BUYING & SELLING IN THE ALGARVE
Over the last decade there have been a number of changes in Portugal regarding property purchase. Unlike many other countries, there are no restrictions in Portugal for foreigners who want to buy property, and buyers can choose whether to buy in their own name or through a Portuguese company.
The Land Registry is now very reliable, so a local lawyer can quickly and easily verify the credentials and essential details of the property in question, to ensure you buy what you see.
The most important point when deciding to buy a holiday home is to ensure that the developer or estate agent is serious, financially sound and has a good reputation. Because the Algarve is in many ways a small community, a good local lawyer will be able to identify the most reputable developers or estate agents for you - and those to watch out for!
New building regulations are up to European standards and set strict criteria for insulation, double glazing and so on. Local authorities are now much stricter on all aspects of construction, ensuring that regulations are met.
