Legal counsel essential for investors

As with any overseas market, it is essential that you get sound legal and financial advice when buying in Portugal.

22nd April, 2006

As with any overseas market, it is essential that you get sound legal and financial advice when buying in Portugal. A fully qualified solicitor will charge conveyancing fees of between 1 and 3 per cent of the value of the property; the total costs involved in the overall transaction will usually come to about 15 per cent of the purchase price, slightly less for countryside property.

These costs include solicitor and notary fees, stamp duty, and transfer tax,...

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