When were the first non resident mortgages offered in portugal?
Wow. Great question, and one that I must admit I am unable to answer precisely.
Portugal has become quite diversified and has fostered a service-based economy since joining the European Community in 1986. Since then, successive governments have privatized many state-controlled firms and liberalized key areas of the economy – including the financial sector.
Portugal qualified for the European Monetary Union (EMU) in 1998 and began circulating the euro at the beginning of 2002.
I suspect the first non-resident mortgages became available shortly thereafter, but please don’t quote me on that…
Sorry to have not had a precise answer for you.
Best,
A.J. (Tony) Montoya REALTOR®, ABR, RSPS, TRC
Certified Resort & 2nd Home Property Specialist
Accredited Buyer’s Representative
Transnational Referral Certified Broker
Broker/CEO – CabinQuest, Inc.
Wow. Great question, and one that I must admit I am unable to answer precisely.
Portugal has become quite diversified and has fostered a service-based economy since joining the European Community in 1986. Since then, successive governments have privatized many state-controlled firms and liberalized key areas of the economy – including the financial sector.
Portugal qualified for the European Monetary Union (EMU) in 1998 and began circulating the euro at the beginning of 2002.
I suspect the first non-resident mortgages became available shortly thereafter, but please don’t quote me on that…
Sorry to have not had a precise answer for you.
Best,
A.J. (Tony) Montoya REALTOR®, ABR, RSPS, TRC
Certified Resort & 2nd Home Property Specialist
Accredited Buyer’s Representative
Transnational Referral Certified Broker
Broker/CEO – CabinQuest, Inc.
References :
http://www.cabinquest.com