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Is buying a house in Portugal a dream? The Complete Guide for Emigrants!

Buying a house in Portugal is the dream of many Portuguese emigrants who, one day, want to return to their home. But will it be possible to apply for a loan to purchase a home in Portuguese territory while abroad?

The answer is yes, it's perfectly viable. However, there are some important things to take into account before taking such a significant step.

As a resident abroad, it's crucial to understand that the house you purchase in Portugal will be considered as a second home or intended for rental. This implies that the minimum down payment for House Loan is 20%, as opposed to the usual 10%.

This requirement may vary depending on the country where you reside, with some nations requiring an even higher down payment.

Besides, You will need to provide evidence of your professional and financial situation both in Portugal and in the country of residence and work. This verification is usually carried out by the Central Bank of your country of residence, which can add an additional level of complexity to the process.

Despite the slightly different rules for emigrants, obtaining credit to buy a house in Portugal is a real possibility. However, it is essential to be informed about the specific requirements and nuances of the process.

At GO Crédito we are available to guide and help you through this process, ensuring that you understand all the steps and options available.

Therefore, if you are considering purchasing a property in Portugal while residing abroad, contact us. We are here to provide all the support and assistance needed to make your dream of owning a home in Portugal a tangible reality!

Go Crédito

GO Crédito is a company specialized in credit intermediation, authorized and supervised by the Bank of Portugal. We provide credit intermediation and consultancy services quickly and effectively.