For many Americans, Portugal has become one of Europe’s most appealing destinations to buy a home. A blend of mild climate, safety, culture and a relaxed way of living has positioned the country as an increasingly popular choice for relocation, retirement or long-term investment.
On the Algarve’s western coastline, the Palmares resort near Lagos embodies the best of this lifestyle — contemporary architecture, sea views, nature and quiet sophistication — making the property-buying journey feel both inspiring and secure.
A Straightforward Process for Foreign Buyers
Portugal allows non-EU citizens to purchase property without restrictions. The legal framework is transparent, well-established and supported by experienced English-speaking professionals in banking, law and real estate.
American buyers typically find the process smoother than expected: clear documentation, predictable timelines and the reassurance of working within a stable property market.
Choosing the Right Location
For many US buyers, quality of life is the deciding factor. The Western Algarve stands out for its balance of natural beauty, cultural authenticity and access to modern services.
In and around Lagos, residents enjoy a vibrant year-round town, excellent restaurants, marinas, healthcare, international communities and easy access to beaches and outdoor activities.
Within this setting, the Palmares resort offers wide landscapes, panoramic sea views and a design-forward environment that elevates the experience of living in the Algarve.
Understanding Costs and Taxes
Buying property in Portugal involves several standard costs that are important to consider:
- IMT (Property Transfer Tax): calculated based on purchase price and property type.
- Stamp Duty: charged at a fixed rate.
- Notary and registration fees: moderate and predictable.
- Annual IMI (Municipal Property Tax): usually lower than in many US states.
- Compared to the US, ongoing property-related expenses — especially maintenance and insurance — tend to be lower.
Financing Options for US Citizens
American citizens can finance a property purchase in Portugal through local Portuguese banks. Many institutions offer mortgages to non-residents, typically requiring:
- proof of income
- bank statements
- credit history
- property valuation
- Interest rates remain competitive, and the approval process is generally clear and structured.
Residency and Long-Term Stays
While buying a property does not automatically grant residency, many Americans combine their purchase with a visa pathway such as the D7 (passive income visa), ideal for retirees or remote workers, or the digital nomad visa.
These visas offer:
- the right to live in Portugal full-time
- family reunification options
- access to public and private healthcare
- the ability to travel freely within the Schengen area
- For many, the property becomes the foundation for a long-term relocation plan.
A Lifestyle Investment
Portugal offers something increasingly rare: an environment where architecture, landscape and wellbeing come together. In locations like the Palmares resort, design is rooted in the surroundings, creating homes that feel both refined and naturally connected to the sea and the hills.
For American buyers looking for a shift in pace — with outdoor living, mild winters and a focus on balance — the Algarve offers an everyday life that feels effortless.
A Thoughtful Move, Made Simple
Buying property abroad can seem daunting, but Portugal stands out for its clarity and welcoming environment. With the right support and the right setting, the process becomes not just feasible, but genuinely enjoyable — the beginning of a new chapter shaped by comfort, nature and design.
FAQs – Buying Property in Portugal as a US Citizen
Can US citizens buy property in Portugal without restrictions?
Yes. Portugal places no restrictions on foreign buyers, including non-EU citizens from the United States.
Do I need to live in Portugal to own a home there?
No. You may own property without residing in the country. Many buyers visit seasonally or use the property for holidays.
Does buying a home grant residency?
Not automatically. However, many Americans pair their purchase with visas such as the D7 or digital nomad visa to remain in Portugal long-term.
Can I get a mortgage from a Portuguese bank?
Yes. Several banks offer financing for non-residents, with competitive conditions and English-speaking support.
Is the property market stable?
Portugal enjoys a historically stable market with strong demand, especially in coastal regions like the Algarve.
Is English widely spoken?
Yes, particularly in the Algarve, where services, healthcare and hospitality sectors commonly operate in English.
