Buying property in Portugal
If you're considering buying property in Portugal, you will need to consider the services of a currency exchange company very carefully. By working with TorFX to get your international money transfers, you can be sure that you get the best deal going whether you're moving to Porto, Lisbon or the south coast.
Our team of experts can offer a wide range of services to help you get the best exchange rates. Mindful of the troublesome euro exchange rate, TorFX is unlike your bank in that we can fix your chosen rate for two whole years, meaning you can reduce the risk of currency volatility and budget knowing exactly how much you'll receive.
On top of this, we can also offer excellent exchange rates. Combine great rates with savvy market timing and you could save you thousands on your move to Portugal! What's more, when you move or buy property overseas, you don't have to pay a fee with us to make the transaction saving you as much as $50 every time you shift your assets to the country.
We truly understand that you have enough to deal with when moving to buy property in the Mediterranean nation, whether you're moving there yourself or you're purchasing it as part of a rental portfolio. As such, we've made the process as smooth as possible - it takes just two minutes for you to open an account.
Once registered with us, you'll instantly start receiving regular emails on the market changes, and you'll be assigned your very own account manager who will be happy to answer all of your questions and guide you through the currency exchange process. Your account manager will make sure that you are kept up to date, and that you have access to all the information and tools you need to exchange your money at the right time for you.
Buy property overseas with confidence
Make your property purchase a success with TorFX. Enjoy expert support, great exchange rates and zero transfer fees.
Other currency transfer services
Large transfers
Security and strong exchange rates are vital for large transfers. We’ll keep your transfer secure and get you a great rate.
Emigration
Whether you're transferring wages, pensions or savings, we’ll make your move overseas simpler and more secure.
Repatriation of funds
Bringing money back home? We’ll help you time your transfer and maximise what arrives in your account.
Frequently asked questions about buying property overseas
Buying property overseas involves several key steps:
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Research the market. Understand local property laws, costs, and legal requirements.
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Choose a reputable estate agent and legal advisor. Ideally choose experts with experience in international transactions.
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Arrange financing. Decide whether you’ll pay in cash or require a mortgage (local or international).
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Secure the property. Make an offer, pay a deposit, and complete the necessary legal checks and contracts.
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Transfer the funds. Send your payment in the required currency to complete the purchase.
Working with professionals familiar with overseas property transactions can help you avoid common pitfalls and ensure a smooth process.
Yes, when purchasing property in a country with a different currency, you'll need to convert your funds into the local currency to complete the transaction. This is a crucial part of the process, as property payments – such as deposits, legal fees, and final balances – must typically be made in the seller’s local currency.
Working with a trusted foreign exchange provider can help you manage this efficiently, giving you access to competitive rates, expert guidance, and options to protect against exchange rate fluctuations.
Sometimes, but most countries have few if any restrictions on foreign ownership. Occasionally you might need to apply for a special permit, meet residency or visa requirements, or face limits on what type of property you can buy. It’s important to check the rules for your chosen country before you start your search.
Legal systems vary from country to country. You may need a local solicitor, an independent translator, and official documentation in the local language. It’s crucial to get legal advice from professionals with experience in overseas property purchases.
Deposit requirements vary, but expect to pay between 20% and 40% of the property’s value. If you're using a foreign mortgage lender, they may have different expectations than an Australian bank.
International property purchases often take longer than domestic ones. The process tends to take several months, with timeframes depending on the country, local laws, and whether you're financing the purchase with a mortgage.
Yes, once your account is set up, you can track transfers online or in our app. You’ll receive updates at every stage, so you always know what’s happening with your funds.
We’ll get in touch with you straight away if there are any issues, such as the payment bouncing.
Likewise, if you notice anything or have any concerns then get in touch with us. Our team can track the payment if need be.
Currency is our speciality, but many of our experts have a wealth of regional knowledge which they’ll be happy to share.
In addition, our parent company Redpin offers a secure property payment platform where buyers can pay sellers directly, without the need for an intermediary, inconvenient bank visits, or unnecessary fees.
We also try to publish useful content on our blog, including everything from tips on protecting yourself from fraud to articles about buying property overseas.