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.

Cheap Property for Sale in Algarve from 56,000€

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Residential complex close to the river, Parshal, Portugal for From 180,000 €

Residential complex close to the river, Parshal, Portugal

From 180,000 €

From £153,000

Total of 74 apartments

Residential complex

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 £144,000

Built in 2023Total of 279 apartments

Residential complex

3% discount on apartments

Investment apartments in The Community at 9% per annum in the heart of the Motor City area, Dubai

From 123,000 €

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

Residential complex

Loft-Style Studio Apartment

Studio Apartment in brutal Loft Style in a Modern Residential Complex

56,000 €

£48,000

Total area 25 m²1 bathroomStudio

2 months ago

Beautiful studio apartment on the 2nd floor in the Residential Complex, located in the Algarve region of southern Portugal for 58,000 €

Apartment in Portugal

Beautiful studio apartment on the 2nd floor in the Residential Complex, located in the Algarve region of southern Portugal

58,000 €

£49,000

Total area 25 m²1 bathroomStudio

2 months ago

Stunning Modern-Style Studio Apartment in modern Residential Complex for 63,000 €

Modern-Style Studio Apartment

Stunning Modern-Style Studio Apartment in modern Residential Complex

63,000 €

£54,000

Total area 25 m²1 bathroomStudio

2 months ago

Ruin with land near Boliqueime for 140,000 €

Ruin with land near Boliqueime

140,000 €

£119,000

Land area: 2,033 m²

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

Tourist apartments with a yield of 4% in a new apart-hotel, Algarve, Portugal for 220,000 €

Tourist apartments with a yield of 4% in a new apart-hotel, Algarve, Portugal

220,000 €

£187,000

Total area 81 m²1 bedroomYield 4.0%

Plot of Land w/ sea views

139,000 €

£118,000

Land area: 32,966 m²

Old House and Land + Extension Project for 185,000 €

Old House and Land + Extension Project

185,000 €

£157,000

Total area 75 m²Land area: 1,137 m²

Rustic Land for Agricultural Activities for 175,000 €

Rustic Land for Agricultural Activities

175,000 €

£149,000

Land area: 142,593 m²

Plot & Ruin with clear views for 130,000 €

Plot & Ruin with clear views

130,000 €

£110,000

Land area: 468 m²

Old House for Reconstruction for 119,000 €

Old House for Reconstruction

119,000 €

£101,000

Land area: 172 m²

Old house w/ Approved Project for 159,000 €

Old house w/ Approved Project

159,000 €

£135,000

Land area: 116 m²

Industrial Construction plot for 220,000 €

Industrial Construction plot

220,000 €

£187,000

Land area: 7,841 m²

Building Land & Ruin

79,000 €

£67,000

Land area: 2,975 m²

Similar facilities nearby

Residence with a garage near a metro station and the city center, Porto, Portugal

From 215,000 €

Total of 14 apartments

New residence near a metro station, in the center of Porto, Portugal

From 197,000 €

Built in 2023Total of 16 apartments

Residential complex close to the river, Parshal, Portugal

From 180,000 €

Total of 74 apartments

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

From 169,000 €

Built in 2023Total of 279 apartments

Charming Village Retreat-Renovated 2-Bedroom House with Modern Touches

125,000 €

Total area 72 m²2 bathrooms

Luxury residence with swimming pools and a club in a popular area, Nazaré, Portugal

From 197,000 €

Completion in: 2026.IITotal of 36 apartments

1 bedroom apartment in Espinho near the beach

215,000 €

Total area 99 m²1 bedroom1 bathroom

House to renovate — Espinho — 3 minutes from the beach

194,000 €

Total area 50 m²Land area: 220 m²2 bedrooms1 bathroom

Apartment in the city center, Vila Nova de Gaia, Portugal

185,000 €

Total area 60 m²1 bedroom

T2 — Rua da Constituição — Affected to Services (possible return of 7%)

239,000 €

Total area 119 m²2 bedrooms

Excellent one-bedroom apartment in Abelheira, Lourinhã

190,000 €

Total area 70 m²1 bedroom1 bathroom

Modern apartments in the Alcantara area, Lisbon, Portugal

225,000 €

Total area 49 m²1 bathroom

Apartment T2 + 1 in Canedo, Santa Maria da Feira

132,000 €

Total area 160 m²2 bedrooms1 bathroom

4 bedroom apartment in Amora, Seixal

190,000 €

Total area 418 m²3 bedrooms1 bathroom

Studio apartment just 300 meters from Trindade metro station

250,000 €

Total area 75 m²1 bedroom1 bathroom

Apartment 29 m² in Porto (city), Portugal

175,000 €

Total area 29 m²

Apartment 29 m² in Porto (city), Portugal

175,000 €

Total area 29 m²

Renovated one-bedroom apartment in Porto, Portugal

242,000 €

Total area 47 m²1 bedroom1 bathroom

1 bedroom apartment in Gondomar, São Cosme

210,000 €

Total area 72 m²2 bedrooms1 bathroom

1 bedroom apartment in Gondomar, São Cosme

215,000 €

Total area 74 m²2 bedrooms1 bathroom

Apartment 29 m² in Porto (city), Portugal

180,000 €

Total area 29 m²

Apartment 29 m² in Porto (city), Portugal

180,000 €

Total area 29 m²

Apartment 29 m² in Porto (city), Portugal

180,000 €

Total area 29 m²

Apartment 29 m² in Porto (city), Portugal

180,000 €

Total area 29 m²

Apartment 29 m² in Porto (city), Portugal

180,000 €

Total area 29 m²

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What they say about Tranio

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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.
Original letter

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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