Over the last few years, Portugal has gained international recognition as being one of the most crypto-friendly countries in the world, with many investors quickly getting up to speed with the attractive crypto policies that the country offers. A current hot topic is buying property in Portugal with crypto. With new rules concerning the topic recently coming into force in April 2022, this means that the purchase and sale of property using crypto in Portugal will now have a clear set of instructions and procedures for the first time.
The initiative is from the Order of Notaries (ON), the official notary officers who carry out the property deeds. Due to the lack of specific national legislation on buying property in Portugal with crypto, the ON has created its own standardization to streamline the process and, all in all, to create much more clarity for investors seeking to invest in the real estate market with crypto.
In this article, we’ll cut through any confusion, to provide you with the key information that you’ll need to be aware of when considering the new rules and regulations on buying property in Portugal with crypto that came into force in April this year.