How can I verify if a real estate agent is legitimate in Portugal?

Legitimate real estate agents in Portugal must be licensed by IMPIC (Instituto dos Mercados Públicos, do Imobiliário e da Construção) and display their AMI (Licença de Mediação Imobiliária) number on all marketing materials. You can verify this number on the IMPIC website to confirm the agent is properly licensed.

What should I expect from a viewing with a Portuguese estate agent?

Property viewings in Portugal may be less structured than in some countries. Agents might show multiple properties in succession and may have limited detailed information about each property. Come prepared with specific questions and don't hesitate to request second viewings of properties you're seriously considering.

Is it normal to negotiate the asking price for property in Lisbon?

Yes, negotiation is a normal part of the property buying process in Portugal. The amount of flexibility varies by property and market conditions, but discounts of 5-10% from the asking price are common. Properties that have been on the market for longer typically have more negotiation room.

Real Estate Agent & Seller Issues | Buying Property in Lisbon

Finding trustworthy professionals is crucial when buying property in a foreign country. Understanding how the real estate industry operates in Portugal will help you avoid common pitfalls.

Choosing a Reputable Real Estate Agent

Look for licensed agents (with an AMI number) who are familiar with your target areas and have experience working with international buyers. A good agent should be transparent about their fees, communicate clearly in your language, and prioritize your requirements rather than pushing specific properties.

Visual representation of choosing a reputable real estate agent

Understanding Agency Relationships

In Portugal, agents typically represent the seller and are paid by them (usually 5-7% of the sale price). Unlike some countries, exclusive buyer's agents are uncommon. Be aware that information provided by the seller's agent should be independently verified.

Negotiation Strategies and Practices

Portuguese property negotiations may differ from what you're accustomed to. Initial asking prices often have room for negotiation (typically 5-10%), but this varies by market segment. Demonstrating serious intent, having financing in place, and being prepared to move quickly can strengthen your position.

Key Takeaways

Choosing a Reputable Real Estate Agent: Look for licensed agents (with an AMI number) who are famili...
Understanding Agency Relationships: In Portugal, agents typically represent the seller and are p...
Negotiation Strategies and Practices: Portuguese property negotiations may differ from what you're...

Common Concerns

Misleading advertising and pressure tactics
Non-disclosure of property defects
Language barriers and lack of standardized practices
Transparency issues with fees and negotiations

Expert Tips

"When dealing with real estate agent & seller issues in Portugal, always ensure you have documented evidence of all agreements. The Portuguese system relies heavily on proper documentation and verification."

E

Eduardo Silva

Real Estate Specialist, Lisbon