Contact in Portugal
Portugal: +351 308 801 853
UK: 0800 098 8033
US: +1 415 651 8449

Property Buying Costs in Portugal

Aggregate costs can ruin a good plan; accordingly, you should spend time familiarising yourself with the costs related to buying property in Portugal.

While costs are not the only pitfalls when buying property in Portugal, before putting in an offer on a house, it is important to be aware of the aggregate costs of buying a property in Portugal. The costs associated vary  according to the price, location and type of the property. Some taxes that you should be aware of:

IMT – A rate is applied whenever there is a change in the title to the property. This rate can be found in the Portuguese revenue website (Finanças) and there are online simulators for this tax.

The calculation is levied on the greater of the two values: the patrimonial tax value of the property or the value declared in the deed of purchase and sale. For instance, a property in mainland Portugal to be used as the owner’s permanent residence, for the price of €200.000 euros is assessed at €4,912.78. It is important to note that this tax needs to be paid before the deed of purchase and sale is signed.

STAMP DUTY – This is levied at a flat rate of 0.8% of the selling price of the property.

IMI – Annual property tax, calculated based on the rateable value of the property, set by the revenue, to which a rate is applied. Please note the possibility of exemption from IMI, which applies to properties for personal and permanent habitation.

REGISTRATION COSTS – You can choose a lawyer to legally sign and register the deed (Escritura) of the purchase of the house. There is a cost involved to set up and registration of the final deed which varies between €400 to €800.

FISCAL REPRESENTATIVE until such time as you might become resident you will need to arrange a fiscal representative in Portugal in order to ensure that you are informed of tax matters that relate to you.

Being assisted by a local, expert lawyer in English is a good way to ensure a better landing for your conveyance plans in Portugal. Get in touch and make life easier.

You may be interested in the following service...

Client testimonials

"What can I say? Our lawyer has been absolutely fantastic! He is friendly, helpful, knowledgeable and professional and I would highly recommend him to anyone."

Sally Giblenn (Jan 18, 2022)

Property Purchase

Available in the following locations: Aveiro, Castelo Branco, Faro, Lisbon, Portimão, Porto, Viseu.

* If your local town is not listed, a lawyer from our nearest office will be happy to assist you.

Location

1Who is this Service for?

Buying property abroad is a very popular activity but can be fraught with dangers.

Given that the purchase of a property is one of the most important investments that most people will make in their lifetime, it is crucial to be advised by an independent expert.

2What does this service consist of?

  • Review of the purchase contract.
  • Management of negotiations and counter-offers.
  • Verification that the seller is able to pass good title.
  • Registry search to ensure property free of any charges or other mortgages.
  • Ensure outstanding taxes on the property are up-to-date before transfer.
  • Make sure that all items included in the sale (fixtures and fittings etc.).
  • Attendance and assistance when signing the deeds of the property.
  • Management of negotiations and counter-offers
  • In depth information about schools, sports clubs, shops, cultural organisations, etc.
  • Payment of stamp duty.
Support services

3Free Support Services Included

When combined with the free and innovative Advocate Abroad support services you can be sure that you are obtaining completely transparent legal services from registered and regulated English-speaking lawyers abroad.These support services include:

  • Verification of the regulatory status of your professional.
  • Fees as recommended by the Local Professional Body
  • Fees specified in advance and legally guaranteed.
  • Service levels agreed in advance and guaranteed.
  • All professionals must hold professional indemnity insurance.
  • Professionals' proficiency in English monitored.
  • Continuous quality controls and reviews.

Why choose Advocate Abroad?

AdvocateAbroad.com Message
Established more than
10 years ago
Present in 20
European Countries
Over 30,000 client enquiries
successfully managed