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AIMA Portugal > Blog > Immigration > Houses for Sale in Portugal
Immigration

Houses for Sale in Portugal

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Last updated: 2024/05/03 at 3:29 AM
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Are you here looking for houses for sale in Portugal? Don’t worry; you have reached the right source for your destination. If you have made a decision to live permanently in Portugal by making your own house, it is quite natural to have doubts and questions in your mind. Particularly you can get confused when it comes to choosing one from houses for sale in Portugal, and they can be even more intimidating. 

If you are worried about the documentation or the forms of payment, you are worried for nothing becauses the mission of buying houses for sale in Portugal is easier than your imagination. So, take a deep breath and be ready to get all your doubts and confusions solved. In this article, you will find out how to make the best decision for buying houses for sale in Portugal.  

How Can You Get Houses For Sale in Portugal?

If you are one of those who have an intention of living in Portugal, it can be one of the first thoughts to buy houses for sale in Portugal. The best thing is that it can be easier than you thought it would be for the first time.

When you purchase a home from the houses for sale in Portugal, you will not face many variations in the procedure between foreigners and Portuguese buyers. You can do a fair comparison of the whole procedure for both cases. 

Houses for Sale in Portugal
Houses for Sale in Portugal

Since there might not be a relationship as an account holder in a Portuguese bank, the search has to start over in order to determine the major difference, whether financing is an option.

Here is a step-by-step guide on how you can get the best options in the houses for sale in Portugal to purchase a home for you. 

1. Define What You Are Looking For

The first thing you have to do before you start your work on exploring houses for sale in Portugal is to be clear about which kind of house you need. At this point, you should think about both aspects of the house you will choose from the houses for sale in Portugal, such as the number of bedrooms, location, and state of maintenance of the house. 

Still, besides all this, you should also cover the economical aspect, such as the budget for the house, i.e., how much money you have available to buy a house.

2. Start the House Search

It can sound a bit tiresome task for you to search for houses for sale in Portugal, particularly if you are still living outside the country. However, it can be easier as well; let’s see how!

You can search a house for you by going through the houses for sale in Porugal by some different methods. The most conventional way is by seeking the services of a real estate agent, which will give you more customized service, the broker can assist you get the perfect house, with the characteristics that you need.

Houses for Sale in Portugal
Houses for Sale in Portugal

However, you should not restrict your search to realtors; there are excellent websites for real estate in Portugal where you can find good options of houses for sale in Portugal. Several of these websites have video presentations in addition to pictures, and some even feature advertisements from the real estate companies themselves. 

3. Visit

If you want to do a successful purchase, then you must visit the houses for sale in Portugal yourself. to the property is essential for a successful purchase. At this time take full advantage of the opportunity to observe the area, whether you plan to live there or do an investment; it is very important to know what is the location of your future house or property.

Make sure you visit the property thoroughly and examine the building, the conservation status, and any potential issues. Examine the walls and closets carefully for any potential issues, as mold is a typical problem in Portuguese real estate, particularly during the winter. 

4. Close the Conditions

The terms and conditions of your purchase can differ a lot and a good agreement can create all the difference. At this stage, your broker can assist you well in the process of defining the conditions.

Houses for Sale in Portugal
Houses for Sale in Portugal

5. Preparing Documentation

Before you start the process of searching for houses for sale in Portugal, it would be a great idea to have a look at the documents you need for the purchase. So, when you close the deal of your agreement, the further moves will get easier if your paperwork is complete. 

We will go into more depth about each of them below; it is best to have all of your paperwork together before beginning, both personal and financial.

The written contract of buy and sale between the two parties is an important part of this step, which is necessary to formalize the terms of the purchase and the specifics of the deal. 

6. Transferring Money or Applying for Finance

One of the phases that causes buyers the most uncertainty is the payment for the property. How can I send money to Portugal in order to purchase real estate? Is it feasible to support oneself as a foreigner? Despite a lot of questions, the transaction is straightforward and might be more affordable when done online. It merely requires careful planning to verify the transaction limits.

Houses for Sale in Portugal
Houses for Sale in Portugal

7. Doing the Deed

When you have got all the formalities completed, like closing the agreement, defining payment, etc., the time has come to fulfill the final requirement for purchasing a house. You need to pass the documentation of your property to your name. After you have made the decided payment directly with the seller, both parties need just be there for the signature. 

Here is an imporant thing that you should always keep in mind when you are doing a deed of purchasing a property. At least one bank representative must be present there at the time of deed in the case of financing.  

How Much Do Houses For Sale in Portugal Cost?

There are a number of different price ranges of houses for sale in Portugal; from 50,000 to over 2 million euros. The cost to purchase a home in Portugal will vary depending on a number of variables, such as the city in which you wish to live and the size of property and level of preservation.

All the houses for sale in Portugal are in a good state, and many of them are already furnished, and you can live comfortably in them. The costs can differ much from one city to another, but if you buy a house in Porto or Lisbon, these are more expensive.

The value of a square meter for sale in Lisbon, which considers the city rather than the district, closed at 5,145€, according to the Idealista report on the evolution of the prices of houses for sale in Portugal, which was created in November 2022. In Porto, which is also considered the city rather than the district, it closed at 3,188€.

As you can see, Lisbon has far higher square footage prices than other cities. Sometimes you may have a bigger, cozier house for the same money as a tiny flat in the capital by purchasing a property in a smaller city or even one close to Lisbon. 

Houses for Sale in Portugal
Houses for Sale in Portugal

Lisbon

Parish Price
Alvalade 296,000 to 1,255,000 euros
Star 160,000 to 1,350,000 euros
Camp Oiapoque 155,000 to 520,000 euros
Mercy 195,000 to 895,000 euros
Park of Nations 214,000 to 369,000 euros
Saint Anthony 265,000 to 1,050,000 euros
Santa Maria Maior 160,000 to 990,000 euros

Houses for sale in Portugal?

Porto

Parish Price
Aldoar, Foz do Douro and Nevogilde 138,000 to 725,000 euros
Bonfim 159,000 to 540,000 euros
Campanhã 75,000 to 275,000 euros
Cedofeita, Santo Ildefonso, Sé, Miragaia, São Nicolau and Vitória 135,000 to 600,000 euros
Paranhos 65,000 to 280,000 euros

Houses for sale in Portugal

Faro

Council/ Parish Price
Faro – Sé and São Pedro 120,000 to 364,000 euros
Albufeira – Albufeira and Olhos de Água 125,000 to 640,000 euros
Portimão – Portimão 106,000 to 453 thousand euros

Houses for sale in Portugal

Braga

Parish Price
Maximinos, Sé and Cividade 135,000 to 300,000 euros
Saint Victor 215,000 to 280,000 euros
São José de São Lárzaro and São João do Souto 128,000 to 220,000 euros

Houses for sale in Portugal

Where to Find Houses to Buy in Portugal?

Looking for a house has never been easier thanks to the internet, especially if you’re buying abroad. Imovirtual and Casa Sapo are two of the most notable Portuguese real estate websites.

The internet has made the process of searching for houses for sale in Portugal much simpler than ever, in particular when you are purchasing from another country. In fact, it has never been so much easy before the era of internet. Among the sites for buying houses for sale in Porugal, the ones that stand out most are Imovirtual and Casa Sapo.

You can get refined results on both websites based on price, city, and attributes of other property. You can find a large selection of properties and make your selection based on your goals due to the constantly updated ads in both owner and real estate agent magazines.

It is important to arrange a visit before purchasing a home in Portugal if you want to prevent unpleasant surprises with the asset. 

Remax and Era are the two major real estate companies that work across the country. In addition to this, you can browse their websites to see current real estate listings across the nation. Being the biggest in the nation, you can expect a higher individualized level of service from the brokers in addition to a vast selection of properties for sale. 

What are Houses for Sale in Portugal Look Like?

You must take some time to look at some curiosities about the houses for sale in Portugal, as they differ slightly from Brazil, both in terms of architecture and functionality. Check some of them out before buying a house in Portugal.

Window on One Side Only

When you are in your venture of exploring houses for sale in Portugal, you will see one thing in common. In Portugal, apartments usually have windows on one side unless they are corner apartments. Since most buildings are constructed adjacent to one another, they only have windows on one side. 

Houses for Sale in Portugal
Houses for Sale in Portugal

Protection Against Cold

The way that the houses are insulated against the cold is another distinction. Many houses for sale in Portugal feature double-glazed windows, which are crucial in the winter months since they assist prevent the loss of heat from the building. In addition to the heating system, a lot of houses these days include dual-purpose air conditioners that can both cool and heat the house. 

Bathroom Without Window

If you come across the houses for sale in Portugal without windows, don’t panic. You can sort of understand why it is mentioned that the houses have only one front. Who would want to give up an area filled with natural light for a bathroom? As a result, exhaust fan systems, which eliminate condensation from hot water, are frequently found in bathrooms. An excellent exhaust fan is necessary, especially to prevent the mold that grows when there is moisture present.

If you are looking for fancy and comfortable houses for sale in Portugal, you must know how the houses look like in this country. You don’t need to get worried about the process of buying a house even if you are sitting outside Portugal. There are reliable sites that can help you find the best options of houses for sale in Portugal and these are mentioned in this article. You can visit these sites and also have video tutorials to observe the houses in more detail. After you have finalized the house of your dreams, you have to fulfill some formalities to own it. Once you did it, the house is yours!

FAQs

Q1. What are the taxes on buying a house in Portugal?

You usually have to pay taxes when you are buying a house in Portugal, just like it is in Brazil. The taxes in Portugal that are assessed on this kind of transaction are:

  • IMI – Municipal Property Tax, which is paid yearly
  • IMT – Municipal Tax on Onerous Transmissions of Real Estate, paid just when you buy a property and on the amount mentioned in the deed
  • Stamp Duty is levied on all documents, contracts, titles, deeds, etc.

Q2. How to buy a house in Portugal?

All you need is enough cash on hand to cover the payment of property. Sending money to Portugal requires the use of sending platforms and the presentation of proof of the source of the funds. The platforms will request your income tax return in order to confirm the legitimacy of the money in accordance with Central Bank regulations. 

Q3. What is the best part of Portugal to stay in?

Lisbon really has it all, from world-class museums and art galleries to gorgeous white sand beaches located just outside the city limits. This incredibly charming city is a stunning fusion of the antique and the advance. 

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admin May 3, 2024 May 3, 2024
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