What are the residential property prices in Portugal?

In Portugal, property 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 property purchasing process take place in 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 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 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 residential 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.

Coastal property for sale in Portugal: 44 offers

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Apartments in a modern residential complex with swimming pools, Cascais, Portugal for From 1,200,000 €

Apartments in a modern residential complex with swimming pools, Cascais, Portugal

From 1,200,000 €

From £1,024,000

Total of 15 apartments

Residential complex

Apartments with sea and river views in a new residential complex, Oeiras, Portugal

From 481,000 €

From £411,000

Built in 2022Total of 9 apartments

Residential complex

90 m long swimming pool!

The Community — investment apartments by Aqua Properties with 9,5% yield per annum in the center of the developing area of Motor City, Dubai

From 132,000 €

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

Residential complex

Furnished apartment with a garden and a pool at 100 meters from the beach, Setúbal, Portugal for 798,000 €

With swimming pool

Furnished apartment with a garden and a pool at 100 meters from the beach, Setúbal, Portugal

798,000 €

£681,000

Total area 110 m²Land area: 135 m²2 bedrooms2 bathrooms

One-bedroom apartment in an apart-hotel with a private beach, Grandola, Setubal, Portugal for 550,000 €

Sea view

One-bedroom apartment in an apart-hotel with a private beach, Grandola, Setubal, Portugal

550,000 €

£470,000

Total area 82 m²1 bedroom1 bathroom

One-bedroom apartment in an apart-hotel with a private beach, a pier, a casino and a restaurant, Grandola, Setubal, Portugal for 550,000 €

Sea view

One-bedroom apartment in an apart-hotel with a private beach, a pier, a casino and a restaurant, Grandola, Setubal, Portugal

550,000 €

£470,000

Total area 82 m²1 bedroom1 bathroom

One-bedroom apartment in a prestigious apart-hotel with a private beach, a pier and a casino, Grandola, Setubal, Portugal for 550,000 €

Sea view

One-bedroom apartment in a prestigious apart-hotel with a private beach, a pier and a casino, Grandola, Setubal, Portugal

550,000 €

£470,000

Total area 99 m²1 bedroom1 bathroom

Discounted properties upon request

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One-bedroom apartment in a luxury apart-hotel on the first line from the sea, Grandola, Setubal, Portugal for 550,000 €

Sea view

One-bedroom apartment in a luxury apart-hotel on the first line from the sea, Grandola, Setubal, Portugal

550,000 €

£470,000

Total area 104 m²1 bedroom1 bathroom

Two-bedroom apartment in an apart-hotel with a private pier, a restaurant and a casino, Grandola, Setubal, Portugal for 900,000 €

Sea view

Two-bedroom apartment in an apart-hotel with a private pier, a restaurant and a casino, Grandola, Setubal, Portugal

900,000 €

£768,000

Total area 118 m²2 bedrooms1 bathroom

Two-bedroom apartment in an apart-hotel with a private beach and a casino, Grandola, Setubal, Portugal for 950,000 €

Sea view

Two-bedroom apartment in an apart-hotel with a private beach and a casino, Grandola, Setubal, Portugal

950,000 €

£811,000

Total area 179 m²2 bedrooms1 bathroom

Two-bedroom apartment with a jacuzzi in an apart-hotel with a private beach, Grandola, Setubal, Portugal for 950,000 €

Sea view

Two-bedroom apartment with a jacuzzi in an apart-hotel with a private beach, Grandola, Setubal, Portugal

950,000 €

£811,000

Total area 116 m²2 bedrooms1 bathroom

One-bedroom apartment in an apart-hotel with a private pier, Grandola, Setubal, Portugal for 550,000 €

Sea view

One-bedroom apartment in an apart-hotel with a private pier, Grandola, Setubal, Portugal

550,000 €

£470,000

Total area 99 m²1 bedroom1 bathroom

One-bedroom apartment in an apart-hotel with a casino on the seashore, Grandola, Setubal, Portugal for 550,000 €

Sea view

One-bedroom apartment in an apart-hotel with a casino on the seashore, Grandola, Setubal, Portugal

550,000 €

£470,000

Total area 104 m²1 bedroom1 bathroom

One-bedroom apartment with a parking in an apart-hotel on the seafront, Grandola, Setubal, Portugal for 550,000 €

Sea view

One-bedroom apartment with a parking in an apart-hotel on the seafront, Grandola, Setubal, Portugal

550,000 €

£470,000

Total area 82 m²1 bedroom1 bathroom

One-bedroom apartment in an apart-hotel with a SPA on the first line from the sea, Grandola, Setubal, Portugal for 550,000 €

Sea view

One-bedroom apartment in an apart-hotel with a SPA on the first line from the sea, Grandola, Setubal, Portugal

550,000 €

£470,000

Total area 82 m²1 bedroom1 bathroom

Three-bedroom apartment with 2 parking places in an apart-hotel on the first line from the sea, Grandola, Setubal, Portugal for 1,270,000 €

Sea view

Three-bedroom apartment with 2 parking places in an apart-hotel on the first line from the sea, Grandola, Setubal, Portugal

1,270,000 €

£1,084,000

Total area 198 m²3 bedrooms2 bathrooms

Studio in an apart-hotel with a private beach, a pier, a casino and a restaurant, Grandola, Setubal, Portugal for 380,000 €

Sea view

Studio in an apart-hotel with a private beach, a pier, a casino and a restaurant, Grandola, Setubal, Portugal

380,000 €

£324,000

Total area 51 m²1 bathroom

New studio apartment in a prestigious apart-hotel with a private beach and a pier, Grandola, Setubal, Portugal for 380,000 €

Sea view

New studio apartment in a prestigious apart-hotel with a private beach and a pier, Grandola, Setubal, Portugal

380,000 €

£324,000

Total area 51 m²1 bathroom

Studio apartment in a prestigious apart-hotel with a private beach and a pier, Grandola, Setubal, Portugal for 380,000 €

Sea view

Studio apartment in a prestigious apart-hotel with a private beach and a pier, Grandola, Setubal, Portugal

380,000 €

£324,000

Total area 48 m²1 bathroom

New studio in an apart-hotel with a private beach, a pier, a casino, Grandola, Setubal, Portugal for 420,000 €

Sea view

New studio in an apart-hotel with a private beach, a pier, a casino, Grandola, Setubal, Portugal

420,000 €

£359,000

Total area 51 m²1 bathroom

Studio apartment in an apart-hotel with a private beach, swimming pools and a casino, Grandola, Setubal, Portugal for 420,000 €

Sea view

Studio apartment in an apart-hotel with a private beach, swimming pools and a casino, Grandola, Setubal, Portugal

420,000 €

£359,000

Total area 51 m²1 bathroom

Studio apartment in an apart-hotel with a good infrastructure and a private beach, Grandola, Setubal, Portugal for 450,000 €

Sea view

Studio apartment in an apart-hotel with a good infrastructure and a private beach, Grandola, Setubal, Portugal

450,000 €

£384,000

Total area 63 m²1 bathroom

Studio apartment with a parking in a luxury apart-hotel on the seashore, Grandola, Setubal, Portugal for 450,000 €

Sea view

Studio apartment with a parking in a luxury apart-hotel on the seashore, Grandola, Setubal, Portugal

450,000 €

£384,000

Total area 68 m²1 bathroom

Studio in an apart-hotel with a private beach, a pier, a casino and a spa, Grandola, Setubal, Portugal for 380,000 €

Sea view

Studio in an apart-hotel with a private beach, a pier, a casino and a spa, Grandola, Setubal, Portugal

380,000 €

£324,000

Total area 48 m²1 bathroom

Studio apartment in an apart-hotel with a private pier, a casino and a spa, Grandola, Setubal, Portugal for 450,000 €

Sea view

Studio apartment in an apart-hotel with a private pier, a casino and a spa, Grandola, Setubal, Portugal

450,000 €

£384,000

Total area 63 m²1 bathroom

New studio in a luxury apart-hotel with a private beach and a pier, Grandola, Setubal, Portugal for 420,000 €

Sea view

New studio in a luxury apart-hotel with a private beach and a pier, Grandola, Setubal, Portugal

420,000 €

£359,000

Total area 54 m²1 bathroom

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