Buying Property in Portugal as a Foreigner: 2024 Guide

With its mild climate, captivating landscapes, and deep-rooted culture, Portugal is an ideal location for those contemplating a move abroad. This guide offers a comprehensive overview of the process, benefits, and considerations for buying property in Portugal as a foreigner.

Table of contents

Country overview

Portugal occupies the western strip of the Iberian peninsula and is a member of the European Union, being one of its 27 countries. It is also part of the Eurozone nations.

The country's varied territories include:

  • the mainland;
  • the Madeira and Azores archipelagos in the Atlantic Ocean.

Portugal is organized into 18 districts on the mainland and two autonomous regions, Madeira and Azores, each with its own unique character and autonomy.

With a population of over 10 million people as of 2024, Portugal's rich cultural heritage and varied landscapes make it a fascinating location for investors and those seeking new horizons.

Why invest in Portugal?

Portugal's allure extends beyond its mild climate and scenic views to encompass considerable investment opportunities.

The country boasts more than 1,793 kilometers of coastline (1,114 miles) and enjoys a generous amount of sunshine throughout the year, especially in regions like the Algarve, which is famous for having over 300 days of sunshine per year.

As the fourth most visited country in Europe, Portugal experienced an unprecedented tourism boom in 2023, marking it as the best year for tourism in the country's history. The nation welcomed over 30 million visitors, generating around €25 billion ($26.8b) in tourism revenue (source: Governo de Portugal).

Tourism plays a vital role in the Portuguese economy, contributing to 8.1% of the GDP and having a significant impact on the construction industry.
Portugal houses

Portugal property buying guide

Buy your new home in Portugal as a local with help of our guide. It's a great adventure you can take with us and reveal new sides of Portugal. You cannot know everything, but it's always a good idea to research before diving in.

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