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Property for sale in Portugal

Algarve Algarve
787 listings
Madeira Madeira
257 listings
Lisbon Lisbon
1,032 listings
Porto Porto
152 listings
Faro Faro
787 listings
Albufeira Albufeira
69 listings
Cascais Cascais
43 listings
All Portugal
2,336 listings

Property in Portugal

Real estate investment is one of the best ways to ensure a stable future. Buying a house, apartment, villa, or another type of residence in Portugal is an affordable foreign property investment. Intensive economic growth in the country is pushing the prices of residential properties higher every year. The absence of barriers to foreign nationals makes the buying process easier, and a wide range of properties to choose from allows buyers to find the residence best suited to their preferences and funds.

Why Portugal?

  • Well-developed infrastructure. Any part of the country can be reached by car on a good road dotted with restaurants, cafés, and rest areas.
  • High living standards determined by education, affordable healthcare and a favourable business environment.
  • Thriving agriculture covers over 70% domestic demand for produce.
  • Most of the cities have no more than to 10,000 residents, perfect for a slower pace of life.
  • Advanced medicine - healthcare meets international standards with service costs in private clinics starting from €50 (significantly less than other EU countries).

Residential property prices in Portugal went up by 23% in 2017-2018. Despite the coronavirus pandemic, prices continued to grow in 2020 – gaining 12% during the first months. Lisbon and the Faro region are leading the national price race. Against this background, real estate purchases in Portugal have great potential as profitable investments.

Marina Filichkina Head of sales

Property prices in Portugal

Data is provided by numbeo.com, based on surveys among its users. Tranio does not guarantee its reliability.

Price per m²
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Price dynamics
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FAQ about Portugal

What are the residential property prices in Portugal?
In Portugal, property prices strongly depend on the region where a particular property is located. The average apartment price in Portugal is € 1,500-2,000 per square metre, depending on the property location. Real estate is slightly cheaper in the north of the country. The most expensive real estate can be found in Lisbon and the neigbouring areas of Cascais and Estoril where the price per square metre can reach € 9,000. In the south of the country, in the Algarve region, there are also expensive locations, such as the Golden Triangle with the resorts of Vale do Lobo, Vilamoura and Pine Cliffs. However, in general, in the Algarve region more affordable residential property priced at € 1,000-2,000/m² can also be found near the sea.
Can foreign nationals take out mortgage loans in Portugal?
Yes, non-residents can be issued a mortgage loan to buy property in Portugal. Special terms of mortgage lending for non-residents — the loan term up to 75 years of age for the eldest borrower and a down payment of 40–50%. The mortgage rate is a floating one, of 3% for residential properties and 5% for the commercial ones.
How does the property purchasing process take place in Portugal?
Before the purchase, it is necessary to hire a lawyer who would help you get the paperwork done. Having chosen the property, you need to open a local bank account and receive a tax identification number.
First, a preliminary sales agreement is signed, a deposit equalling to 10–30% of the property value is placed, and the municipal taxes are paid. The deposit is non-refundable if the buyer decides not to purchase. All agreements ought to be notarised.
Between signing the preliminary and main sales agreements, the lawyer completes the property Due Diligence and checks the availability of all the documents for the property. When signing the main agreement, the remaining transaction amount is paid, after which the property can be registered with the land registry office and a title deed can be obtained.
What property taxes are there in Portugal?
Property buyers pay a stamp duty (Imposto do Selo, IS) — 0,8% and a title deed transfer tax (Imposto Municipal sobre Transmissões, IMT) — 6,0 – 6,5%. After the purchase, an annual real estate tax (Imposto Municipal sobre os Imóveis, IMI) ranging from 0.3 to 0.8% across property types and municipalities, has to be paid. These three taxes — are everything that is paid by property owners.
When selling real estate, non-resident owners pay the capital gain tax, chargeable from the difference between the purchase price and the sales price at a rate of 28%.
The inheritance and gift taxes are not levied from spouses, children, parents and grandchildren, the other categories pay them at a rate of 10% (which is considered low).
How expensive are the utilities in Portugal?
The utility costs vary across locations. For example, an average bill for an 50–60 m² apartment totals about € 100-130 per month.
Can Portuguese residency be obtained through buying real estate?
Yes, there is a residency by investment or Golden Visa programme in Portugal. Those buying newly or relatively recently built properties for at least € 500,000 and properties built over 30 years ago for at least € 350,000 become eligible for residency.
How can a property buyer obtain Portuguese citizenship?
It is possible to apply for permanent residency after five years of residence in the country. After six years of residence it is possible to apply for citizenship. But these procedures are not interrelated. Holding a temporary residence or permanent residence permit does not lead to obtaining citizenship. Only following the rules of stay in the country (over 183 days per year for six years) can give hope for obtaining Portuguese citizenship.
Can foreign nationals lease residential real estate in Portugal?
Yes, of course. The owner's right to administer their property is not limited in any way.
What types of Portuguese property are better to invest in for rental purposes?
The most suitable for rental purposes are the flats and apartments located in the resort areas, such as the Algarve, Faro, Lagos, on the entire southern coast and the capital of the country, Lisbon.
Why do I need to own real estate in Portugal?
The Portuguese property market is one of the European real estate markets that have been growing most actively over the past few years. Therefore, real estate investments are very profitable in the country.

Upscale villas and homes are associated with prestige and safety. When it comes to Portugal, high-end property is an excellent way to get permanent residence and access to the EU zone with all the benefits that go with coastal or resort property. The qualifying condition for this is the acquisition of property for no less than €350,000 (in a building more than 30 years old or requiring restoration), or investment of at least €500,000 into other property types. There are many upscale villas and houses in the Iberian resort districts of Faro, Setúbal, Madeira, and the Azores.

  • €5,200 average price per m²
  • €3,330,000 average house price
Apartments for sale in Lisbon
4 listings of 961Show all
961 listingsShow all

Real estate prices in Lisbon are significantly higher than in other regions, yet the city tops PwC’s 2019 ranking of the most attractive investment locations for two reasons: overall national economic growth and the strategic Programa Operacional Regional de Lisboa 2020 destined to enhance living standards, regulate energy efficiency, and streamline the operation of city services and systems. Due to high residential house prices, the best option is to obtain a mortgage loan. To that end, a borrower would need to make a downpayment of no less than 30% of the market value.

График
Mortgage rate dynamics.
Data is provided by numbeo.com, based on surveys among its users. Tranio does not guarantee its reliability.
Houses for sale in Algarve
4 listings of 209Show all
209 listingsShow all

Property in Algarve is the best choice for those who value luxury and comfort. The region is a popular tourist destination that is famous for its excellent beaches. The value of upscale property here starts at €1,000,000, but those looking for budget-friendly options can find moderately-priced townhouses at €150,000-170,000. For the ultimate luxury experience, there is no destination in Portugal more prized than the prestigious area around Almancil called the Golden Triangle with its international golf courses and Michelin-star restaurants.

  • €2,600 average price per m²
  • €740,000 average house price

When choosing the location to buy property in Portugal, it makes sense to buy a coastal home along the Atlantic. Here, you gain access to some of the country’s best resorts at any time of the year and the opportunity to generate passive income from your purchase. The coast invariably attracts tourists, and many of the visitors choose rented apartments or homes instead of hotels for their stay. The income derived from renting your home might cover property maintenance costs and mortgage repayments. Tavira, Alentejo, Cascais and Aveiro are among the most popular regions with low-priced real estate.

LocationApartment, €/per monthHouse, €/per month
Lisbon1472,12508,6
Porto1721,43984,6
Lagos1405,81547,4
Albufeira2762,73121,2
Faro962,41941,9
Houses for sale in Madeira
4 listings of 138Show all
138 listingsShow all

Madeira lures people with its mild climate and the calm pace of a well-balanced life. Thanks to the presence of several climate zones, you can ski in the mountains and finish your day on the beach in just a few hours. A house or a villa in Madeira is perfect for holiday home seekers and investors looking for good revenue from long-term or short-term lease to tourists. One advantage of a property purchase here is the energy certification of each house that allows the buyer to look at all the stages of construction and assess its quality.

  • €2,300 average price per m²
  • €576,000 average house price
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      Pros of buying property in Portugal

      • Affordable prices. Acquiring a residence in a non-tourist district is significantly cheaper than in the other European countries (€35,000 for a 47-sqm apartment on average).
      • No legal restrictions on foreign nationals investing in commercial or residential properties.
      • €500,000 is the minimum investment to secure a Portuguese residence permit in the European Union.
      • Property rental or sale can generate good returns due to rising property prices and tourism industry growth.

      After registering the property title, a homeowner can file for property tax exemption for 10 years. Those planning to live here permanently or work benefit from reduced income tax rates.

      Marina Filichkina Head of sales

      Costs of living in Portugal in 2020

      Location Price per m² in the city centre, € Price per m² in a residential district, € Crime rate Healthcare efficiency level Average salary, € Mortgage rate, %
      Lisbon 4,386 2,463 27.93 71.49 997.68 2.14
      Porto 2,610 1,556 36.55 74.62 824 2.44
      Vila Nova de Gaia 1,762 1,342 31.32 49.07 793 2.40
      Braga 1,481 1,027 41.63 82.45 916 1.83
      Funchal 2,133 1,332 13.98 51.97 869 2.57
      Almada 2,050 1,500 45.59 71.81 902 1.98
      Coimbra 2,262 1,270 19.47 82.94 774 2.45
      Setubal 2,894 2,050 41.78 69.58 842 3.25
      Aveiro 1,716 933 27.16 78.12 820 1.57
      Faro 2,466 193 30.50 50.93 766 3

      The data is provided by numbeo.com and based on the answers of its users. Tranio does not guarantee its reliability.

      Buyers' testimonials

      • Even if I factor in all my expenses for renovation, equipment, document filing, legal fees and the property purchase tax which was 4% of the apartment’s price – in any event, I still win! I believe that I have absolutely achieved the goal that I had set, and I am pleased with my acquisition.

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      • I studied the market for a long time, took a break, and thought a lot. I was told that it takes a year from the moment one starts thinking of buying a property and the actual purchase. I wasn't quite sure if I would buy anything

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      • Tranio’s partner helped me sort out minor renovations and furnish the place. The manager took me around the local shops and I ordered everything all the basics, furniture and kitchen cabinets. It took two weeks to put everything in order, get the wiring done, tile the kitchen, etc.

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      • One day we realised that the apartments we had been staying in were owned by investors who were receiving an annual income from renting the property out to tourists like us. So, the purpose of our purchase was to invest in a holiday property that would pay for itself through leasing it out when we weren’t using it.

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      • We wanted to achieve several goals by buying a property. The foremost goal was to obtain a European residence permit and, in doing so, safeguard our family against the economic instability in our home country.

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        Tranio's team

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        George Kachmazov

        Founder and Managing Partner

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        Marina Filichkina

        Head of Sales

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        Alexander Volik

        Investment Analyst

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        Ekaterina Shabalina

        Lawyer

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        Sofia Bulanova

        Senior Investment Consultant

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