Can foreign nationals take out mortgage loans in Algarve?

Yes, non-residents can be issued a mortgage loan to buy property in Algarve. 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 Algarve?

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 Algarve?

The utility costs vary across locations. For example, an average bill for an 50–60 m² apartment totals about € 100-130 per month.

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 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.

Property for Sale in Algarve, Buy Real Estate from 79,000€

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New residence with swimming pools, a lounge area and a spa center, Parchal, Portugal for From 320,000 €

New residence with swimming pools, a lounge area and a spa center, Parchal, Portugal

From 320,000 €

From £268,000

Built in 2023Total of 74 apartments

Residential complex

Bright apartment in a new complex with a swimming pool near the ocean, Algarve, Portugal for 550,000 €

Bright apartment in a new complex with a swimming pool near the ocean, Algarve, Portugal

550,000 €

£460,000

Total area 105 m²2 bedrooms2 bathrooms

3% discount on apartments

The Community — investment apartments by Aqua Properties with 9,5% yield per annum in the center of the developing area of Motor City, Dubai

From 144,000 €

Completion in: 2025 Yield: 9.0% Apartments in total: 450

Residential complex

Elite villa with a pool and ocean views, 500 meters from the beach, Praia da Luz, Faro, Portugal for 2,350,000 €

Elite villa with a pool and ocean views, 500 meters from the beach, Praia da Luz, Faro, Portugal

2,350,000 €

£1,967,000

Total area 350 m²Land area: 1,013 m²

Apartments with a swimming pool, close to the golf course, Alcantarilla, Portugal for From 285,000 €

Apartments with a swimming pool, close to the golf course, Alcantarilla, Portugal

From 285,000 €

From £239,000

Total of 19 apartments

Residential complex

Apartments with views of the river and the Atlantic Ocean, Lagos, Portugal for From 400,000 €

Apartments with views of the river and the Atlantic Ocean, Lagos, Portugal

From 400,000 €

From £335,000

Built in 2022Total of 12 apartments

Residential complex

Residential complex close to the river, Parshal, Portugal

From 180,000 €

From £151,000

Total of 74 apartments

Residential complex

Discounted properties upon request

Send us an enquiry, we will find advantageous offers for you

Send a discount enquiry

Ksenia Kolesnikova,

Client manager

We find off-market properties
We organise viewings
We assist in obtaining a mortgage

Townhouse with a swimming pool and a garden, Carvoeiro, Portugal for 535,000 €

Sea view

Townhouse with a swimming pool and a garden, Carvoeiro, Portugal

535,000 €

£448,000

Total area 140 m²2 bedrooms

Villa with a swimming pool and a playground, Castro Marin, Portugal for 375,000 €

Villa with a swimming pool and a playground, Castro Marin, Portugal

375,000 €

£314,000

Total area 100 m²2 bedrooms2 bathrooms

Apartments near the beach, with a guaranteed yield of 7%, Lagos, Portugal for From 169,000 €

Apartments near the beach, with a guaranteed yield of 7%, Lagos, Portugal

From 169,000 €

From £141,000

Built in 2023Total of 279 apartments

Residential complex

Residential complex with swimming pools, surrounded by hills, Algarve, Portugal

From 280,000 €

From £234,000

Total of 33 apartments

Residential complex

Comfortable apartment with a yield of 5%, Algarve, Portugal for 1,295,000 €

Comfortable apartment with a yield of 5%, Algarve, Portugal

1,295,000 €

£1,084,000

3 bedrooms3 bathroomsYield 5.0%

Elite villa with a pool with a 5% yield, Algarve, Portugal for 4,500,000 €

Elite villa with a pool with a 5% yield, Algarve, Portugal

4,500,000 €

£3,767,000

Total area 486 m²4 bedrooms4 bathrooms

Buy-to-let apartments with a guaranteed yield of 5%, in a picturesque area, near the beaches, Algarve, Portugal for From 493,000 €

Buy-to-let apartments with a guaranteed yield of 5%, in a picturesque area, near the beaches, Algarve, Portugal

From 493,000 €

From £413,000

Built in 2022Total of 65 apartments

Residential complex

Contemporary
3 Bed. Villa Turnkey for 1,475,000 €

Contemporary 3 Bed. Villa Turnkey

1,475,000 €

£1,235,000

Total area 380 m²Land area: 1,114 m²4 bathrooms

Fabulous Quinta for sale in large plot with Annex, Boliqueime for 950,000 €

Fabulous Quinta for sale in large plot with Annex, Boliqueime

950,000 €

£795,000

Total area 334 m²Land area: 8,000 m²5 bathrooms

Renovated Four Bed. Villa
Near Golf Course for 770,000 €

Renovated Four Bed. Villa Near Golf Course

770,000 €

£645,000

Total area 185 m²Land area: 350 m²4 bathrooms

3 weeks ago

4 Bed. Renovated Farmhouse for 670,000 €

4 Bed. Renovated Farmhouse

670,000 €

£561,000

Total area 161 m²Land area: 1,351 m²4 bathrooms

2 Bed. Villa under Renovation for 178,000 €

2 Bed. Villa under Renovation

178,000 €

£149,000

Total area 75 m²Land area: 2,430 m²2 bathrooms

Algarve Charm: Rustic 4-Bedroom Villa with Pool & Views for 440,000 €

Algarve Charm: Rustic 4-Bedroom Villa with Pool & Views

440,000 €

£368,000

Total area 157 m²Land area: 281 m²2 bathrooms

2 months ago

3 Bed Villa for Sale, views of Algarve countryside for 675,000 €

3 Bed Villa for Sale, views of Algarve countryside

675,000 €

£565,000

Total area 128 m²Land area: 2,400 m²2 bathrooms

2 months ago

5 Bed. Renovated Villa

730,000 €

£611,000

Total area 220 m²Land area: 242 m²3 bathrooms

Building: 3+1 Bed Villa, 2 Commercial Spaces — Loulé/ EN125 for 1,260,000 €

Building: 3+1 Bed Villa, 2 Commercial Spaces — Loulé/ EN125

1,260,000 €

£1,055,000

Total area 310 m²Land area: 2,200 m²6 bathrooms

3 bedroom country house, annexes and workshop for 1,100,000 €

3 bedroom country house, annexes and workshop

1,100,000 €

£921,000

Total area 250 m²Land area: 15,715 m²3 bathrooms

3 Bed Villa, large plot in quiet area for 295,000 €

3 Bed Villa, large plot in quiet area

295,000 €

£247,000

Total area 111 m²Land area: 4,480 m²1 bathroom

Classic 4 Bedroom Villa

440,000 €

£368,000

Total area 431 m²Land area: 500 m²2 bathrooms

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First and foremost Tranio is a very motivated team of professionals who surely know their job! We are very pleased with their well-coordinated work, timeliness of responses to the questions posed, and willingness to act in case of unusual situations.
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Coldwell Banker
It is with much enthusiasm that I personally recommend Tranio for a professional business collaboration in the ﬁeld of real estate, marketing, acquisition, and ﬁnance. The fundamentals of our business relationship with Tranio were set in 2016. Mundial AG has received the company’s great reputation throughout a number of international business pai’tners and stockholders. Tranio has helped our company to expand its horizons to the global market and has established benchmarks that would extend Mundial AG’s networks. The company has exceptional connections to potential investors and has a proﬁcient team that is capable of forming compound ﬁnancial models that attract ﬁnanciers. The cooperation with Tranio is based on professionalism, effectiveness, and Hypovﬂemsbank scrupulousness. Our experiences with Tranio are encouraging and progressive, which makes them one of our preeminent business paitners.
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Z. Farkas, Mundial AG
We are glad to have a partnership with Tranio! It offers a vast online property base and the best services.

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