More and more foreign citizens are buying real estate in Portugal. And many do not even move to the country, but either live on two states, or make a purchase, just investing, investing money. Why Portugal? Most customers point to the advantages, above all,

  • standard of living;
  • advantageous location in relation to Europe;
  • the ocean;

good conditions for doing business.
However, the purchase of an apartment, house or just a plot of land for development involves compliance and some caution. This applies not only to Portugal. Anywhere in the world, serious investment requires a serious approach. Just in this country, there are subtleties to which it is recommended to pay special attention.


Of the advantages we will note:
The ability to choose a suitable location;
participation in the architectural planning and budget allocation;
5-year warranty from the contractor.
From an economic point of view, this option is more profitable compared to the purchase of a ready-made building.
But there are also disadvantages. First of all, it is bureaucracy. It is necessary to collect certificates and permits, to apply to special authorities, to spend time, to order materials, which are not always available not only in the place of planned construction, but even in the country ……. If you are ready for such difficulties, of course, build from scratch. But if there is no goal to build a building, and you just want to move in and live “to the fullest”, then you need to choose a ready-made building.

Buying to renovate or overhaul

A building or apartment that requires renovation or restoration is a better financial purchase. Representatives of government agencies and services are more loyal and issue the necessary permits. All the necessary information is obtained quickly. Repairs can be done “on their own.

If we talk about restoration, then in first place in the minuses is the risk of exceeding the planned budget. And to exceed quite significantly, sometimes even several times the originally planned amount. Why? Because of ignorance and inexperience. The main reference point is the indicated cost. Savings are noticeable in comparison with a suitable option for life, but when work begins, the bills sometimes exceed all expectations.
But the “pluses” of the successfully chosen for the restoration of the building can in an instant “cross out” all the minuses. There are many ancient castles and mansions in Portugal, which, in fact, are historical monuments (albeit officially unrecognized). For those who have dreamed of living in a real castle, which option would be more advantageous – to build your own from scratch, or buy a building from the 17th-18th centuries, which once housed members of the royal family, put it in order, and then live, creating a new history? Of course, the second option is more interesting.

Real estate in Portugal on a turnkey basis

What kind of ad for sale are we used to seeing? “A 4-bedroom apartment for sale in the center” or “A comfortable 2-story house for sale in the suburbs,” right? That’s not the case in Portugal. Only the number of bedrooms is listed here. Living room, kitchen and bathrooms are not included. Save yourself a little “cheat sheet” and share it with those who, like you, are planning to move to their dream country.
So, in Portugal, the listings include the following designations:
T0. It is a house or a studio apartment. That is, the living space, in which the space is not divided into rooms, and is one.

Only the bathroom is separate;

  • T1. It is a one-room apartment or one-room house;
  • T2. An apartment/home with two bedrooms;
  • T3. Apartment/home with three bedrooms;
  • T4. Apartment/home with four bedrooms;
  • T5. Apartment/house with five bedrooms.

If the house or apartment has another room without a window, it will be marked as “+1”. Most often such a room is used as a dressing room, storage room.
By the way, developers in Portugal have an amazing “habit”. They sell real estate already furnished with a bathroom and kitchen.
The most expensive real estate is expected in Lisbon. In second place – Cascais, in third place – Porto.

Buying any real estate means a serious investment, if you do not understand the matter, we recommend you to consult our experts who know the prices, laws, and conditions of the transaction.

Purchase Contract

As in any country, there is an approved form of contract. The document must

  • specifyIdentificação do vendedor e do comprador (identification of the buyer and seller);
  • identificação do imóvel (data of the subject of the contract);
  • preço da compra e venda (value);


descrição dos termos e condições de pagamento (description of payment terms);
prazo para a realização da escritura pública (date of notarization).
Once the notarial deed of sale has been signed and executed, it must be registered with the Conservatória do Registo Predial (land registry).

It is mandatory to pay a 1-8% Imposto Municipal sobre Transmissões Onerosas de Imóveis, IMT (tax on burdensome transfers), at 0.8% of the purchase price (fixed rate), and Imposto Municipal sobre Imóveis, IMI (property tax) at 0.3-0.45% of the taxable amount.
Note. If the value of the property purchased exceeds 600,000 euros, you will have to pay an additional tax on the difference between 600,000 euros and the final amount (this is a wealth tax).

Investments in hotel properties are becoming increasingly popular.

You can buy individual apartments and profit from their rental, or you can buy a share in the hotel itself and receive a percentage of the income of this business.
Residence permit in Portugal to buy real estate
Many wealthy people choose Portugal because of the opportunity to quickly obtain a European residence permit, which has a lot of advantages, for the whole family.
Registration takes 2 months.

Financially independent people are recommended to apply for a D7.

This is a visa for “cosmopolitans” who have a stable income outside of Portugal. To do this you must buy or rent any real estate for residence in the country and to confirm his income in an official document, which will indicate that the applicant receives at least 705 euros per month. Five years after receiving the D7, you can apply for citizenship. For this you do not have to give up the first one. Portugal is one of the few countries that recognize second citizenship.
Our clients often ask: – Can I buy a property in Portugal with a mortgage?
Of course you can. But only if you are not interested in a residence permit for investment. The country has very favorable credit conditions, but citizenship through a mortgage can not be obtained.

Residence permit for investment is also called the “golden visa”. This category of investors has many advantages.

For example, to obtain a normal residence permit must live in the country for at least 183 days, and the holders of the “golden visa” enough week.
Golden Visa” allows you to travel throughout the EU, staying in each country up to 90 days without obtaining additional documents and permits.

Children and other family members can be added to the application for a “golden visa” immediately. Thus, the paperwork will go much faster.
To get a residence permit in the country, you do not have to buy real estate. You can invest in research, business, culture/science or venture capital funds.

The best way to save effort and problems with bureaucracy when buying real estate is to contact the agency Rocaestate

Faced with moving for the first time, buying real estate, obtaining residency or citizenship, everything can seem complicated and confusing. In fact, the procedure is simple. Moreover, we are always ready to help you. We will guide you through all the complicated stages, advice and tips. Don’t delay. The future is created today!