Can foreign nationals take out mortgage loans in Setubal (city)?

Yes, non-residents can be issued a mortgage loan to buy property in Setubal (city). 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 (city)?

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 (city)?

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.

Property for Sale in Setubal (city), Buy Real Estate from 380,000€

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Furnished apartment with a garden and views of the Tagus River in Alcochete, Setubal, Portugal for 500,000 €

Furnished apartment with a garden and views of the Tagus River in Alcochete, Setubal, Portugal

500,000 €

£422,000

Total area 118 m²Land area: 34 m²2 bedrooms2 bathrooms

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 €

£464,000

Total area 99 m²1 bedroom1 bathroom

3% discount on apartments

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 142,000 €

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

Residential complex

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 €

£464,000

Total area 82 m²1 bedroom1 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 €

£355,000

Total area 54 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 €

£321,000

Total area 48 m²1 bathroom

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

Sea view

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

450,000 €

£380,000

Total area 63 m²1 bathroom

Discounted properties upon request

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

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Client manager

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

Sea view

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

450,000 €

£380,000

Total area 68 m²1 bathroom

Sea view

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

380,000 €

£321,000

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 €

£321,000

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 €

£321,000

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 €

£355,000

Total area 51 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 €

£380,000

Total area 63 m²1 bathroom

4-bedrooms villa 260 m² in Setubal (city), Portugal for 1,320,000 €

4-bedrooms villa 260 m² in Setubal (city), Portugal

1,320,000 €

£1,115,000

Total area 260 m²Land area: 1,053 m²4 bedrooms4 bathrooms

Four-room apartment with a garden on the banks of the Tagus River in Alcochete, Setubal, Portugal for 725,000 €

Four-room apartment with a garden on the banks of the Tagus River in Alcochete, Setubal, Portugal

725,000 €

£612,000

Total area 441 m²Land area: 66 m²3 bedrooms3 bathrooms

Two-bedroom apartment overlooking the Tagus River in Alcochete, Setubal, Portugal for 505,000 €

Two-bedroom apartment overlooking the Tagus River in Alcochete, Setubal, Portugal

505,000 €

£426,000

Total area 113 m²2 bedrooms2 bathrooms

7-bedrooms villa 294 m² in Setubal (city), Portugal for 590,000 €

7-bedrooms villa 294 m² in Setubal (city), Portugal

590,000 €

£498,000

Total area 294 m²Land area: 885 m²7 bedrooms2 bathrooms

Agricultural 300 m² in Setubal (city), Portugal for 990,000 €

Agricultural 300 m² in Setubal (city), Portugal

990,000 €

£836,000

Total area 300 m²Land area: 47,000 m²5 bedrooms2 bathrooms

Agricultural 628 m² in Setubal (city), Portugal for 4,200,000 €

Agricultural 628 m² in Setubal (city), Portugal

4,200,000 €

£3,546,000

Total area 628 m²Land area: 121,940 m²12 bedrooms6 bathrooms

Agricultural 204 m² in Setubal (city), Portugal for 950,000 €

Agricultural 204 m² in Setubal (city), Portugal

950,000 €

£802,000

Total area 204 m²Land area: 27,630 m²5 bedrooms3 bathrooms

Duplex apartment with a pool, Setubal, Portugal for 585,000 €

Sea view

Duplex apartment with a pool, Setubal, Portugal

585,000 €

£494,000

Total area 105 m²

New apartment with a sea view, Setubal, Portugal for 575,000 €

Sea view

New apartment with a sea view, Setubal, Portugal

575,000 €

£486,000

Total area 103 m²

Townhome in Alcácer do Sal, Portugal for 600,000 €

Townhome in Alcácer do Sal, Portugal

600,000 €

£507,000

Land area: 174 m²

Agricultural in Alcácer do Sal, Portugal for 2,985,000 €

Agricultural in Alcácer do Sal, Portugal

2,985,000 €

£2,520,000

Land area: 3,190,000 m²

3-bedrooms apartment 162 m² in Setubal (city), Portugal for 660,000 €

With swimming pool

3-bedrooms apartment 162 m² in Setubal (city), Portugal

660,000 €

£557,000

Total area 162 m²3 bedrooms4 bathrooms

Apartment 277 m² in Setubal (city), Portugal for 749,000 €

Apartment 277 m² in Setubal (city), Portugal

749,000 €

£632,000

Total area 277 m²

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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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Property for sale in Setubal (city)