In 1986, Portugal had become a part of the European Union and since then the country has recorded stupendous growth consolidating its position as a premier first world nation. Real estates are an emerging market in Portugal. The magnificent locations and the beautiful landscape and added to it pleasant climatic conditions have made property investment a lucrative proposition in Portugal. However, it is often pointed out by experts that in the country the property transaction related laws, rules and regulations are often too complicated too follow and therefore are at times discouraging to investors. This is why the government has devised certain means to aid the individuals in property related transactions. This includes the presence of estate agents who are licensed by the government and act as mediators between the landowners and tenants. Also there are the property solicitors who look after the legal formalities and thus aid thee transactions.

After the conclusion of all the legal formalities and other factors, there are certain credentials which the seller and the purchaser are required to check before signing in the dotted lines. Both should firstly check the validity of the purchaser and seller respectively. For the purchaser it is necessary to re examine and find out whether the land area and account of the property as provided by the seller is authentic. Also important are the particulars about the agent mediating the sale and his conditions. The most important are however, definitely the legalities concluded in the agreement and the various details of the mortgage. The sellers also need to provide proofs of their authenticity in the form of valid passport, Residency Card, income proofs and bank statements and the evidence of mortgage payments. All these factors are put before the notary under whose supervision the final agreement is signed between the two parties.