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Mortgaging in Portugal: A Guide for Foreign and Non-Resident Buyers

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  Buying property in Portugal through financing is possible for both residents and non-residents, but mortgage conditions vary depending on nationality, residency status, and banking policies. Below is an overview of what to expect based on different buyer profiles. 1. Portuguese Citizens Residing Abroad (Non-Residents) Portuguese nationals who live outside Portugal but want to purchase property in the country have access to local mortgages under special conditions. Banks often classify them as non-resident buyers , meaning: ✅ Loan-to-Value (LTV): Up to 70%-80% of the property’s appraised value or purchase price (whichever is lower). ✅ Interest Rates: Generally similar to resident rates, but can be slightly higher. ✅ Income Assessment: Global income is considered, but some banks may apply currency conversion risks for non-EUR earnings. ✅ Required Documents: Proof of income, tax returns, Portuguese tax number (NIF), and credit history from the country of residence. 💡 Tip: If you h...

Housing in Portugal: The Problem Requires Multiple Solutions * Habitação em Portugal - Housing in Portugal

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  Economist Pedro Brinca argues that Portugal's housing crisis has no single solution. Action is needed on multiple fronts: reducing construction costs and bureaucracy, creating incentives for renting, and investing in transport to decentralize housing supply. Construction has not kept up with demand, driving prices higher. Additionally, many policies encourage home buying without ensuring more housing supply, worsening the issue. Brinca stresses that improving the economic environment is key to making housing more affordable. As for the future, prices are expected to keep rising unless conditions are created for increased construction and greater confidence in the rental market. source - https://www.idealista.pt/news/imobiliario/habitacao/2025/02/05/67918-da-construcao-a-mobilidade-habitacao-precisa-de-abordagem-holistica https://youtu.be/4LCTHmyLRnkHabitação em Portugal: Problema exige várias soluções O economista Pedro Brinca defende que a crise da habitação em Portugal não tem ...