Can foreign nationals take out mortgage loans in Lagos?

Yes, non-residents can be issued a mortgage loan to buy property in Lagos. 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 an apartment in Lagos?

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 Lagos?

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 an apartment?

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 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.

Apartments for sale in Lagos, Portugal

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Duplex apartment in an elite complex, Lagos, Faro, Portugal for 450,000 €

Duplex apartment in an elite complex, Lagos, Faro, Portugal

450,000 €

£407,000

Total area 456 m²3 bedrooms3 bathrooms

Three-bedroom apartment with a balcony and a parking in a residential complex with a swimming pool, Lagos, Portugal for 325,000 €

With swimming pool

Three-bedroom apartment with a balcony and a parking in a residential complex with a swimming pool, Lagos, Portugal

325,000 €

£294,000

Total area 124 m²3 bedrooms2 bathrooms

Golden Visa

Duplex penthouse in Greece, Athens

250,000 €

Total area: 140 m² 4 bedrooms 2 bathrooms

New apartment in a complex with swimming pools and a gym, Lagos, Portugal for 380,000 €

With swimming pool

New apartment in a complex with swimming pools and a gym, Lagos, Portugal

380,000 €

£343,000

Total area 155 m²Land area: 155 m²2 bedrooms2 bathrooms

Modern apartment with a balcony and a parking in a residential complex with a swimming pool, Lagos, Portugal for 310,000 €

With swimming pool

Modern apartment with a balcony and a parking in a residential complex with a swimming pool, Lagos, Portugal

310,000 €

£280,000

Total area 128 m²3 bedrooms2 bathrooms

Three-bedroom apartment with a terrace in a residential complex with swimming pools and a gym, Lagos, Portugal for 480,000 €

With swimming pool

Three-bedroom apartment with a terrace in a residential complex with swimming pools and a gym, Lagos, Portugal

480,000 €

£434,000

Total area 188 m²Land area: 188 m²3 bedrooms2 bathrooms

Three-bedroom apartment in a new residential complex with swimming pools and a gym, Lagos, Portugal for 480,000 €

With swimming pool

Three-bedroom apartment in a new residential complex with swimming pools and a gym, Lagos, Portugal

480,000 €

£434,000

Total area 187 m²Land area: 187 m²3 bedrooms2 bathrooms

Discounted apartments and new-builds upon request

Send us an enquiry, we will find advantageous offers for you

Send a discount enquiry

Anna Boyarchukova,

Head of Residential Real Estate

Modern apartment with a balcony and a parking in a residential complex with a swimming pool, Lagos, Portugal for 285,000 €

With swimming pool

Modern apartment with a balcony and a parking in a residential complex with a swimming pool, Lagos, Portugal

285,000 €

£257,000

Total area 124 m²3 bedrooms2 bathrooms

New apartment with a terrace in a residential complex with swimming pools and a gym, Lagos, Portugal for 395,000 €

With swimming pool

New apartment with a terrace in a residential complex with swimming pools and a gym, Lagos, Portugal

395,000 €

£357,000

Total area 155 m²Land area: 155 m²2 bedrooms2 bathrooms

Two-bedroom apartment in a new building with swimming pools and a gym, Lagos, Portugal for 390,000 €

With swimming pool

Two-bedroom apartment in a new building with swimming pools and a gym, Lagos, Portugal

390,000 €

£352,000

Total area 160 m²Land area: 160 m²2 bedrooms2 bathrooms

Modern three-bedroom apartment in a residential complex with a swimming pool, Lagos, Portugal for 290,000 €

With swimming pool

Modern three-bedroom apartment in a residential complex with a swimming pool, Lagos, Portugal

290,000 €

£262,000

Total area 149 m²3 bedrooms2 bathrooms

Three-bedroom flat with a parking in a residential complex with a swimming pool, Lagos, Portugal for 330,000 €

With swimming pool

Three-bedroom flat with a parking in a residential complex with a swimming pool, Lagos, Portugal

330,000 €

£298,000

Total area 149 m²3 bedrooms2 bathrooms

Cozy apartment with a terrace in a residential complex with a garden, a pool and a parking, Lagos, Portugal for 199,000 €

Sea view

Cozy apartment with a terrace in a residential complex with a garden, a pool and a parking, Lagos, Portugal

199,000 €

£180,000

Total area 32 m²1 bathroom

Modern apartment in a residential complex with a swimming pool and a parking, Lagos, Portugal for 300,000 €

With swimming pool

Modern apartment in a residential complex with a swimming pool and a parking, Lagos, Portugal

300,000 €

£271,000

Total area 145 m²3 bedrooms2 bathrooms

Four-room new apartment in a complex with a swimming pool, Lagos, Faro, Portugal for 460,000 €

With swimming pool

Four-room new apartment in a complex with a swimming pool, Lagos, Faro, Portugal

460,000 €

£416,000

Total area 186 m²3 bedrooms2 bathrooms

Modern apartment with a balcony and a parking in a residential complex with a swimming pool, Lagos, Portugal for 320,000 €

With swimming pool

Modern apartment with a balcony and a parking in a residential complex with a swimming pool, Lagos, Portugal

320,000 €

£289,000

Total area 145 m²3 bedrooms2 bathrooms

Two-bedroom apartment with a terrace in a residential complex with swimming pools and a gym, Lagos, Portugal for 425,000 €

With swimming pool

Two-bedroom apartment with a terrace in a residential complex with swimming pools and a gym, Lagos, Portugal

425,000 €

£384,000

Total area 160 m²Land area: 160 m²2 bedrooms2 bathrooms

Two-bedroom modern apartment in a luxury complex, Lagos, Faro, Portugal for 225,000 €

With swimming pool

Two-bedroom modern apartment in a luxury complex, Lagos, Faro, Portugal

225,000 €

£203,000

Total area 95 m²2 bedrooms2 bathrooms

Apartment – Lagos, Faro, Portugal for 279,000 €

Apartment – Lagos, Faro, Portugal

279,000 €

£252,000

Total area 106 m²Land area: 106 m²3 bedrooms2 bathrooms

New apartment with a terrace in a residential complex with swimming pools and a gym, Lagos, Portugal for 425,000 €

With swimming pool

New apartment with a terrace in a residential complex with swimming pools and a gym, Lagos, Portugal

425,000 €

£384,000

Total area 157 m²Land area: 157 m²2 bedrooms2 bathrooms

New apartment with a terrace in a residential complex with swimming pools and a gym, Lagos, Portugal for 460,000 €

With swimming pool

New apartment with a terrace in a residential complex with swimming pools and a gym, Lagos, Portugal

460,000 €

£416,000

Total area 195 m²Land area: 195 m²3 bedrooms2 bathrooms

New apartment with a terrace in a residential complex with swimming pools and a gym, Lagos, Portugal for 495,000 €

With swimming pool

New apartment with a terrace in a residential complex with swimming pools and a gym, Lagos, Portugal

495,000 €

£447,000

Total area 195 m²Land area: 195 m²3 bedrooms2 bathrooms

Three-bedroom new apartment in a complex with a swimming pool, Lagos, Faro, Portugal for 480,000 €

With swimming pool

Three-bedroom new apartment in a complex with a swimming pool, Lagos, Faro, Portugal

480,000 €

£434,000

Total area 186 m²3 bedrooms2 bathrooms

Four-bedroom apartment with a terrace in a residential complex with swimming pools and a gym, Lagos, Portugal for 620,000 €

With swimming pool

Four-bedroom apartment with a terrace in a residential complex with swimming pools and a gym, Lagos, Portugal

620,000 €

£560,000

Total area 210 m²Land area: 210 m²4 bedrooms3 bathrooms

Two-bedroom apartment in a complex with swimming pools and a gym, Lagos, Portugal for 390,000 €

With swimming pool

Two-bedroom apartment in a complex with swimming pools and a gym, Lagos, Portugal

390,000 €

£352,000

Total area 157 m²Land area: 157 m²2 bedrooms2 bathrooms

New apartment with a terrace in a residential complex with swimming pools and a gym, Lagos, Portugal for 545,000 €

With swimming pool

New apartment with a terrace in a residential complex with swimming pools and a gym, Lagos, Portugal

545,000 €

£492,000

Total area 210 m²Land area: 210 m²4 bedrooms3 bathrooms

1-25 of 94 listings, page 1 of 4

Apartments for sale in Lagos

Discounted apartments and new-builds upon request

FAQ about Lagos