- Investing in Portugal
- About Us
The Portuguese real estate sector is wildly popular globally with investment procedures similar to other European countries. Knight Frank’s “The Wealth Report 2021” research highlighted Lisbon as one of the few cities out of 22 worldwide that would see a rise in price of an average of 4%.
Investing remotely is fairly straightforward however Quintela + Penalva | Knight Frank recommend you engage the services of a reputable agent, lawyer and notary when buying a property. Contact us for any research, advice or referrals you might need. The first steps to follow are:
In Portugal, it is usually the property owner – the seller – who pays the estate agent’s commission.
Purchase costs are itemised once the property has been reserved.
Property acquisition one-off costs
IMT (Municipal transaction / Purchase tax):
Up to 7,5% of the sale price
Stamp Duty (“Imposto de Selo”):
0,8% of the purchase value as confirmed on the public deed
Land registry fee:
0,5% of the purchase value as confirmed
Property acquisition recurring costs
IMI (Municipal tax on immovable property):
0,3-0,45% of the tax equity
€1-2 m² per month
Property sale one-off costs
Tax on profit / capital gains (“Mais valias” -conditional if reinvested within 3 years)