U C HOMES

  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...

In the Portuguese real estate market, there is a common misconception among buyers: the idea that the presence of a  buyer's specialist  (or  buyer's agent ) increases the cost of the property. In reality, this is a myth that needs clarification. How Do Real Estate Commissions Work? In traditional real estate transactions, the commission paid for brokerage services is, in most cases, covered by the  seller , not the buyer. This commission is pre-agreed between the seller and the real estate agency representing the property. What many people don't realize is that within this commission structure,  there are usually two agents involved : The listing agent  – Represents the seller and promotes the property in the market. The buyer's agent  – Works directly with the buyer, helping them find the best option and negotiating the most favorable terms. Rather than increasing costs, the presence of a buyer's agent means that the total commission agreed with the ...