..) and checking if there are debts, and any liens or encumbrances.
- Hidden costs: There may be additional costs associated with purchasing property in Portugal, such as property transfer tax, stamp duty, deed and registration costs, and even hidden costs arising from a promissory contract if its not done by your lawyer, or reviewed by it. All of this must go to your budget.
- Poor quality construction: ...
The purchase process is a fairly standard procedure… pitfalls of buying property in Portugal
The purchase process is a fairly standard procedure…
Well, not quite.
One might feel it, but in fact, it's not like that at all.
Although there some similarities there are lot is different things between your home country and Portugal, and not knowing them and safeguarding yourself from them might be a big headache in the future.
One thing is what you see – beautiful piece of land, lovely house, either finished or needing to be restored.
Another is what the paperwork tells about that property.
Some issues you can face are:
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What is a title deed?
Think of it has the end of a journey.
You decide you want to leave your home country and start to find out countries that suite your intentions.
You see recommendations over Portugal, that the country is secure, people are friendly, the rural landscape is beautiful, the sunshine is immense, and you consider that option.
You begin to look for a property, and you find the right one.
Then you want to come over to visit it.
You come and visit it, make contact with the owner or the real estate.
...
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