Yes. United States citizens can buy property in Portugal with no restrictions whatsoever. Americans buy on exactly the same terms as Portuguese nationals or any other foreign buyer, and in recent years they have become one of the largest groups of foreign purchasers in the country.
The process for American buyers
The steps are the same as for any foreign buyer. You will need a Portuguese NIF (tax number), ideally a Portuguese bank account, and — strongly recommended — an independent lawyer to run due diligence. The purchase moves from a promissory contract (CPCV) to the final deed before a notary. Our step-by-step guide walks through it.
Does buying a home let you move to Portugal?
No. Owning property does not grant residency. The Golden Visa real-estate route was removed in October 2023. Americans who want to relocate usually pair their purchase with a D7 visa (for retirees and those with passive income) or a D8 digital nomad visa. For visits, US citizens may stay in the Schengen Area up to 90 days in any 180-day period without a visa.
Your US tax obligations do not disappear
This is the part generic guides skip. The United States taxes its citizens on worldwide income regardless of where they live. Buying a home in Portugal does not, by itself, create a US filing — but you should be aware that:
- If your foreign bank accounts together exceed $10,000 at any point in the year, you must file an FBAR (FinCEN Form 114).
- Higher balances may trigger FATCA reporting (Form 8938).
- Rental income from the property, and any capital gain when you sell, are reportable to the IRS. The US–Portugal tax treaty and foreign tax credits generally prevent the same income being taxed twice.
Work with an accountant experienced in US–Portugal cross-border tax before you buy.
Paying for the property
A strong US dollar has made Portuguese property comparatively attractive for American buyers. For the transfer itself, a currency specialist usually beats high-street bank exchange rates. You will generally need a local account to pay the deposit, taxes and utilities.
What it costs
Budget roughly 6–8% on top of the price for IMT, stamp duty, notary, registration and legal fees. Our IMT calculator gives an exact figure.
Get matched with a licence-verified professional
ExpatPropertyHub connects American buyers with English-speaking, licence-verified estate agents and lawyers across Portugal — free for buyers. Tell us what you need and we will make the introduction.
