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Expats Everywhere January 18, 2025 12m

2025 Is Your Best Chance to Buy Property in Portugal?

Summary

The transcript discusses the process of obtaining a mortgage in Portugal for foreign buyers, focusing on the documentary requirements, eligibility criteria, and key considerations for non-Portuguese residents. The mortgage broker explains that foreigners can access Portuguese mortgages without being residents, and will need to provide documents like passports, bank statements, income tax returns, and employment verification. The key practical takeaway is that non-Portuguese buyers can secure mortgages up to 80% loan-to-value, with age limits capped at 75 years old, and must demonstrate financial stability and ability to repay the loan.

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