Algarve property
Legal fees.
These are usually between 1% and 1.5% of the purchase price, plus IVA at 21% (the equivalent of VAT). We can of course recommend a lawyer to you.
next step
glossary
To buy a property in Portugal you don't need to learn portuguese, but it maybe useful to kown the name of the important documents and taxes.
01.
Certidão de Teor.
02.
Caderneta Predial.
03.
Licença de Utilização.
04.
Ficha Tecnica de Habitação.
Property glossary
useful information
Costs of Buying a Property in Portugal.
Before buying anything you should know what is the total amount that you'll spend.
•
Property Transfer Tax
•
Stamp Duty
•
Legal fees
•
Property Tax - (IMI)
•
Extras
Costs of buying a property
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Buying guide
Steps to buy a property in Portugal
1.
Use a government
licensed Estate Agent
like Rede Real agents.
2.
Non-Residents
,and Fiscal Representation.
3.
Reservation Deal
, to take the property off the market.
4.
Collect all the
documentation.
5.
Promissory Contract
, buyer and seller agree on the deal.
6.
The
property transfer tax
should be paid.
7.
Final Deed
signed at the Notary’s office.
8.
Registration
in your name.
Steps to buy a property
Corporate Ownership
.
Owning a
property in Portugal
using an
Corporate Ownership
.
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Date: 05-12-2008