The country of Portugal is located in the south western part of Europe. Since its inclusion as a part of the European Union in the 1980s the country has shown remarkable growth economically and has secured a promising position in the world market. Such positive economic growth has immensely affected the quality of life in the country. Therefore under such conditions, properties are very much in demand.

Certain factors have to be kept in mind while selling a property to ensure that all the legal functions have been attended to in order to avoid any complications later. Some of these factors include-

• Ensuring that the Council Tax rates are updated and all the service charges (in cases they are required) have been paid.
• Appointing a legal advisor or property solicitor to look after the legal formalities and an estate agent licensed by the government to ensure swift property transaction.
• The estate agent arranges a surveyor and evaluation agent to aid the customers and determining the kind of prices that can be settled for the property.
• An important part of property transactions is by means of advertising the property that is to be sold by publicity through national newspapers and other media.
• The Contract of Sale which is agreement required to be signed by the purchaser and the seller and the buyer also has to pay a certain amount as deposit, ranging between 10% to 12% of the purchase price. Once the contract is signed, both parties have to conform to the legal functions concluded in it.
• The Escritura Publica de Compra e Venda which has to be concluded by both sides and submitted at the Land Registry office.

After about a month since the Contract of Sale has been signed, the contracts are exchanged between the buyer and the seller of the property.