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.

Luxury apartments for sale in Portugal: 154 offers

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Residential complex

Exclusive villa complex surrounded by a nature reserve, Comporta, Portugal

Comporta, Setubal, Portugal

From 4,300,000 €

Total 15 units available from the developer

Built in 2024

Villas from 4,300,000 €

Residential complex

Luxury villas with pools and gardens, Birre, Cascais, Portugal

Cascais, Lisbon, Portugal

From 5,600,000 €

Total 6 units available from the developer

Completion in: 2028.I

Villas from 5,600,000 €

Residential complex

Duplex villas with pools, ocean and golf course views in Almada, Setubal, Portugal

Almada, Setubal, Portugal

From 1,445,000 €

Total 71 units available from the developer

Completion in: 2028.II

Villas from 1,445,000 €

Residential complex

Premier new residential complex in the center of Cascais, Portugal

Cascais, Lisbon, Portugal

From 2,285,000 €

Total 30 units available from the developer

Completion in: 2027.I

2 bedrooms from 2,285,000 €

Residential complex

Prestigious villas with private pools and a shared gym and spa, Cascais, Portugal

Cascais, Lisbon, Portugal

From 4,000,000 €

Total 18 units available from the developer

Completion in: 2028.I

Villas from 4,000,000 €

Residential complex

Exclusive residential complex on the banks of the Tagus River, Lisbon, Portugal

Lisbon, Portugal

From 650,000 €

Total 214 units available from the developer

Built in 2025

1 bedroom from 650,000 €

2 bedrooms from 800,000 €

3 bedrooms from 1,600,000 €

4 bedrooms from 1,650,000 €

5 bedrooms from 4,750,000 €

Elvira Gracheva

Head of Sales Tranio Europe

Tranio Projects for Profitable Investments

Sourcing prime properties to match your goals, negotiating exclusive terms, delivering an independent investment analysis.

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Residential complex

New residential complex of modern villas with swimming pools in Cascais, Portugal

Cascais, Lisbon, Portugal

From 2,642,000 €

Total 13 units available from the developer

Built in 2026

Villas from 2,642,000 €

Residential complex

Modern apartments with terraces, a swimming pool and river view, Belem, Lisbon, Portugal

Lisbon, Portugal

From 1,100,000 €

Total 57 units available from the developer

Built in 2021

3 bedrooms from 1,100,000 €

Residential complex

Buy-to-let apartments with a guaranteed yield of 5% in a modern residential complex, Belem, Lisbon, Portugal

Lisbon, Portugal

From 770,000 €

Total 97 units available from the developer

Built in 2021

1 bedroom from 770,000 €

3 bedrooms from 2,500,000 €

Four-room new apartment overlooking the Tagus River, Belem, Lisbon, Portugal

Lisbon, Portugal

1,750,000 €

Total area 174 m² · 3 bedrooms · 3 bathrooms

Three-bedroom buy-to-let apartment with a guaranteed yield of 5%, in a newly-built residential complex, Lisbon, Portugal

Lisbon, Portugal

2,500,000 €

Total area 260 m² · 3 bedrooms · 3 bathrooms

With swimming pool

Elite apartment in a gated complex with a golf course, Cascais, Portugal

Cascais, Lisbon, Portugal

2,000,000 €

Total area 210 m² · 4 bedrooms

Residential complex

Apartments overlooking the Tagus River in a new complex, Belen, Lisbon, Portugal

Lisbon, Portugal

From 630,000 €

Total 150 units available from the developer

Built in 2022

1 bedroom from 630,000 €

2 bedrooms from 720,000 €

3 bedrooms from 1,750,000 €

5-bedroom apartment 309 m² in Lisbon

Lisbon, Portugal

1,750,000 €

Total area 309 m² · Land area: 351 m² · 5 bedrooms · 5 bathrooms

Sea view

4-bedroom apartment 260 m² in Cascais

Cascais, Lisbon, Portugal

3,150,000 €

Total area 260 m² · Land area: 315 m² · 4 bedrooms · 4 bathrooms

3-bedroom apartment 130 m² in Lisbon

Lisbon, Portugal

1,890,000 €

Total area 130 m² · Land area: 160 m² · 3 bedrooms · 3 bathrooms

3-bedroom apartment 179 m² in Lisbon

Lisbon, Portugal

2,500,000 €

Total area 179 m² · Land area: 254 m² · 3 bedrooms · 1 bathroom

3-bedroom apartment 179 m² in Lisbon

Lisbon, Portugal

2,500,000 €

Total area 179 m² · Land area: 254 m² · 3 bedrooms · 1 bathroom

3-bedroom apartment 177 m² in Lisbon

Lisbon, Portugal

2,500,000 €

Total area 177 m² · Land area: 228 m² · 3 bedrooms · 1 bathroom

3-bedroom apartment 186 m² in Lisbon

Lisbon, Portugal

2,500,000 €

Total area 186 m² · Land area: 251 m² · 3 bedrooms · 1 bathroom

3-bedroom apartment 165 m² in Estoril

Estoril, Lisbon, Portugal

1,573,000 €

Total area 165 m² · Land area: 304 m² · 3 bedrooms · 3 bathrooms

4-bedroom apartment 274 m² in Parque das Nações

Parque das Nações, Lisbon, Portugal

4,300,000 €

Total area 274 m² · Land area: 326 m² · 4 bedrooms · 3 bathrooms

Four-bedroom apartment with a large terrace next to the Tagus River in Lisbon, Portugal

Lisbon, Portugal

1,810,000 €

Total area 266 m² · 4 bedrooms · 3 bathrooms

4-bedroom apartment 244 m² in Parque das Nações

Parque das Nações, Lisbon, Portugal

3,400,000 €

Total area 244 m² · Land area: 270 m² · 4 bedrooms · 3 bathrooms

4-bedroom apartment 244 m² in Parque das Nações

Parque das Nações, Lisbon, Portugal

3,000,000 €

Total area 244 m² · Land area: 276 m² · 4 bedrooms · 3 bathrooms

1-25 of 154 listings, page 1 of 6

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