Buying Process of a house

BECOMING A PROPERTY OWNER IN PORTUGAL

Becoming a property owner is an exciting process but while this is a time for celebration, we also appreciate that it can also be overwhelming with the various opportunities and details to consider. To ensure our clients are well informed and in order to help you to make your decision, we have detailed important information that you should be aware of when buying and owning properties.

The Calvolima Team is always available to assist you and help you throughout the process. While this is general information, this is an important starting point.

BECOMING A PROPERTY OWNER IN PORTUGAL

Becoming a property owner is an exciting process but while this is a time for celebration, we also appreciate that it can also be overwhelming with the various opportunities and details to consider. To ensure our clients are well informed and in order to help you to make your decision, we have detailed important information that you should be aware of when buying and owning properties.

The Calvolima Team is always available to assist you and help you throughout the process. While this is general information, this is an important starting point.

Establish what type of property suits your needs and budget (apartment, house or plot of land for construction).

Define what will be the main use for the property: as a residence, a holiday home or to rent.

Define what will be the main use for the property: as a residence, a holiday home or to rent.

The next step will be the promise of purchase and sale contract agreement, in which the seller and the buyer agree to execute the definitive property transfer contract agreement in accordance with the agreed conditions. This contract must include the value of the transaction, the form of payment, the value of the signal and the maximum term for the conclusion of the definitive contract agreement.

Finally, the most common way of transferring an imóvel is a deed of purchase and sale.

Finally, remember the legal title to transfer the property is the Notarial Deed (Escritura).

BUYING PROCESS OF A PROPERTY IN PORTUGAL

PROPERTY TAXES

PROPERTY TAXES

Have questions about the process?

Contact us, our team is available to help you!

Have questions about the process?

Contact us, our team is available to help you!

Have questions about the process?
Contact us, our team is available to help you!

Have questions about the process?

Contact us, our team is available to help you!

The Municipal Property Transfer Tax (IMT) and the Stamp Duty are calculated on the sale price of the property. Stamp Duty is calculated at a fixed rate of 0.8%, while IMT is calculated based on a table, updated annually.

The Municipal Property Transfer Tax (IMT) and the Stamp Duty are calculated on the sale price of the property. Stamp Duty is calculated at a fixed rate of 0.8%, while IMT is calculated based on a table, updated annually.
 

The Municipal Property Transfer Tax (IMT) and the Stamp Duty are calculated on the sale price of the property. Stamp Duty is calculated at a fixed rate of 0.8%, while IMT is calculated based on a table, updated annually.