Can foreign nationals take out mortgage loans in Northern Portugal?

Yes, non-residents can be issued a mortgage loan to buy property in Northern 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 when buying an apartment in Northern 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 Northern 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.

695 Apartments for Sale in Northern Portugal, Buy Flat from 150,000€

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Spacious apartment in a new residence with a garden and a swimming pool, in the historic center of Porto, Portugal for 550,000 €

Spacious apartment in a new residence with a garden and a swimming pool, in the historic center of Porto, Portugal

550,000 €

£461,000

Total area 179 m²2 bedrooms

Renovated apartments in the city center, Porto, Portugal for From 242,000 €

Renovated apartments in the city center, Porto, Portugal

From 242,000 €

From £203,000

Total of 17 apartments

Residential complex

3% discount on apartments

Investment apartments in The Community at 9% per annum in the heart of the Motor City area, Dubai

From 159,000 €

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

Residential complex

Apartments with a river view in the historic part of the city, Porto, Portugal for From 365,000 €

Apartments with a river view in the historic part of the city, Porto, Portugal

From 365,000 €

From £306,000

Total of 17 apartments

Residential complex

Apartments in the city center, with a guaranteed yield of 3.5%, Porto, Portugal for From 350,000 €

Apartments in the city center, with a guaranteed yield of 3.5%, Porto, Portugal

From 350,000 €

From £293,000

Total of 41 apartments

Residential complex

New apartment for a residence permit in a historic building, in the center of Porto, Portugal for 360,000 €

New apartment for a residence permit in a historic building, in the center of Porto, Portugal

360,000 €

£302,000

Total area 48 m²1 bedroom1 bathroom

Renovated historic residence in the heart of Porto, Portugal for From 530,000 €

Renovated historic residence in the heart of Porto, Portugal

From 530,000 €

From £444,000

Total of 32 apartments

Residential complex

Discounted apartments and new-builds upon request

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

Send a discount enquiry

Ksenia Kolesnikova,

Client manager

We find off-market properties
We organise viewings
We assist in obtaining a mortgage

Residence with a garage near a metro station and the city center, Porto, Portugal for From 215,000 €

Residence with a garage near a metro station and the city center, Porto, Portugal

From 215,000 €

From £180,000

Total of 14 apartments

Residential complex

New residence near a metro station, in the center of Porto, Portugal for From 197,000 €

New residence near a metro station, in the center of Porto, Portugal

From 197,000 €

From £165,000

Built in 2023Total of 16 apartments

Residential complex

New two-bedroom apartment, Bonfim, Porto, Portugal for 390,000 €

New two-bedroom apartment, Bonfim, Porto, Portugal

390,000 €

£327,000

Total area 94 m²2 bedrooms2 bathrooms

Marina Douro II development for 750,000 €

Marina Douro II development

750,000 €

£628,000

Total area 130 m²3 bedrooms3 bathrooms

3 weeks ago

Marina Douro II development for 735,000 €

Marina Douro II development

735,000 €

£616,000

Total area 134 m²3 bedrooms3 bathrooms

3 weeks ago

Marina Douro II development for 1,450,000 €

Marina Douro II development

1,450,000 €

£1,215,000

Total area 181 m²4 bedrooms4 bathrooms

3 weeks ago

Marina Douro II development for 1,400,000 €

Marina Douro II development

1,400,000 €

£1,173,000

Total area 164 m²4 bedrooms4 bathrooms

3 weeks ago

Marina Douro I Development — T2 for 515,000 €

Marina Douro I Development — T2

515,000 €

£432,000

Total area 116 m²2 bedrooms2 bathrooms

3 weeks ago

Luxury 2 bedroom flat in Gaia for 525,000 €

Luxury 2 bedroom flat in Gaia

525,000 €

£440,000

Total area 120 m²2 bedrooms2 bathrooms

3 weeks ago

Luxury 3-bedroom flat in Gaia for 715,000 €

Luxury 3-bedroom flat in Gaia

715,000 €

£599,000

Total area 125 m²3 bedrooms3 bathrooms

3 weeks ago

Luxury 3-bedroom flat in Gaia

715,000 €

£599,000

Total area 137 m²3 bedrooms3 bathrooms

3 weeks ago

Luxury 3-bedroom flat in Gaia for 695,000 €

Luxury 3-bedroom flat in Gaia

695,000 €

£582,000

Total area 137 m²3 bedrooms3 bathrooms

3 weeks ago

Luxury 4-bedroom flat in Gaia for 900,000 €

Luxury 4-bedroom flat in Gaia

900,000 €

£754,000

Total area 159 m²4 bedrooms4 bathrooms

3 weeks ago

Luxurious T1 Apartment

320,000 €

£268,000

Total area 48 m²2 bedrooms2 bathrooms

3 weeks ago

Luxury 1-bedroom flat in Gaia for 305,000 €

Luxury 1-bedroom flat in Gaia

305,000 €

£256,000

Total area 45 m²2 bedrooms1 bathroom

3 weeks ago

Luxury 1-bedroom flat in Gaia for 325,000 €

Luxury 1-bedroom flat in Gaia

325,000 €

£272,000

Total area 117 m²1 bedroom1 bathroom

3 weeks ago

Luxury 3-bedroom flat in Gaia for 760,000 €

Luxury 3-bedroom flat in Gaia

760,000 €

£637,000

Total area 205 m²3 bedrooms3 bathrooms

3 weeks ago

Luxurious T2 Apartment with Pool for 605,000 €

Luxurious T2 Apartment with Pool

605,000 €

£507,000

Total area 207 m²2 bedrooms2 bathrooms

3 weeks ago

Luxury 3-bedroom flat in Gaia for 730,000 €

Luxury 3-bedroom flat in Gaia

730,000 €

£612,000

Total area 125 m²3 bedrooms3 bathrooms

3 weeks ago

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First and foremost Tranio is a very motivated team of professionals who surely know their job! We are very pleased with their well-coordinated work, timeliness of responses to the questions posed, and willingness to act in case of unusual situations.
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Coldwell Banker
It is with much enthusiasm that I personally recommend Tranio for a professional business collaboration in the ﬁeld of real estate, marketing, acquisition, and ﬁnance. The fundamentals of our business relationship with Tranio were set in 2016. Mundial AG has received the company’s great reputation throughout a number of international business pai’tners and stockholders. Tranio has helped our company to expand its horizons to the global market and has established benchmarks that would extend Mundial AG’s networks. The company has exceptional connections to potential investors and has a proﬁcient team that is capable of forming compound ﬁnancial models that attract ﬁnanciers. The cooperation with Tranio is based on professionalism, effectiveness, and Hypovﬂemsbank scrupulousness. Our experiences with Tranio are encouraging and progressive, which makes them one of our preeminent business paitners.
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Z. Farkas, Mundial AG
We are glad to have a partnership with Tranio! It offers a vast online property base and the best services.

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Apartments for sale in Northern Portugal