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Buying property

Discussion forum for expats moving to or living in Portugal.
Subforums: Property for Sale/Rent, 2nd Hand Items for Sale/Wanted

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Buying property

Post Posted: Thu Sep 05, 2019 8:29 am

Is it very difficult to buy land or a house in Portugal. I've heard of nightmare cases of people buying in Spain who have lost their property when the Government took land back. Is it easy to lose loads of money in the transaction. I have also heard of people buying property in Spain only to find that all the debts on the house have now passed to them, is it the same in Portugal? Many thanks.

 

rascale
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Re: Buying property

Post Posted: Thu Sep 05, 2019 3:53 pm

As always when buying a property it is necessary to be cautious. Do plenty of research, find a good lawyer, and you should be O.K.
There have been isolated incidents of property being built illegally, when the owner believed he had permission. The lawyer should check if there are any debts, and warn you.
It is generally unwise to use a lawyer suggested by either the seller or the agent.

 

hartmill
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Re: Buying property

Post Posted: Thu Sep 05, 2019 8:24 pm

Thanks for your reply with useful information.

 

rascale
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Re: Buying property

Post Posted: Thu Sep 19, 2019 6:47 pm

Hartmill is spot on with "generally unwise to use a lawyer suggested by either the seller or the agent" in that it makes clear that there are 'variations in standards' depending on who is paying for the sale. If from the UK you will find that a Portuguese lawyer will not do full searches as a routine; for example if buying in rural or forest areas one check to insist on is that the relevant ministry knows that the property even exists and if so, has the correct dimensions. (This is what caused the bulldozing of mainly Brit properties in southern Spain due to Gibraltar)
Additionally there are a variety of other issues such as is the borehole or well registered ? If in the Algarve what is the current depth of the borehole (a neighbour might have dried it up) so you will need to go deeper - as will then he / she. Be aware also that there are un-implimented regulations on properties alongside inland riverbanks; even building or altering may be restricted on the catchment or flood plain if feeding a reservoir.
Alterations to the property you intend buying may not be licensed at the municipal or a neighbour never dared challenge the previous owner for their alterations when they were making say an overlooking window. One of the best we knew of was a landowner being offered some extra land for x thousand by the seller of the original property and land to them. By chance asking another local if this was a sensible price and being told in essence 'Totally crazy as you already own it!'. Shocked

 

Galloping_Tony
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Re: Buying property

Post Posted: Tue Sep 24, 2019 3:25 pm

Thank you.

 

rascale
Regular Poster
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