Portugal has become southern Europe's expat magnet — Lisbon, Porto and the Algarve combine lifestyle, safety and ~5.5% gross yields. Foreign buyers face no restrictions once they hold a NIF (tax number).
Buying costs are meaningful: IMT transfer tax (banded), stamp duty and notary/registration take totals to roughly 8–10%. The property Golden Visa route closed — residency now runs through other investment types.
Market overview
The CPCV (promissory contract) with a 10–30% deposit legally binds both sides — if the seller withdraws they owe double the deposit back. Banks like Millennium BCP and CGD lend to non-residents around 70% LTV. Confirm the Caderneta Predial (tax record) and Licença de Utilização before signing anything.
Popular locations:
Mortgage rates in Portugal (June 2026)
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True cost of buying & owning
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