Buyers Information

Buyer's Information - Your Guide to Portuguese Real Estate.

Discover the advantages of buying property in Portugal, a country celebrated for its diverse landscapes, welcoming communities, and favorable investment climate. Whether you’re an investor, looking to relocate, or dreaming of a vacation home, our tailored guides for Investors, Relocators, provide all the essential information to make your property journey in Portugal a success.

Portugal stands out as a premier destination for property buyers, offering more than just scenic beauty; it presents a lifestyle enriched by its temperate climate, hospitable locals, and a tapestry of cultural history.

The allure of Portugal extends to its advantageous real estate market, characterized by competitive pricing and bolstered by beneficial tax policies such as the Non-Habitual Resident (NHR) program and the Golden Visa scheme, which grants residency to investors. This makes Portugal an ideal choice for those seeking profitable investment opportunities, a serene retirement setting, or a vacation home under the sun. With its blend of modern amenities and traditional charm, Portugal caters to a diverse array of desires, solidifying its status as a top-tier location for living, investing, and leisure.

Your Trusted Partner in Real Estate Success

At Novvanest, we expertly connect buyers with Portugal’s best real estate, catering to investors, relocators, and vacation home seekers.

Our dedicated team offers personalized guidance in your journey to find the ideal investment, relocation, or holiday property across Portugal’s most desirable locations.

Years of experience in the Portuguese property market.

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Of successful, profitable investment deals across Portugal.

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Trusted, local experts motivated to find you the best possible deal on the best possible property.

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Buying Process

1. Obtain a NIF

This tax identification number is crucial for property transactions in Portugal. It can be acquired through a Portuguese bank account or directly from a tax office

2. Property Search and Selection

Explore the market for properties that meet your criteria in desired locations. Take advantage of our innovative property matchmaker service.

3. Legal Representation

Hiring a lawyer is advisable to navigate the legalities of the buying process, including contract review and due diligence.

4. Promissory Contract (Contrato Promessa de Compra e Venda - CPCV)

Once you've chosen a property, you'll sign this contract and pay a deposit, typically around 10-30% of the property price.

5. Completion (Escritura Pública de Compra e Venda)

The final step involves signing the deed in front of a notary, paying the remaining balance, and officially transferring ownership

6. Registration:

Financing and Mortgages

Navigating the mortgage and financing landscape in Portugal for foreigners is made simple with the right information. Buyers can generally secure up to 60-70% financing for their chosen property, with a variety of competitive rates and terms offered by banks. Early engagement in the mortgage process is recommended to establish a clear financial plan for your property acquisition. For a comprehensive exploration of this topic, delve into our dedicated blog post, which provides extensive insights.

If the process seems daunting or you’re seeking further clarification, don’t hesitate to click the Contact Us button. Our approachable chatbot is on standby to offer tailored advice, steering you through our property matchmaker service to pinpoint your ideal property in Portugal—be it for investment purposes, relocation, or securing that idyllic vacation home.

Our goal is to streamline the financial aspects of purchasing property in Portugal, empowering you with knowledge and confidence throughout your buying journey

Summary of Portugal Property Taxes

When purchasing property in Portugal, buyers face several key taxes and fees, integral to the acquisition process. These include the Immovable Property Tax (IMI), Property Purchase Tax (IMT), and Stamp Duty (IS), each with its own set of rates and calculation methods. Non-residents buying property in Portugal are subject to these taxes, with IMI rates ranging from 0.3% to 0.45% depending on the property’s location and type.

The IMT varies based on the property’s value and purpose, with exemptions available under certain conditions. Additionally, a wealth tax (AIMI) applies to properties valued over €600,000, and capital gains tax is levied on the sale of properties, with specific exemptions for primary residences. Understanding these tax obligations is crucial for a smooth property purchase in Portugal.

For a more detailed exploration of these taxes and how they might affect your property purchase, visit our dedicated blog post. If you need further clarification or wish to discuss your options, click the Contact Us button to speak with our chatbot, offering personalized advice and guidance through the property buying process in Portugal.

Discover Portugal: Your Dream Destination for Investment and Living

Portugal beckons with its sun-drenched coastlines, vibrant culture, and enticing tax benefits, making it an ideal locale for investors, relocators, and those seeking a picturesque vacation home. From the bustling streets of Lisbon to the serene Algarve beaches, Portugal offers a lifestyle and investment opportunity unmatched in Europe. The journey to property ownership here is streamlined, encompassing everything from legal considerations to financing, all within a welcoming legal and tax framework.

Eager to learn more? Our blog dives into the details of living and investing in Portugal, with specialized guides for investors, relocators, and vacation home seekers to navigate the market with ease. If you’re ready to start your Portuguese property journey, click the Contact Us button. Our chatbot is on standby to offer personalized assistance, making your path to owning a piece of Portugal as smooth as possible.

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Buyers Information