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: 550 offers

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Two-bedroom apartment in a new complex near the ocean in Albufeira, Faro, Portugal for 415,000 €

Two-bedroom apartment in a new complex near the ocean in Albufeira, Faro, Portugal

415,000 €

£359,000

Total area 118 m²2 bedrooms2 bathrooms

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 €

£1,121,000

3 bedrooms3 bathroomsYield 5.0%

90 m long swimming pool!

The Community: Investment apartments with 9% yield per annum in the center of the developing area — Motor City, Dubai, UAE

From 132,000 €

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

Residential complex

New apartment with a garden and a swimming pool, Loulé, Faro, Portugal for 750,000 €

New apartment with a garden and a swimming pool, Loulé, Faro, Portugal

750,000 €

£649,000

Total area 107 m²Land area: 46 m²1 bedroom

New four-room apartment with ocean views in Albufeira, Faro, Portugal for 575,000 €

New four-room apartment with ocean views in Albufeira, Faro, Portugal

575,000 €

£498,000

Total area 236 m²3 bedrooms3 bathrooms

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 €

£3,896,000

Total area 486 m²4 bedrooms4 bathrooms

New villa with a pool and sea views in Lagos, Faro, Portugal for 2,300,000 €

New villa with a pool and sea views in Lagos, Faro, Portugal

2,300,000 €

£1,991,000

Land area: 731 m²5 bedrooms6 bathrooms

Discounted properties upon request

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

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Client manager

We find off-market properties
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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 £427,000

Built in 2022Total of 65 apartments

Residential complex

New villa with a swimming pool near golf courses and beaches, Almancil, Portugal for 1,250,000 €

New villa with a swimming pool near golf courses and beaches, Almancil, Portugal

1,250,000 €

£1,082,000

Total area 521 m²3 bedrooms4 bathrooms

Luxury villa with a swimming pool, a garden and lounge areas, Galé, Portugal for 3,500,000 €

Luxury villa with a swimming pool, a garden and lounge areas, Galé, Portugal

3,500,000 €

£3,031,000

Land area: 8,860 m²4 bedrooms5 bathrooms

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

Contemporary 3 Bed. Villa Turnkey

1,475,000 €

£1,277,000

Total area 380 m²Land area: 1,114 m²4 bathrooms

Fabulous Quinta for sale in large plot with Annex, Boliqueime for 1,100,000 €

Fabulous Quinta for sale in large plot with Annex, Boliqueime

1,100,000 €

£952,000

Total area 334 m²Land area: 8,000 m²5 bathrooms

2 Bed country house, annex, amazing views for 395,000 €

2 Bed country house, annex, amazing views

395,000 €

£342,000

Total area 290 m²Land area: 1,650 m²2 bathrooms

2 Bed. Villa under Renovation for 189,000 €

2 Bed. Villa under Renovation

189,000 €

£164,000

Total area 75 m²Land area: 2,430 m²2 bathrooms

Quality, spacious, modern villa, beautiful location for 1,300,000 €

Quality, spacious, modern villa, beautiful location

1,300,000 €

£1,126,000

Total area 488 m²Land area: 3,226 m²5 bathrooms

4 Bed Villa Turnkey — Between
S. Brás and Loulé for 525,000 €

4 Bed Villa Turnkey — Between S. Brás and Loulé

525,000 €

£455,000

Total area 283 m²Land area: 328 m²3 bathrooms

3 + 1 Bedroom beautifully renovated villa for 750,000 €

3 + 1 Bedroom beautifully renovated villa

750,000 €

£649,000

Total area 117 m²Land area: 2,852 m²2 bathrooms

2 months ago

Building: 3+1 Bed Villa, 2 Commercial Spaces — Loulé/ EN125 for 1,100,000 €

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

1,100,000 €

£952,000

Total area 310 m²Land area: 2,200 m²6 bathrooms

Traditional 2+1 Bed Villa

340,000 €

£294,000

Total area 72 m²Land area: 152 m²1 bathroom

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

3 bedroom country house, annexes and workshop

1,100,000 €

£952,000

Total area 250 m²Land area: 15,715 m²3 bathrooms

Villa with 2 annexes

595,000 €

£515,000

Total area 249 m²Land area: 2,420 m²4 bathrooms

3 Bed. Brand New Apartment

320,000 €

£277,000

Total area 100 m²3 bathrooms

3+1 Bed. Traditional Villa for 275,000 €

3+1 Bed. Traditional Villa

275,000 €

£238,000

Total area 166 m²Land area: 110 m²2 bathrooms

3 Bed. Villa w/ Garage and Garden for 700,000 €

3 Bed. Villa w/ Garage and Garden

700,000 €

£606,000

Total area 242 m²Land area: 510 m²3 bathrooms

Modern apartment with sea views with a guaranteed yield of 5%, Algarve, Portugal for 1,000,000 €

Modern apartment with sea views with a guaranteed yield of 5%, Algarve, Portugal

1,000,000 €

£866,000

2 bedrooms2 bathroomsYield 5.0%

3
Bed Apartment Under Construction for 304,000 €

3 Bed Apartment Under Construction

304,000 €

£264,000

Total area 164 m²3 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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