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From 335,000 €
From £281,000
Built in 2019Total of 60 apartments
Residential complex
500,000 €
£419,000
Total area 118 m²Land area: 34 m²2 bedrooms2 bathrooms
The Community — investment apartments by Aqua Properties with 9,5% yield per annum in the center of the developing area of Motor City, Dubai

3% discount on apartments

Residential complex

Sea view

Sea view

Sea view

550,000 €
£461,000
Total area 82 m²1 bedroom1 bathroom

Sea view

550,000 €
£461,000
Total area 99 m²1 bedroom1 bathroom
Discounted properties upon request

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

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Ksenia Kolesnikova
Ksenia Kolesnikova,
Client manager
  • We find off-market properties We find off-market properties
  • We organise viewings We organise viewings
  • We assist in obtaining a mortgage We assist in obtaining a mortgage

Sea view

Sea view

Sea view

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      Svetlana Larionova
      Svetlana Larionova,
      Real Estate Expert Tranio Europe
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        FAQ about Setubal
        Can foreign nationals take out mortgage loans in Setubal?
        Yes, non-residents can be issued a mortgage loan to buy property in Setubal. 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 Setubal?
        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 Setubal?
        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 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.

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          • 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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          Real Estate Expert Tranio in Setubal
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