Buying a property in Portugal

Silver Holidays can help to find you the ideal property and also help and guide you through the buying process.
When you start looking and making the initial contact be upfront and give as much information as possible on the type of property you’re looking for. The more information we have, the better chance we have of inding you a good match. 
When requiring a mortgage to help support your property purchase, we can also help if required and we have developed good working relations with banks that can lend to non-residents (maximum value of the mortgage will be 70% of the bank valuation of the property)
If you would like to receive more information on mortgages or have any questions on this please contact us at 
We strongly recommend using a local lawyer when buying your property who will check all the relevant paperwork of the property and make the actual buying contracts and guide you through the buying process. We can recommend various lawyers that we have worked with over the past years
Portuguese Fiscal number:
The first thing that you need to do is obtain a Portuguese Fiscal number, given by the finance department of Portugal. This gives you an identity in the country and Silver Holidays can obtain this for you or we can recommend if required a lawyer to take care of these procedures.
To obtain a Portuguese fiscal number is quite easy and when the paperwork is in order this normally can be done within 48 hours after the application
Promissory contract:
Now it starts to get serious.
The promissory contract is a binding first contract between buyer and seller (prepared by the lawyer according to Portuguese law) explaining the full purchase details such as the price, agreed completion dates, inventories and any other items that have been agreed between the 2 parties.
When signing this contract the buyer will need to pay a deposit of normally 10% of the total agreed purchase price
The final deed
Almost time to celebrate.
The final deed will always be signed in front of a Notary and prepared by both lawyers, and where you will pay the final balance of the purchase.  Your lawyer will do the registration of the property in the Finance and Land registry and pay on your behalf the Transmission Land Tax and the Stamp Duty
Calculations of Stamp Duty
Please see below the calculations for Stamp Duty,
If is for main residence:
Taxable Income Tax Deducted portion
Until 92.407,00 € 0% 0,00 €
More then 92.407,00 € to 126.403,00 € 2% 1.848,14 €
More then 126.403,00 € to 172.348,00 € 5% 5.640,23 €
More then 172.348,00 € to 287.213,00 € 7% 9.087,22 €
More then 287.213,00 € to 574.323,00 € 8% 11.959,26 €
More then 574.323,00 € 6% 0,00 €
If is for secondary residence:
Taxable Income Tax  Deducted portion
Until 92.407,00 € 1% 0,00 €
More then 92.407,00 € to 126.403,00 € 2% 924,07 €
More then 126.403,00 € to 172.348,00 € 5% 4.716,22 €
More then 172.348,00 € to 287.213,00 € 7% 8.163,09 €
More then 287.213,00 € to 550.836,00 € 8% 11.035,35 €
More then 550.836,00 € 6% 0,00 €

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