Buying property in Portugal is a big step, one that requires careful consideration. And if you happen to be an expat, you might not have insider knowledge of the Portuguese property market and state of affairs.
When you’re ready to commit to buying property in Portugal, the first and arguably most important tip is to find a real estate agent who is trained and certified by the Instituto da Construcao e do Imobiliario (IMPIC), a key government body regulating property matters in Portugal.
IMPIC-accredited real estate agents are regulated, meaning it’s easy for you to check the agent’s credentials if you’re being careful or in doubt. To do this, you just need their AMI license number, which is issued by Associacão de Mediadores Imobiliários (AMI), another regulatory body in Portugal.
In addition, make sure to read our detailed article on Portugal property transfer tax in order to know how much tax you’ll have to pay when purchasing real estate in Portugal.
How to check if AMI license is valid
In recent years, Portugal’s real estate industry has boomed to unprecedented proportions. While the growth has been welcomed by many, there are, unfortunately, some illegal real estate agents in operation, with many using online advertising to display themselves as accredited agents.
To protect yourself from financial harm, it is advised to run AMI license checks on your chosen real estate agent.
To do this:
- Visit the IMPIC website and click on the ‘checking out an AMI number’ link
- Input the number and press ‘Pesquisar’ (it means search).
- Study the results- if the agent is registered and their company insurance is displaying their license number will show up.
In the event that the AMI license number is invalid, no results will crop up on the search page. This will enable you to tell that the respective agent isn’t licensed to operate.
Property specialists
Looking to Secure Your Dream Property in Portugal? Get in touch with our real estate division, Goldcrest Real Estate - Portugal´s buyer's agent, to kickstart your property search in Portugal.
As the first buyer’s agent in Portugal, Goldcrest has a clear understanding of the local market and has helped hundreds of people find their ideal property.
Working solely on behalf of the buyer, they secure the best price for you, saving you time and hassle.
What happens if I don’t check the AMI license?
You run the risk of experiencing significant financial losses. All licensed companies in Portugal are legally required to hold special coverage known as Civil Responsibility Insurance. This coverage protects both parties in the event that a problem occurs during the property sale.
If you happen to pick an illegal agent who doesn’t hold such coverage, you significantly increase the risk of financial harm.
Global Citizen Solutions is AMI-accredited
One of Global Citizen Solutions’ founding values is transparency. As such, we are proud to declare that our AMI license number is 17987.
As a boutique consultancy firm with a specialization in property investments, our interest is to, first and foremost, protect our clients, working on their behalf to ensure only the very best property investments are procured legitimately.
If you are considering buying property in Portugal, we strongly encourage you to protect yourself by checking every potential agent’s AMI number through IMPIC. This is to ensure you get only the best service.
If you are looking for more information on buying property in Portugal, check out our useful guide below.
How Can We Help You Find Your Dream Property?
Goldcrest Real Estate is the first buyer’s agent in Portugal, providing you with a tailor-made service to find your ideal property in Portugal. From sourcing to acquisition and aftercare, Goldcrest guides you throughout the buying process.
Here's how Goldcrest stands out in making your property dreams come true:
LOCAL KNOWLEDGE: Goldcrest has offices throughout Portugal, ensuring a strong presence from the mainland to the Azores and Madeira.
INDEPENDENT SERVICE: Goldcrest don’t represent any specific development or project, ensuring their advice remains impartial. By objectively analyzing every opportunity, Goldcrest focuses on maximizing your investment prospects. They partner with various agents, sellers, promoters, and developers, ensuring a broad spectrum of property options. The goal is straightforward: To help you find the best property at the most favorable price, whether you're buying or renting.
STREAMLINED PROCESS: Goldcrest provides a dedicated real estate consultant paired with a top-notch client management system for smooth information exchange. With the aid of advanced technology, like metasearch tools, they guarantee expansive market coverage. Goldcrest's viewing itineraries are tailored to your needs, and they're always ready to assist, be it in-person or on your behalf. When it comes to pricing, they use data-driven analysis to ensure you get the best deal. And, to make your journey smoother, Goldcrest assigns a dedicated onboarding account manager for every client.
ALL-ENCOMPASSING SOLUTION: Navigating financial aspects? Goldcrest is here to guide you through finance options and manage the required documentation. If you need property management solutions or connections to builders, architects, designers, and gardeners, they have you covered. Relocating? Their concierge services are designed to assist in everything, from securing accommodations to handling utility connections.
TRANSPARENCY AND PRIVACY: Goldcrest operates with a commitment to GDPR compliance, ensuring your data is protected. Expect a clear and detailed pricing model without any hidden surprises. Plus, they provide independent due diligence services to ensure every decision you make is informed.
How to buy Property in Portugal Ultimate Guide by Local Experts
Exploring Visa and Immigration Options for Portugal
If you're considering making the move to Portugal, it's essential to be informed about the various visa and residency options available. The Golden Visa Portugal program is an attractive option for many, offering residency to investors and their families. For those eyeing retirement in this beautiful country, the Retirement Visa (D7) is tailored for you. Digital nomads can take advantage of both short and long stay options with the Nomad Visa (D8). Meanwhile, the NHR - Non Habitual Tax regime provides significant tax benefits for new residents.
For the entrepreneurial spirit, Portugal offers the Entrepreneurship/startup Visa (D2) - Start-up Visa (open company) tailored for those looking to establish their businesses in the country. Those with specialized skills can explore the Work visa for highly qualified employees (D3). Additionally, if you have Portuguese ancestry, you might be eligible for Citizenship by descent.
However, moving to a new country isn't just about visas. If you're thinking of buying property, our guide on Buying Property in Portugal can offer invaluable insights. Dive deeper into the immigration process with our comprehensive Portugal immigration guide. For Americans specifically looking to relocate, we have curated information on Americans moving to Portugal. Lastly, one can't forget the importance of the NIF (Tax Registration Number), a crucial step in any relocation process.
Frequently asked questions
What's the AMI license number?
The AMI license number is a number issued by IMPIC, accrediting real estate agents with a license to conduct business in Portugal. Each registered and legitimate real estate agent with own a number.
How to see if a real estate agent has a AMI number?
The real estate agent should have the AMI license number listed in his/her line of communication, including email communication or website page. If in doubt, ask the real estate agent for the AMI number.
How to check the AMI license number is legitimate?
To check the real estate agent is licensed to operate in Portugal, visit the IMPIC website and input the person’s AMI license number. If they’re legitimate, the page will detail the person’s registration and company insurance.
