As you know, our company Roca Estate specializes in selling new properties. So today we are going to talk about the process of Buying a house under construction. How it goes here in Portugal and what you need to pay attention to 💁🏻‍♀️

So you have found a house or apartment you want to buy, but the construction is not finished and we cannot sign a sales contract. In this situation, the first contract – the contract of intent is very important. Now we note 3 important points to check before you sign the first contract – the contract of intent 👇🏻

1. The first is to check the property and the project in which you want to buy the house. As with any real estate purchase agreement, and this is a large investment, it is always advisable to conduct due diligence – research and analysis of all available information and data regarding the property and the project. – Identification of the builder and his reputation in the market, – identification of construction financing, – documents confirming the possession of the land, as well as a building permit.

2. The second important point is the stage-by-stage payment.
Construction of the project can take years, so usually, the payment of the cost of the property is made in stages during the project.
The moments at which payments must be made should be clearly stated in the contract of intent.

3. also one of the issues that must be included in the contract of intent to purchase is the timing of the final contract of sale and the conditions that must be met for it to be executed.

So I hope this brief but useful information will help you prepare for the purchase of your new home in Portugal 🧡

If you have more questions, ask them in the comments 👇🏻

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