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Frequently Asked Questions
Answers to the most common questions about buying property in Portugal.
Can foreigners buy property in Portugal?
Yes, Portugal has no restrictions on foreigners buying property. International buyers, including non-EU citizens, can purchase real estate with the same rights as Portuguese citizens.
What are the main costs associated with buying property in Portugal?
In addition to the property price, buyers should consider:
- IMT (Property Transfer Tax) – varies between 0% and 8%
- Stamp Duty – 0.8% of the purchase price
- Notary and Registration Fees – around €1,000-€2,000
- Legal Fees (optional but recommended) – 1% to 2% of the property value
Can I get a mortgage in Portugal as a foreigner?
Yes, non-residents can apply for a mortgage in Portugal. Banks typically finance up to 80% of the property value, with loan terms up to 30 years. Having proof of income and a good credit history helps secure financing.
What is the Golden Visa program, and can I qualify by buying a property?
The Golden Visa allowed non-EU investors to obtain residency by purchasing property worth at least €500,000 (or €280,000 in low-density areas). However, as of 2023, residential property in Lisbon, Porto, and coastal areas no longer qualifies. Always check for updated rules.
What are the legal steps to buying a property in Portugal?
- Get a Portuguese NIF (Tax Identification Number)
- Open a Portuguese bank account
- Sign the Promissory Contract (CPCV) and pay a deposit (usually 10%-30%)
- Complete Due Diligence (legal verification of the property)
- Sign the Final Deed (Escritura) and Register the Property
What taxes apply after purchasing a property in Portugal?
- IMI (Municipal Property Tax) – 0.3% to 0.8% annually, depending on location
- Rental Income Tax – 28% (if you rent out your property)
- Capital Gains Tax – 28% for non-residents when selling