General Facts about Portugal
Portugal sits on the most western portion of the Iberian Peninsula, adjoined to its north and east with Spain. To the west and south of Portugal is the Atlantic Ocean. There are also two archipelagos in the Atlantic, the Azores and Madeira, which are part of Portugal. The modern area of the Portuguese Republic (the proper name of Portugal) has been inhabited for over 3,000 years.

Portugal joined the European Union in 1986 and since then has maintained a significant level of growth and a stable environment. Agriculture used to be the main industry in the country, but now tourism, oil refineries, automotives, textile and paper industries are some of the top industries. Portugal also leads the world in cork production and their wines, especially Port Wine (named after the Portuguese city Porto), are major exports.

Portugal is a great location to buy property. If you are looking for a retirement destination or just a get-a-way home to use for holidays, Portugal is a great place to land on. The Portuguese people enjoy a relaxed lifestyle. With the deep-rooted history, including music, art and literature, plus a diverse and exciting gastronomy, Portugal is a welcoming country for foreign buyers.

The Property market
Compared to other South European countries, Portugal is known to have some of the highest quality properties on the market. Although it is not common for the Portuguese to buy a property as an investment with the thought of earning money fast, the properties are usually a good value for the money.

Normally the property value in Portugal stays in check with inflation, it’s typically around a 5% increase per year. Like most holiday areas, the more desirable destinations generally have a faster price raise, which is normally shown through higher property prices.

The market in Portugal is stable; again, this means that those who are looking to make a quick profit will be disappointed. But it is not uncommon for foreign buyers to be drawn into the Portuguese market. The country is home to many foreign property owners, Portugal is one of the top holiday-home destinations in Europe. Many home owners become residents in Portugal even.

Initial Steps to Take - Before Buying Property in Portugal
Whenever you are about to make an investment or purchase, such as property, it is very important to do research ahead of time. In the case that you are looking to buy property in a foreign country, this becomes even more important. You will be much more satisfied with your purchase if you take the time to research in which area you would like to be located and know approximately how much you want to spend.

Online you can find an abundance of websites where you can browse though various properties that are for sale. This is a good way to see the different options that are available to you. But it can be highly recommended that you make the trip to Portugal and look at the region or property that you are interested in.

From a legal standpoint, problems can always arise when you are searching for a new or second home, especially abroad. Therefore it is good to bear in mind certain difficulties that can block the process of your purchase. It is very strongly advised that you get in touch with a lawyer who is familiar with the Portuguese laws. You do not want to sign any legal documents or pay any down payment without first being properly advised, especially if it isn’t in your native language.

Information included in this online guide;

- Where and What Property to Buy in Portugal - with information about the most popular areas in Portugal to buy Property.
- Financial Issues - this is a short introduction to the financial elements of buying a property in Portugal including what to be aware of, initial and annual costs and information about how to finance the purchase.
- Legal Matters - an introduction to the most important legal things to be aware of before you sign any contract.