Navigating the Pros and Cons of Buying Off-Plan Property in Portugal: A Comprehensive Guide


The prospect of investing in off-plan properties in Portugal is enticing for many investors. While this can be a profitable venture, especially here, it requires careful consideration and research.

In this article, we will explore the advantages and disadvantages of investing in off-plan apartments in Portugal, along with essential precautions for those considering this investment.

Can You Purchase Off-Plan Property in Portugal?


Foreign investors can comfortably buy off-plan properties in Portugal, even while residing abroad. However, attention to detail, such as obtaining Portuguese documents and opening a Portuguese bank account, is crucial.

How to Purchase Off-Plan Property in Portugal:

The process of buying a house in Portugal is similar to that of most countries, and the main differences are mainly in the required documents and financing from a Portuguese bank. The process involves the following steps:

  • Define your desires and needs.
  • Search for properties, either online or with the help of a real estate agency.
  • Visit model floors, if available.
  • Research the builder’s history and any changes in the neighborhood that could affect property value.
  • Negotiate prices.
  • Sign the contract.
  • Make payments.

Is it Safe to Buy Off-Plan Property in Portugal?

It always carries risks wherever you are, as the building is still under construction. These risks are heightened in a foreign country, where investors may be unfamiliar with the local real estate market and reliable construction companies. However, there are precautions to minimize these risks and ensure a sound investment in Portugal.

Where to Search for Off-Plan Property in Portugal:

During the initial research phase, potential buyers can explore off-plan properties in Portugal on real estate websites such as Idealista, Supercasa, and Casa Sapo. These platforms provide insights into property values in different regions and from various builders. Users can navigate to the “New Construction” or “Under Construction” tabs to explore available options. While these platforms offer a good starting point, it’s essential to research the reputation of the company before finalizing any deals.

Consider Hiring a Real Estate Advisor:

When purchasing an off-plan property, engaging the services of a specialized agency is advisable. Our company, for instance, not only offers real estate consulting but also provides assistance to foreigners in securing financing.

Can You Purchase Off-Plan Property While Abroad?


But you must have a representative in the country. However, close attention to decision-making, thorough research on the construction company, and, if feasible, visiting a model floor are recommended. This approach adds an extra layer of security to a potentially significant investment, preventing financial losses or buyer’s remorse.

Can You Finance Off-Plan Property?


Bank financing for off-plan properties in Portugal operates similarly to financing for completed properties.

A local specialized agency can provide valuable assistance in navigating the financing process, offering consultancy and advisory services for foreign buyers with great success.

Advantages and Disadvantages of Off-Plan Property:

Investing in off-plan property in Portugal comes with its own set of pros and cons. Understanding these factors is crucial for making informed decisions aligned with individual objectives.


  • Price and potential property appreciation due to lower values during the construction phase.
  • Personalization opportunities, allowing buyers to choose finishes, solar orientation, and sometimes parking spaces.
  • Favorable financing conditions specified in the Promissory Purchase and Sale Agreement (CPCV), indicating phased payments as construction progresses.
  • Warranty on new constructions, covering issues such as climate control and construction defects.


  • Risk of the construction not being completed, although this scenario is relatively rare.
  • Potential delays in property delivery, impacting personal plans.
  • The final result may differ from expectations, as the actual property appearance is only revealed upon completion.

To sum it up, investing in an off-plan property in Portugal can be a lucrative venture when approached with careful consideration and a thorough understanding of the associated risks and benefits. By following precautions and seeking professional advice, buyers can navigate this exciting real estate market with confidence and make informed decisions that align with their objectives.

Are you ready for your next best investment?