In case of buying a property in Portugal, it is extremely important for one to keep in mind certain factors which would aid them in the process. First and foremost, it is necessary to appoint a legal advisor who is aware of the pros and cons of the Portuguese laws regarding property. The most prevalent means of buying property is through the brokers or the estate agents or Agente Imobiliaro. This is because these agents are well versed with the properties available in a particular area, its valuation and will be able to provide sound advice and guidance out of their experience. While they do charge a certain amount as commission upon the sale of a particular property, it is always a worthwhile expenditure fro the property owner as he can expect the best advice in the trade. A vital document in these cases is the Escritura or the Deeds Certificate and it is the duty of the legal expert to obtain this certificate which is a proof of the fact that the property is available fro purchasing.

This is followed by negotiations between the prospective buyer and the mortgage provider regarding the conditions of repayment and all these are noted down in the form of a Contrato de Promessa de Compra e Venda or a Contract for Sale and all the necessary decisions undertaken are done in the presence of the lawyer who is to prepare this contract. In case the buyer is no more interested in buying the property, he loses the deposit. If the seller withdraws, because of the terms in the contract he will be forced to reimburse twice the amount taken as deposit. The property tax and the stamp duty tax also have to be paid in time. Before the final submission of documents for land registry, both parties will conclude the Transfer of Title Deeds by means of which the ownership is transferred to the new owner.