Buying property in Portugal
There are two main steps to buying property in Portugal: the promissory contract and the final deed. The promissory contact, or contracto de promessa de compra e venda, is a contract between the buyer and the seller, signed in front of the notary. A deposit must be paid by the buyer during this process (typically 10%-25% of the final property price). After the deposit has been paid, the buyer's lawyer conducts searches for encumbrances or outstanding mortgages. The final deed(escritura de compra e venda) is the second step, and is when property ownership is transferred from the seller to the buyer. Once signed, the final contract is sent to the land registry. Of course these steps involve details that required the expertise of a professional.
Check:
- How to Sell your Home at”Highest Possible Price”.
- How to increase the chances of getting “More Offers”.
- How my FREE ”Short Sale Services” can help you.
- How you can”Pay Less” when you buy from a Home Builder. FrankMoham@gmail.com
International Real Estate - Buying property in Portugal.
Global economy refers to the expansion of economies beyond national borders, in particular, the expansion of production by transnational corporations to many countries around the world. The global economy includes the globalization of production, markets, finance, communications, and the labor force. Global competition is effecting on the other economies in several ways. Although the degree of impact might be different based on the complexity of the relationships it still looks like a good idea to be aware of what is going on in the world because it will affect you no matter where you are.
