Portugal 🇵🇹
Benefit from Portugal's attractive Golden Visa program and invest in a growing market.
Featured Properties
Lisbon
Porto
Coimbra
Overview
Benefit from Portugal's attractive Golden Visa program.
Laws & Regulations
- Non-residents can purchase property without restrictions
- Golden Visa program for investments over €500,000
- Non-Habitual Resident tax regime available
Investment Programs
- Golden Visa program for residency through investment
- Non-Habitual Resident tax regime for new residents
Resident
stamp Duty
Purchase Tax (Imposto Municipal sobre Transmissões Onerosas de Imóveis - IMT)
Rates:
- Up to €92,092: 1%
- €92,092 - €126,403: 2%
- €126,403 - €172,348: 5%
- €172,348 - €287,213: 7%
- Over €287,213: 8%
capital Gains Tax
Sale Tax (Imposto sobre o Rendimento das Pessoas Singulares - IRS)
Rates:
- Rate: 28%
rental Income Tax
Rental Income Tax (Imposto sobre o Rendimento das Pessoas Singulares - IRS)
Rates:
- Rate: 28%
property Tax
Property Tax (annual) (Imposto Municipal sobre Imóveis - IMI)
Rates:
From 0.3% to 0.8% of the property's cadastral value
Non-Resident
stamp Duty
Purchase Tax (IMT) for non-residents
Additional Rate: Same rates as for residents (1% - 8%)
capital Gains Tax
Sale Tax (IRS) for non-residents
Rates: 28% on capital gains
Reporting Period: Declaration must be filed
rental Income Tax
Rental Income Tax (IRS) for non-residents
Rates: 28% on rental income
Additional Requirements: Additional reporting may be required
property Tax
Property Tax (IMI) for non-residents
Rates: From 0.3% to 0.8% of the property's cadastral value
Mortgage conditions in Portugal:
Average Rates:
2 Year Fixed: 2.0% - 3.5%
5 Year Fixed: 2.5% - 4.0%
Deposit:
Usually requires a down payment of 20% to 30% of the property value
Title Issues
It is necessary to check the legal status of the property and the presence of encumbrances
Estimated Cost: €300 - €1,000 for legal verification
Hidden Defects
There are cases where incomplete or incorrect real estate transactions require lengthy legal procedures
Inspection Cost: It is recommended to hire an experienced lawyer for a full inspection
Eviction of illegal tenants can take 6 to 12 months
Estimated Legal Costs: €1,500 - €5,000
Resident
interest Rates
Mortgage interest rates for residents in Portugal as of 2024 range from 2% to 3.5% per annum. Rates depend on the type of loan and duration. Interest rates may vary based on market conditions and bank terms.
Range: 2% to 3.5%
Source: Banco de Portugal - Taxas de Juro
down Payment
The minimum down payment for residents is typically 20%-30% of the property value. Some banks may offer financing up to 80%, but this usually comes with higher interest rates.
Range: 20% to 30%
Source: Caixa Geral de Depósitos - Préstamos
mortgage Term
The standard mortgage term for residents is usually 20-30 years. Some banks may offer longer terms, but this increases the total amount of loan payments.
Range: 20 to 30 years
Source: Millennium BCP - Condições de Crédito Habitação
documentation
To obtain a mortgage, you need to provide various documents, including tax returns, bank statements for the last 6 months, and proof of employment. Mortgage rejections often occur due to incomplete documentation.
Source: Banco BPI - Crédito à Habitação
casestudy
In 2022, a client faced issues due to incorrect property valuation, leading to a mortgage rejection and a loss of €5,000 on the initial deposit. This highlights the importance of thorough preparation and consulting professionals for proper valuation.
Source: Jornal de Negócios - Erros comuns na compra de imóveis
Non-Resident
interest Rates
Non-residents may face higher mortgage interest rates, ranging from 3% to 4.5% per annum. This is due to increased risks for banks when lending to non-residents.
Range: 3% to 4.5%
Source: Sapo - Financiamento para Não-Residentes
down Payment
Non-residents are required to make a down payment of 30% to 40% of the property value. Many banks finance only up to 60%-70% of the total amount.
Range: 30% to 40%
Source: Deutsche Bank - Crédito para Não-Residentes
taxation
Non-residents, like residents, must pay capital gains tax when selling property, which is 28% on capital gains. It's important to remember that tax deductions may be possible depending on the length of ownership.
Source: Finanças - IRS para Não-Residentes
mortgage Term
The mortgage term for non-residents is typically 15 to 25 years. Shorter terms may be offered, which can reduce overall interest expenses.
Range: 15 to 25 years
Source: Banco Santander - Financiamento para Não-Residentes
casestudy
In 2023, a non-resident was forced to go to court due to documentation issues, resulting in a €10,000 mortgage payment delay and increased legal expenses. This case underscores the importance of preparation and consulting with local lawyers.
Source: Idealista - Problemas na compra de imóveis para estrangeiros
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