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Houses for sale in Azores

3 listings Subscribe to notifications

RM

490,000 €
£447,000
Total area 245 m²Land area: 1,680 m²2 bedrooms3 bathrooms

RA

290,000 €
£265,000
Total area 184 m²Land area: 900 m²1 bedroom1 bathroom
Duplex penthouse in Greece, Athens

Golden Visa

250,000 €
Total area: 140 m² 4 bedrooms 2 bathrooms

GDV

480,000 €
£438,000
Total area 228 m²Land area: 3,780 m²2 bedrooms3 bathrooms

Discounted homes upon request

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Anna Boyarchukova
Anna Boyarchukova,
Head of Residential Real Estate
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    Anna Kurianovich,
    Senior Investment Advisor
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      FAQ about Azores

      Can foreign nationals take out mortgage loans in Azores?
      Yes, non-residents can be issued a mortgage loan to buy property in Azores. 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 when buying a house in Azores?
      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 Azores?
      The utility costs vary across locations. For example, an average bill for an 50–60 m² house totals about € 100-130 per month.
      Can Portuguese residency be obtained through buying a house?
      Yes, there is a residency by investment or Golden Visa programme in Portugal. Those buying newly or relatively recently built properties for at least € 500,000 and properties built over 30 years ago for at least € 350,000 become eligible for residency.
      How can a house 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 houses 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 houses 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 a house 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.

      Search more at Tranio

      2,500,000 €

      With balcony/terrace

      Beautiful villa with a fantastic lakeview! Surrounded by the vast private garden, the villa is situated in a prestigious residential area

      Mezzegra: this comfortable villa is located in a stunning location with wonderful lake views. The villa is set on three levels for a total of 300 sq. m; at the ground floor there are a large entrance…

      350,000 €

      Sea view

      Two-level townhouse with two terraces in a residential complex with a parking and a swimming pool, Playa de las Americas, Spain

      A townhouse with panoramic sea views is located in a residential complex, on the first coastline, near Puerto Colon. The property is equipped with two terraces. The complex has a parking, a communal …

      7,200,000 € Apartment building, Berlin, Germany

      Apartment building with commercial premises on a ground floor near the center of Berlin. Description The residential area of a building is 1,880 m². The commercial area is 439 m². There is a permissi…

      130,000 €

      With balcony/terrace

      Two-bedroom apartment near the metro in the area of Kastella, Piraeus, Attica, Greece

      For sale is a charming apartment with a pantry room 3 m2. In 2009, modern repairs were made.

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      Kseniya Kolesnikova
      Kseniya Kolesnikova
      Real Estate Expert Tranio in Azores
      +44 17 4822 0039
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