Purchase and mortgage costs

1904

When purchasing a property in Portugal, the following property taxes and fees will be levied:-

IMT tax (Property transfer tax) - 2017

 

 
   Value of property (in EUR) Tax rate    Amount to deduct (in EUR)
   < 92,407.00 1%    0
   92,407.00 - 126,403.00 2%    924.07
   126,403.00 - 172,348.00 5%    4,716.16
   172,348.00 - 287,213.00 7%    8,163.12
   287,213.00 - 550,836.00 8%    11,035.25
   > 550,836.00 6%    0

 

The IMT tax for land is 6.5%, flat.

Acquisition stamp duty

The acquisition stamp duty is 0.80% of the declared purchase price.

Notary fees

Notary fees are priced per deed (acquisition deed and mortgage deed) and vary depending on notary (approx. EUR 350.00 per deed)

Lawyer fees

It is highly recommended to commission a legal representative when purchasing a property in Portugal. Fees vary and should be obtained directly from the legal representative.

Mortgage stamp duty

The mortgage stamp duty is 0.60% of the final loan amount.

Bank fees for the mortgage

Bank fees vary, depending on the lender and loan amount. Details will be provided in our mortgage proposal document.

 

Please find more information on the following subjects:-

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