*Just a note on this information: the IMT and stamp duty is correct, but IMI is your Municipal council tax you pay every year and not something you as a buyer pays at the deed...*
Aside from the cost of the house/property, why does it seem another 1/3 of the house cost is added for other fees? Can you show an example of a break itemized line by line of a house that is £300,000?
I can understand how foreign real estate speculation in Portugal can create difficulties for local residents, and it's important to address these concerns. It's worth noting that the appeal of investing in Portugal's real estate market is driven by various factors. Portugal has been attracting international investors due to its relatively lower property prices compared to other European countries, favorable tax policies, and a growing tourism industry. While this influx of foreign investment can have negative effects on locals, it's crucial to find a balance that supports both the local community and economic growth. By raising awareness about the challenges faced by residents, hopefully government can work towards sustainable solutions that ensure the well-being of everyone involved. Thank you Luis for sharing your perspective and shedding light on this issue.
There was never a balance.. probably you dont know portuguese language but you can read online portuguese newspapers with some web translator. There is a severe house crisis in Portugal due to real estate speculation. Life is becoming really hard for those here that need a house to live or work. If you have some savings find responsible investments. Thats the opposite of real estate investment in Portugal for speculation ir short rentals for tourists.
looking for a do upper with lots of land up a mountain min 10500 ft above sea level possibly a small farm orchard away from people house with out buildings .
hi. I know that as a non-EU citizen, I can buy a house in Portugal like any other foreigner but can this buying, bring me a residence permit? I mean if I buy a house with any budget can I live in Portugal in my house, or for that permit my investment should reach a minimum investment on the real estate (like golden visa for example)?
Hey Hou-Man Regarding stamp duty, in Portugal, it is commonly known as the Imposto Municipal sobre Transmissões Onerosas de Imóveis (IMT). The IMT rates are progressive and depend on factors such as the property value, location, and the buyer's status (individual or corporation). The rates range from 1% to 8%, with higher percentages typically applicable to more expensive properties. It's important to note that there may be exemptions or reductions in certain circumstances, such as first-time buyers or low-cost housing. In terms of legal fees, they can also vary depending on several factors, including the complexity of the transaction and the services provided by the lawyer. Typically, legal fees in Portugal range from 1% to 2% of the property value. However, it's essential to consult with a lawyer or a reputable legal professional who can provide you with accurate information based on your specific situation and requirements. To ensure transparency and avoid any surprises, i would recommended that you engage a qualified lawyer who specializes in real estate transactions. They will guide you through the process, explain all associated costs, and provide you with a detailed breakdown of expenses involved in buying property in Portugal. Let me know if you need any recommendations. I hope this insight helps you, and I wish you success in your property endeavors in Portugal. Best Yared
@@YaredNestSeekers on google it says i cant get a house unless i have a business ltd i want to use cash to bye and have found many places i would love to do up on ebay what do i need to do is it possible .
Yes, it is possible for non-European Union citizens, including Indians, to buy land in Portugal, including farmland. However, there are certain regulations and restrictions that need to be considered. In general, non-EU citizens are required to obtain authorization from the Portuguese authorities known as the Foreigners and Borders Service (SEF) to purchase agricultural land. This process involves submitting an application and demonstrating that the land acquisition will contribute to agricultural or rural development in Portugal. Additionally, there might be specific regional and municipal regulations that vary depending on the location and purpose of the land purchase. It is advisable to consult with a specialized lawyer or seek guidance from the SEF or other relevant authorities to ensure compliance with all legal requirements. It's important to note that regulations and policies related to land acquisition can change over time. Therefore, it is essential to stay updated with the latest information and consult with professionals who are knowledgeable about the specific rules and procedures involved in buying farmland in Portugal. Overall, while non-EU citizens, including Indians, can potentially buy farmland in Portugal, it is crucial to navigate the legal process and requirements to ensure a smooth and compliant acquisition. Best Yared
*Just a note on this information: the IMT and stamp duty is correct, but IMI is your Municipal council tax you pay every year and not something you as a buyer pays at the deed...*
Aside from the cost of the house/property, why does it seem another 1/3 of the house cost is added for other fees? Can you show an example of a break itemized line by line of a house that is £300,000?
How find property in lisbon and Setúbal
Foreign real estate speculation in Portugal is making life impossible fot the locals... You all should know that.
I can understand how foreign real estate speculation in Portugal can create difficulties for local residents, and it's important to address these concerns.
It's worth noting that the appeal of investing in Portugal's real estate market is driven by various factors. Portugal has been attracting international investors due to its relatively lower property prices compared to other European countries, favorable tax policies, and a growing tourism industry. While this influx of foreign investment can have negative effects on locals, it's crucial to find a balance that supports both the local community and economic growth.
By raising awareness about the challenges faced by residents, hopefully government can work towards sustainable solutions that ensure the well-being of everyone involved. Thank you Luis for sharing your perspective and shedding light on this issue.
There was never a balance.. probably you dont know portuguese language but you can read online portuguese newspapers with some web translator. There is a severe house crisis in Portugal due to real estate speculation. Life is becoming really hard for those here that need a house to live or work. If you have some savings find responsible investments. Thats the opposite of real estate investment in Portugal for speculation ir short rentals for tourists.
looking for a do upper with lots of land up a mountain min 10500 ft above sea level possibly a small farm orchard away from people house with out buildings .
hi. I know that as a non-EU citizen, I can buy a house in Portugal like any other foreigner but can this buying, bring me a residence permit? I mean if I buy a house with any budget can I live in Portugal in my house, or for that permit my investment should reach a minimum investment on the real estate (like golden visa for example)?
In general, how much stamp duty should pay to the government and lawyers?
Hey Hou-Man
Regarding stamp duty, in Portugal, it is commonly known as the Imposto Municipal sobre Transmissões Onerosas de Imóveis (IMT). The IMT rates are progressive and depend on factors such as the property value, location, and the buyer's status (individual or corporation).
The rates range from 1% to 8%, with higher percentages typically applicable to more expensive properties. It's important to note that there may be exemptions or reductions in certain circumstances, such as first-time buyers or low-cost housing.
In terms of legal fees, they can also vary depending on several factors, including the complexity of the transaction and the services provided by the lawyer. Typically, legal fees in Portugal range from 1% to 2% of the property value. However, it's essential to consult with a lawyer or a reputable legal professional who can provide you with accurate information based on your specific situation and requirements.
To ensure transparency and avoid any surprises, i would recommended that you engage a qualified lawyer who specializes in real estate transactions. They will guide you through the process, explain all associated costs, and provide you with a detailed breakdown of expenses involved in buying property in Portugal. Let me know if you need any recommendations.
I hope this insight helps you, and I wish you success in your property endeavors in Portugal.
Best Yared
Great info Hagos
thanks@@bennygeorge7742 Let me know if you might have any questions. 👍🏾
@@YaredNestSeekers on google it says i cant get a house unless i have a business ltd i want to use cash to bye and have found many places i would love to do up on ebay what do i need to do is it possible .
Is it possible to buy a flat with Resident card -TRC ?
Yes
Can an Indian buy farmland in Portugal?
Why not ?
Yes, it is possible for non-European Union citizens, including Indians, to buy land in Portugal, including farmland. However, there are certain regulations and restrictions that need to be considered.
In general, non-EU citizens are required to obtain authorization from the Portuguese authorities known as the Foreigners and Borders Service (SEF) to purchase agricultural land. This process involves submitting an application and demonstrating that the land acquisition will contribute to agricultural or rural development in Portugal.
Additionally, there might be specific regional and municipal regulations that vary depending on the location and purpose of the land purchase. It is advisable to consult with a specialized lawyer or seek guidance from the SEF or other relevant authorities to ensure compliance with all legal requirements.
It's important to note that regulations and policies related to land acquisition can change over time. Therefore, it is essential to stay updated with the latest information and consult with professionals who are knowledgeable about the specific rules and procedures involved in buying farmland in Portugal.
Overall, while non-EU citizens, including Indians, can potentially buy farmland in Portugal, it is crucial to navigate the legal process and requirements to ensure a smooth and compliant acquisition.
Best Yared
Only farmland not a house? Or apartment?