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Apartments for sale in Portugal

In total 1,376 listings
Algarve Algarve
394 listings
Lisbon Lisbon
592 listings
Lagos Lagos
100 listings
Albufeira Albufeira
12 listings
Cascais Cascais
8 listings
Porto Porto
239 listings
Madeira Madeira
57 listings
All Portugal
1,376 listings
Tranio's representative offices
athens

Tranio LLC

Vissarionos, 4, 10672 Athens, Greece

+30 211 198-60-27

berlin

Tranio Germany GmbH

Schlüterstraße 38, 10629 Berlin, Germany

+49 302 2957622

Tranio's Dubai office

Tranio Global Real Estate

Al Ameri Tower - 19th floor - Barsha Heights - Dubai - UAE

+971 4 608 6565

Tranio's Phuket office

Tranio Global Real Estate

Lagoon Plaza, 21/6 Lagoon Rd, Cherngtalay Thalang Choeng Thale, Thalang District, Phuket 83110, Thailand

+90 (212) 922 22 21

istanbul

Tranio Global Real Estate

Fulya, Büyükdere Cd. No:76, 34394 Şişli/İstanbul, Turkey

+44 17 4822 0039

torrevieja

Tranio LLC

Calle del Palangre, 14, 03182 Torrevieja, Alicante, Spain

+34 932 204 049

bali

Tranio Global Real Estate

67 Jl Bypass Ngurah Rai Br Kerthayasa, Bali, Kuta Badung, 80361

+62 213 950 47 41

FAQ about Portugal
What are the apartment prices in Portugal?
In Portugal, apartment 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 purchasing process take place in Portugal when buying an apartment?
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.
How can an apartment 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 apartments 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 an apartment 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.
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    Svetlana Larionova
    Svetlana Larionova
    Real Estate Expert Tranio in Portugal
    +44 17 4822 0039
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