Regional Information - Foreign Ownership > Portugal, Europe

Feature Island

Regional Information

From the sun-drenched western coast to the thriving metropolis of Lisbon, the historic and beautiful country of Portugal is truly one of Europe's undiscovered gems. Gorgeous sandy beaches and chic resort towns are found in the southern portion of the country, which has a warm Mediterranean climate that ranks among the most favorable in Europe. Scattered along the Atlantic coast are the Azores and Madeira archipelagos, with rocky, red-stone islands and sweeping unspoiled landscapes. With a rare combination of rich culture, a perfect climate and picturesque scenery, Portugal is a sought-after but exceedingly rare location for private islands.

Portugal, Europe

Foreign Ownership of Islands in Portugal, Europe

Portugal has no restrictions on foreign property ownership, and enjoys one of the most straight-forward purchase processes in Europe. After a local lawyer performs a title check, a promissory contract is created and obligates both parties to complete the transaction. A deposit is made by the purchaser, and the transaction is completed with an executed Dead of Purchase and Sale. This process takes a relatively quick 83 days to complete. Transaction costs, including taxes, realtor fees and legal fees, range from about 5.6% to 16%, and are split between the buyer and seller.

Regional Statistics for Portugal, Europe

Location:: the Atlantic Coast of Southwestern Europe, on the Iberian Peninsula
Population:: 10,848,700
Languages:: Portuguese (official), Spanish, English
Capital:: Lisbon
Currency:: Euro
Climate:: Ranging from temperate and wet in the North to Mediterranean and warm in the South, with sub-tropical zones in the oceanic
Azores.
Temperature Range:: 3-28 degrees
Terrain:: Mountaneous in the North, with rolling fertile plains in the interior, and a rocky coastline with sandy beaches in the South.
Natural Hazards:: occasional droughts, the Atlantic archipelagos may experience future volcanic activity