Purchasing Silver Coast Property Portugal is a project that requires careful planning. There are no restrictions on foreigners buying Property in Portugal. The Portuguese government encourages foreigners to invest in real estate through the Portugal Golden Visa program.
While all of the above is interesting, the first step in purchasing real estate in Silver Coast, Portugal, is to research and select your investment. So, just like any other investment or business, you must find out about the type of house you desire. This decision will be influenced by the region as well as your budget.
You will then need to get the paperwork to change the deed to your name. You must have a legal identification document, a valid passport with all personal information, and a Tax Identification Number (NIF Number). Finally, you must provide proof of income from your home country.
Next it’s time to visit the properties for sale on the Silver Coast and choose based on your preferences. You must do this because you understand what is best for you. You can also have legal representatives visit potential properties; nothing beats the peace of mind that comes from personal verification.
Settle your documents in Portugal. Process a few more papers before completing the process. Documents such as the Housing Technical File, the Certificate of Land Registry, the License of Use, and the Building Book are required by Portuguese government regulations.
Last but not least, transfer the payment and sign the deed. After you’ve completed the paperwork and paid relevant fees, all that remains is to move the deed to your name. While the entire process can take 8-16weeks, the wait is well worth the improved quality of life you’ll enjoy once you settle on the Silver Coast.