Sell
Buy
Living in Portugal
Find an estate agentFor sale
Möte
Financing and legal

Supplementary costs in Portugal

Remember that the property purchase price is not the only sum you need to account for to buy a property in Portugal. There are numerous other fees and taxes, so you need to allow around 5-10% on top of the purchase price to cover all of these costs.

Taxes
In Portugal you pay IMT (Imposto Municipal sobre as Transmissões Onerosas de Imóveis) up to 7% depending of the purchase price. In addition to this, you will pay 0,8% in stamp duty.

Public Notary fees
The buyer is responsible for paying the Public Notary's fees when the partners exchange contracts. The cost can be difficult to calculate in advance as a range of different factors are involved. However, a reliable rule of thumb is that the fees will be in a range of €500-€1,000. 

Registration duties
The buyer also has to pay to register as the new owner in the property register. Again, it is difficult to calculate the exact cost in advance, but a good rule of thumb is to budget up to €250 for the registration.

Connection fees
When you take over a property in Portugal, you have to pay connection fees and/or duties in order to change the name on the utility contracts for water, drainage, electricity and gas.

Financing costs
If you choose to take out a mortgage to finance part of your property purchase, then some additional costs will apply. Generally, allow 1000 € on set up fees. The precise cost will depend on the lending agreement in place between you and your bank.