Search For Real Estate To Buy In Portugal
Portugal is a country located in the Iberian Peninsula, a country with a high standard of living, with modern medicine and social insurance, with a strong economy and a subtropical climate. Portugal is the best choice for someone who plans to stay abroad for permanent residence. It is the best option for foreigners planning to invest in the country, create their own business, obtain a permanent residence permit and subsequently Portuguese citizenship. Foreigners who buy real estate in Portugal have the right to participate in the Golden Residence Permit Program.
*The cost of services for the selection of real estate for purchase is - 1.5-3% of the object value. The price includes services to legal support the conclusion of a transaction for the purchase of real estate.
This service includes:
- selection of real estate in any city of Portugal;
- consultation and support of lawyers at each stage of the selection and purchase of real estate;
- verification of documentation on real estate, in order to prevent problems with housing;
- organization of a meeting with the owner of the real estate;
- preliminary inspection of real estate;
- coordination of the value of the real estate.
The cost of real estate in Portugal depends on certain factors:
- settlement (city, town, village);
- the square of real estate;
- technical condition of real estate;
- availability of appliances and furniture;
- distance from the center within the settlement.
Types of real estate in Portugal:
- residential (includes apartments, houses, villas, cottages, etc.);
- commercial (includes office space, warehouses, production, retail space, etc.).
When buying apartments in Portugal, there is a certain nomenclature:
- T0 – studio apartment;
- T1 – apartment with 1 bedroom and hall;
- T2 – apartment with 2 bedrooms and a hall.
The average cost of 1 square meter of real estate in some cities in Portugal:
- Porto – from 3200 €/1 m2;
- Coimbra - from 2500 €/1 m2;
- Lisbon - from 3800 €/1 m2;
- Oeiras - from 2500 €/1 m2;
- Cascais - from 2900 €/1 m2;
- Portalegre - from 600 €/1 m2;
- Lole - from 2500 €/1 m2;
- Guarda - from 700 €/1 m2;
- Vila Real - from 1000 €/1 m2.
The main taxes that the buyer pays when buying real estate in Portugal:
- Real estate Tax (IMI) – paid annually;
- Tax on the transfer of real estate (IMT) – paid when buying the real estate itself;
- Stamp duty.
First Legal Portugal specializes in finding real estate in Portugal for non-residents. With First Legal Portugal, you can buy real estate both for personal use and for profitable investments, because Portugal is one of the most promising countries in the European Union!
We help to purchase the following types of real estate:
- apartments;
- houses;
- land plots;
- commercial real estate (offices, warehouses, commercial premises, production facilities, etc.);
- real estate for obtaining a residence permit in Portugal (Golden Visa).
Specialists of First Legal Portugal will be happy to advise you on the purchase of real estate in Portugal, agree on the inspection of the object you are interested in and fully accompany you during the process of selecting real estate for purchase in Portugal.
