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Portuguese Property And Real Estate
For Sale Guide

 

 

 

Portuguese Property For Sale

Population: 10m

Currency: Euro
    
Exchange Rate: Click here for exchange rate details

Capital Gains Tax: Should your property be held through an offshore company no change of ownership will be recognised by the Portuguese authorities and any applicable rate of capital gains tax will be avoided. Otherwise Capital Gains will be a maximum of 24% on property bought since 1989.

There are no Restrictions for Foreign Ownership.

Property and Real Estate Prices in Portugal
Range Varies, for example.
From around £20,000 / $30,000 for older inland properties usually in need of renovation.
From around £35,000 / $50,000 for small apartments.
From £60,000 / $87,500 for larger apartments.
Villas will generally cost from £80,000 / $115,000.
Golf complex property will be more expensive with luxury villas approaching £200,000 / $300,000 and beyond.

Locations to buy property and real estate in Portugal
It is usually more expensive to buy real estate in coastal resorts of Portugal with the Algarve, in the South being the most popular with choices of purpose built complexes which always have a wide appeal for holiday homes and rentals. You will find the property prices are generally slightly higher than in Spain.

Living Costs in Portugal
Portugal is becoming more expensive to live although general goods are cheaper than in other EU countries but some luxury and imported goods are quite expensive.

Buying real estate and property in Portugal
When you have found your property, the Vendor or their legal representative will obtain a certificate (Escritura) from the local Land Registry confirming that the property is available to sell. This document will need to be produced to the Notary at the time of signing the contracts.

If the full purchase price is being paid immediately, a purchase contract will be drawn up by the Vendor's legal representative, covering the details of the contract, purchase price and date of completion. At the time of signing the contract, the Purchaser will pay a deposit usually about 10% of the agreed purchase price. If the purchaser should withdraw from the contract this deposit will be forfeited, whilst if the vendor should withdraw they will be obliged to forfeit double the value of the deposit.

Solicitor / Lawyer

The conveyancing (Escritura) will check that any searches and other legal requirements have been carried out, funds prepared and that both parties can agree a completion time. The transfer of title will then be prepared and will be signed by both parties or by their solicitors/lawyers, in the presence of a notary. The balance of the purchase money can then be handed over. The contract will be retained by the notary and a copy registered with Public Records. You will then have to arrange for registration with the Land Registry which ensures your proof of legal ownership and the Inland Revenue will also be notified for your property and rating taxes. Prior to buying your property you should apply for a tax number.

Fees

This will usually be a total of about 15% of the purchase price, slightly less for countryside property. The costs include Solicitor/Notary fees, Stamp Duty and Transfer Tax (SISA ) when buying real estate in Portugal.

Property Tax

Property Transfer Tax (SISA), is payable when the registered owner of the property changes in Portugal. However, if buying through an offshore company, you will not have to change the name of the registered owner of the property and avoid the tax, making the purchase more attractive to a another buyer with a higher realised sale price. Over 1% per year will be paid for services, this is known as a municipal tax.

Mortgages

You can borrow against property from a Portuguese financial institution although it can be difficult should it be for a second home by other non-Portuguese nationals. If the property is being purchased through a Gibraltar offshore company you could use a bank based there who would generally advance up to one half of the purchase price, subject to status. These mortgages can usually be arranged in most of the major currencies over terms up to a possible maximum of 20 years.

For more information on buying property in Portugal, please visit the Portuguese Governments website:

www.min-nestrangeiros.pt

Our guide will not cover all the legal and full financial information for your Real Estate purchase but should enable you to get an idea of the financial involvement.

Portuguese Embassy
British Embassy Lisbon
Rua Sao Bernado 33
Lisboa 1249-082
Tel: +351 21392 4000
Fax: +351 21392 4185

Email:
ppa@lisbon.mail.fco.gov.uk

Embassy of Portugal
Residence and Chancery
2125 Kalorama Road, NW
Washington, DC 20008
Tel: (202) 328-8610
Fax:
   (202) 462-3726
   (202) 518-3694

Email:
  
embportwash@mindspring.com
  
embport@mindspring.com

 

 

 

 

 

Portuguese Property For Sale

Location

Price

Bedroom

Type

 

Palmela
Parque Natural de Arribida
Portugal

€365,000

3

Detached country house and land

Portugal Property For Sale

Bela Praia de Altura,
Altura
Algarve
Portugal

€265,000

4

Under Construction Semi Detached House

Algarve House Bela Praia de Altura, Altura, Algarve, Portugal

Raposeiras
Algarve
Portugal

€920,000

6

Large Detached Villa Pool Sea Views

Algarve Villa For Sale Sea Views Furnished, 6 Bedrooms, Own Pool

Moncao
Portugal

€800,000

6

Large Waterfront Villa Portugal / Spain

Alvor
Algarve
Portugal

€800,000

5

Villa and Impressive Pool

Sagres
Portugal

€595,000

3

Furnished Villa + Pool

Almancil Portugal

€1,150,000

5

Farmhouse + 8700sqm Land

Lagos
Portugal

€775,000

4

Detached House + Pool

Tavira
Algarve
Portugal

€320,000

2

Cottage + Pool

Obidos
Portugal

£260,000

2

Duplex House On Designer Resort

Between Vaqueiros and Martim Longo
Alcoutim Portugal

£100,000

 

26.1 acres Land With Ruin

Santa Catarina Tavira
Portugal

€450,000

3

Large Villa
+ Pool

Tavira
Algarve
Portugal

£350,000

4

Villa
Pool
Bowls Green

Vidigueira Alentejo Portugal

€700,000

 

Farm Land + Building Plot

Minho
Portugal

€500,000

5

Farm

Caldas de Monchique Algarve
Portugal

POA

5

Luxury 5 Bed Home + Pool

Lagoa de Albufeira Portugal

€150,000

2

Villa

Salema
Algarve
Portugal

€440,000

4

4 bed House

Galamares
Sintra
Portugal

€390,000

2

Part Furnished Detached House

Nr Quinta do Lago
Algarve
Portugal

£595,000

4

Furnished Villa With Pool

Ferragudo Algarve
Portugal

£795, 000

16

Detached Holiday Home.Future Development Potential

Varzea de Sintra Lisbon
Portugal

Please Email

8

Large Villa + Pool + Part Renovated Stable

Guia
Albufeira
Algarve
Portugal

€850,000

 5

Luxury Villa + Pool

Portuguese Property For Sale Guia Albufeira Algarve Portugal 5 Bed Luxury Villa + Pool

Torgal
Portugal

£100,000 (GBP)

3

House +  Workshop

Portim„o
Algarve
Portugal

€350,000

3

2 Commercial units + House

Lapela
Moncao
Portugal

€588,000

3

Detached House + 2 Acres Land With Vineyard

Ansiao
Portugal

€75,000

3

Traditional Stone Cottage

Portalegre
Portugal

€98,000

 

House +
Perma
culture
Plot

Mira De Aire
Nr Lisbon
Portugal

€200,000

5

Villa

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