The country of Portugal is located in the south western part of Europe and since its inclusion into the European Union in the year 1986, the country has shown enormous growth and has prospered economically. Real estate is a common financial tool and it refers to any kind of transaction with reference to immovable properties like houses and buildings. The real estate market in Portugal has suitably increased with the passage of time and today is a lucrative market for investment.

If considered in purely economical and financial terms, there can be broadly two major kinds of property. The first refers to movable properties like appliances and objects while immovable properties refer to houses and buildings i.e. any construction above the land surface which cannot be moved.