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Overseas Property News
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Portuguese notaries no longer a legal requirement
Country: Portugal
5 February 2008 The introduction of a controversial new Portuguese law means that it is no longer a legal necessity to register property transactions of any kind to the notary. Instead it will now be optional. The move comes as part of Portuguese Prime Minister José Sócrates’ attempts to speed up the process of buying property. However, the Portugal’s Order of Notaries has slammed the country’s government for introducing the legislation. Under new Decree 255/93 property contracts or escrituras will soon be able to be carried out by solicitors using certificated documents (documentos autenticados) at Conservatories or Land Registries with solicitors and even chambers of commerce all being legally entitled to carry out the work. The Order of Notaries believe that this new optional process is of high risk because notary legal control will no longer exist, ending strict public registration and archiving of authentic, witnessed contracts and public documents in conditions of complete legal security. Editor’s comment
Many people thinking of buying property in Portugal will welcome the simpler property buying procedure. However, there is a danger that the proposed measure will create some insecurity, which may result in more legal disagreements in the future.
View property for sale in Portugal
Some properties in Portugal
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Price: €320,000
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Type: Apartment
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Bedrooms: 5
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NEW Rent2Buy Solution – Move now into the home of your dreams; buy it within five years – ask for details
This detached five bedroom villa plus a multipurpose room is situated in Minas - Serra, close to the town of Tomar in central Portugal.
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Price: €170,000
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Type: Apartment
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Bedrooms: 1
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Apartment with sea views, located in quiet area of Vilamoura and close to all facilities. It has garage and two storages rooms with enough space to store a Motorbike. Condominium with private garden and swimming pool.<
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Price: €15,000
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Type: Land
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Plot with 1720 sq. metres located in a quiet area some 10 mins. from Matos. Approved project to build a villa with 185 sq. metres covered area. Details of the project can be seen on the photos.
· Gross area for construction: 210 sq.m.
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Price: €25,000
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Type: Cottage
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Bedrooms: 4
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Stone Cottage for rebuilt and plot with 600 sq. meters located in Mourolinho near Ferreira do Zêzere. Approved project to build a villa with 240 sq. meters covered area. Large plot for garden and planting with good views near a small river.220
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Price: €35,000
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Type: Land
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Plot with 1240 sq. metres located in a quiet area near the town of Tomar. Approved project to build a villa with 279 sq. metres covered area. Excellent views above the town Tomar. The property has a well with water.
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Price: €75,000
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Type: Studio
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Studio Apartment completely renovated and transformed into a 1 bedroom apartment, situated in a central area of Vilamoura and near all amenities.<
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Price: €79,000
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Type: Apartment
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Bedrooms: 2
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Two bedroom apartment situated in Quarteira. Equipped kitchen, balcony and storage.<
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Price: €79,000
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Type: Apartment
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Bedrooms: 1
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Apartment situated in the central area of ??Quarteira 150 meters from the beach. Fully renovated, floor, plumbing and kitchen and partially equipped. Comprising lounge, kitchenette, bedroom, bathroom and small balcony.<
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Price: €80,000
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Type: Studio
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Studio situated in a private condominnium with garden, swimming pool and BBQ. In good conditions. Furnished and equipped.
Quiet area near the Falésia beach and Vilamoura Marina
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Price: €83,500
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Type: Apartment
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Bedrooms: 2
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Hall, living room, Kitchen, two bedrooms, two bathrooms and two balconies. Ideal investment for holiday. 2 minutes walking from the beach. Central area.<
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Price: £195,200 Bedrooms: 3 Baths: 3 - 2 ensuite 200sqm open plan living. Polished stone floors. Private balcony, terrace & garage. Sea & garden views. Communal pool.
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Price: €785,000 Bedrooms: 3 Funchal: Luxury, comfort and practicality. extensive external terraces. Access to 18-hole Palheiro Golf course.
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Price: £125,600 Bedrooms: 3 Baths: 2 - 1 ensuite Kitchens with cupboards, hob/oven, fridge/freezer, washing machine, dishwasher. Pool, gardens, tennis courts.
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Prices from: £147,200 Bedrooms: 2 & 3 Off-plan in Fuseta, Olhao. 30 two-bed, two-bath apartments & 20 three-bed, three-bath semi-detached villas.
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Price: €430,000 Bedrooms: 2 Palheiro Estate, Funchal: Spacious, light interiors, extensive external terraces set in landscaped gardens.
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