Can foreign nationals take out mortgage loans in Central Portugal?

Yes, non-residents can be issued a mortgage loan to buy property in Central 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 property purchasing process take place in Central Portugal?

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 Central Portugal?

The utility costs vary across locations. For example, an average bill for an 50–60 m² apartment totals about € 100-130 per month.

Can Portuguese residency be obtained through buying real estate?

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 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 in Central Portugal: apartments and houses for sale

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Villa – Foz do Arelho, Leiria, Portugal for 699,000 €

Villa – Foz do Arelho, Leiria, Portugal

699,000 €

£622,000

Total area 310 m²Land area: 1,100 m²5 bedrooms4 bathrooms

Villa – Leiria, Portugal

572,000 €

£509,000

Total area 140 m²Land area: 483 m²3 bedrooms3 bathrooms

Golden Visa

Buy-to-let apartment with a guaranteed yield of 5%, in a new residential complex, Lisbon, Portugal

770,000 €

Total area: 81 1 bedroom 1 bathroom Yield 5.0%

Villa – Leiria, Portugal

607,000 €

£540,000

Total area 145 m²Land area: 617 m²3 bedrooms3 bathrooms

Villa – Leiria, Portugal

607,000 €

£540,000

Total area 150 m²Land area: 659 m²3 bedrooms3 bathrooms

Villa – Leiria, Portugal

607,000 €

£540,000

Total area 145 m²Land area: 594 m²3 bedrooms3 bathrooms

Villa – Leiria, Portugal

760,000 €

£676,000

Total area 546 m²Land area: 26,900 m²7 bedrooms7 bathrooms

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Senior Residence and Citizenship Advisor

Building plot in Castelo Branco, Faro, Portugal for 350,000 €

Building plot in Castelo Branco, Faro, Portugal

350,000 €

£311,000

Land area: 2,109 m²6 bedrooms6 bathrooms

Comfortable mansion with a pool and a huge plot, Vila Nova de Paiva, Viseu, Portugal for 6,000,000 €

Comfortable mansion with a pool and a huge plot, Vila Nova de Paiva, Viseu, Portugal

6,000,000 €

£5,335,000

Total area 2,500 m²Land area: 50,000 m²

Stylish one-bedroom apartment near the beach, Faro, Portugal for 250,000 €

Stylish one-bedroom apartment near the beach, Faro, Portugal

250,000 €

£222,000

Total area 90 m²1 bedroom1 bathroom

Villa – Leiria, Portugal

549,000 €

£488,000

Total area 1,560 m²Land area: 1,560 m²3 bathrooms

Villa – Aveiro, Portugal

430,000 €

£382,000

Total area 226 m²Land area: 226 m²3 bathrooms

Villa – Viseu, Portugal

430,000 €

£382,000

Total area 2,210 m²Land area: 2,210 m²4 bathrooms

Villa – Guarda Municipality, Portugal for 190,000 €

Villa – Guarda Municipality, Portugal

190,000 €

£169,000

Total area 2,088 m²Land area: 2,088 m²3 bathrooms

Apartment – Aveiro, Portugal for 295,000 €

Apartment – Aveiro, Portugal

295,000 €

£262,000

Total area 114 m²1 bathroom

Villa – Aveiro, Portugal for 1,300,000 €

Villa – Aveiro, Portugal

1,300,000 €

£1,156,000

Total area 920 m²Land area: 920 m²4 bathrooms

Modern new villa with pools in Loulé, Faro, Portugal for 2,600,000 €

Modern new villa with pools in Loulé, Faro, Portugal

2,600,000 €

£2,312,000

Land area: 900 m²5 bedrooms5 bathrooms

Large plot of land in a prestigious area, Obidos, Portugal for 900,000 €

Large plot of land in a prestigious area, Obidos, Portugal

900,000 €

£800,000

Land area: 10,710 m²

Similar properties in Central Portugal and surrounding areas

Comfortable house in a modern gated residence with a swimming pool, a gym and a garage, in the heart of Lisbon, Portugal

475,000 €

Total area 94 m²1 bedroom1 bathroom

Two-bedroom apartment with sea views in Funchal, Madeira, Portugal

138,000 €

Sea view

Total area 74 m²Land area: 90 m²2 bedrooms1 bathroom

Two-bedroom apartment in a new building, Funchal, Madeira, Portugal

245,000 €

With swimming pool

Total area 90 m²Land area: 127 m²2 bedrooms2 bathrooms

Renovated apartment with a patio in the center of Lisbon, Portugal

269,000 €

Total area 60 m²2 bedrooms1 bathroom

Three-bedroom furnished apartment in a new building, Funchal, Madeira, Portugal

320,000 €

Furnished

Total area 143 m²3 bedrooms3 bathrooms

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

925,000 €

Total area 132 m²2 bedrooms2 bathrooms

New penthouse with a panoramic view and a garage in a prestigious area, Sao Martinho, Portugal

595,000 €

Total area 196 m²4 bedrooms4 bathrooms

One-bedroom apartment overlooking the Tagus River in a new complex, Belem, Lisbon, Portugal

500,000 €

Total area 70 m²1 bedroom1 bathroom

Studio-apartment with a river-view in a new residential complex with a panoramic roof-top swimming pool, Lisbon, Portugal

260,000 €

Luxury property

Total area 55 m²1 bathroom

New furnished penthouse with two parking spaces in a residence with a swimming pool and a garden, Funchal, Portugal

675,000 €

Total area 147 m²Land area: 182 m²3 bedrooms3 bathrooms

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

1,020,000 €

Total area 174 m²3 bedrooms3 bathrooms

Fantastic villa with stunning views of the ocean and the city in Funchal, Madeira, Portugal

790,000 €

Total area 195 m²Land area: 969 m²3 bedrooms4 bathrooms

Two-bedroom apartment with a picturesque view in a prestigious area, Lisbon, Portugal

450,000 €

Total area 118 m²2 bedrooms1 bathroom

New furnished villa with a swimming pool and picturesque views, Funchal, Portugal

1,750,000 €

Total area 487 m²Land area: 812 m²3 bedrooms5 bathrooms

Three-bedroom apartment with a large terrace and ocean views in Funchal, Madeira, Portugal

550,000 €

Sea view

Total area 140 m²Land area: 201 m²3 bedrooms3 bathrooms

One-bedroom apartment in a renovated building, in the center of Lisbon, Portugal

549,000 €

Total area 57 m²1 bedroom1 bathroom

New villa with gardens and a swimming pool, Calheta, Portugal

750,000 €

Total area 270 m²Land area: 900 m²4 bedrooms4 bathrooms

Villa with a garage and a picturesque view at 400 meters from the beach, Lourinha, Portugal

449,000 €

Total area 160 m²4 bedrooms4 bathrooms

Plot for construction of houses on the island of Madeira, Portugal

900,000 €

Land area: 8,660 m²

New apartment with a garage in a residence with a swimming pool, Oeiras, Portugal

640,000 €

Total area 136 m²2 bedrooms2 bathrooms

Four-room apartment with panoramic ocean views in Funchal, Madeira, Portugal

295,000 €

Sea view

Total area 130 m²3 bedrooms2 bathrooms

Sea view villa in a guarded residence with a tennis court, Lisbon, Portugal

3,500,000 €

Total area 780 m²Land area: 1,259 m²6 bedrooms8 bathrooms

Stylish villa with a swimming pool and ocean views, Arko da Calheta, Madeira, Portugal

390,000 €

Total area 219 m²Land area: 274 m²3 bedrooms3 bathrooms

Historic villa with a swimming pool, a garden and a view of the sea in a prestigious area, Funchal, Portugal

1,600,000 €

Total area 600 m²Land area: 1,200 m²4 bedrooms5 bathrooms

Apartment with a private garden in a new house, Sintra, Lisbon, Portugal

570,000 €

With swimming pool

Total area 166 m²Land area: 33 m²3 bedrooms

Property for sale in Central Portugal

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