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庐, ABR, RSPS, TRC


Certified Resort %26amp; 2nd Home Property Specialist


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