Sell or rent your property!
Legal Proceedings
Legal Proceedings
Individual:
- Photocopy of ID card/citizen card;
- Photocopy of tax card (for all owners and their spouses).
Company: (if the seller is a company)
- Photocopy of the Commercial Certificate (valid for less than 6 months or the Permanent Certificate code);
- Identification of the person(s) authorised to sign.
Property:
- Property registration document issued by the tax office where the property is registered (dated less than 1 year ago);
- Property Use Licence issued by the City Council (not required if the building was built before 1951);
- Property plans;
- Informative copy from the Land Registry Office (dated less than 1 year ago);
- Energy Certificate;
- Technical Data Sheet (only for properties built after 2004).
How to advertise your property
How to advertise your property
The presentation of a property is extremely important for its sale.
The customer who is going to buy the property must feel comfortable inside it, this will increase their interest and prevent them from finding arguments to lower the price.
To achieve this, the owner must:
- Keep the property clean and tidy;
- Ensure there are no unpleasant odours;
- The property should be well ventilated, without being too cold or too hot;
- Keep the property well lit at all times: blinds up and lights on;
- Keep all doors open;
- Remove any objects that may reflect personal, moral, religious or political beliefs;
- Keep the number of people in the property to a minimum. A room with a good floor area will always seem smaller as the number of visitors increases.
Purchase Process
Mortgage
If you need to obtain a loan from the bank, you will need to prove your income. After obtaining pre-approval for the loan, the property will be assessed by a professional in order for the loan to be approved.
The documents that should be reviewed by your solicitor are: Land Registry Certificate; Property Logbook; Occupancy Licence; Housing Technical Specification; Property Plans; Energy Efficiency Certificate; Condominium Regulations; Proof of Property Tax Payments.
Analysis of Legal Documentation
If you would like a report on aspects relating to the structure of the property, its condition, defects, etc., you should contact an engineer for this purpose (costs to be agreed directly with the engineer).
Technical Inspection of the Property
Promissory Contract and Sale
The Promissory Contract serves as a guarantee for a future purchase/sale that must be signed after your lawyer verifies that all legal documentation is in order. At the time of signing the contract, a down payment usually between 10% and 30% of the property value is paid.
of the property value is paid.
The CPCV serves as a guarantee for a future purchase/sale and must be signed after your solicitor has verified that all legal documentation is in order. At the time of signing the contract, a deposit is paid, generally between 10% and 30% of the property value.
The purchase is finalized when the final deed is signed at the Notary and the land registration is carried out in the buyer's name. At this stage, the entire value of the property is paid.
Deed
Taxes
There are several taxes associated with the purchase of property, which are inherent to the purchase and ownership of property in Portugal:
1. IMT (Municipal Property Tax) and Stamp Duty
2. Notary and registration fees
3. Solicitor, estate agent and engineer fees
4. Loan/mortgage costs
5. IMI (Municipal Property Tax)
Investment Funds (Venture Capital)
- Minimum investment of €500,000 in regulated Portuguese funds (e.g. private equity or venture capital funds).
- At least 60% of the fund's capital must be invested in Portuguese companies.
- Direct or indirect exposure to real estate is not permitted.
Science and Technology Research
- Minimum investment of €500,000 in scientific or technological research activities at recognised institutions in Portugal.
Cultural Support or Heritage
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Minimum donation of €250,000 for heritage preservation or cultural production projects (amount may be reduced to €200,000 in low-density regions).
Business Creation or Expansion / Employment
- Create at least 10 permanent jobs in Portugal, or
- Invest €500,000 in an existing company and maintain a minimum level of related employment.
- (The information provided is for informational purposes only and does not constitute legal or tax advice, nor does it replace consultation with a solicitor, lawyer or other legally qualified professional.)
How to advertise your property
How to advertise your property
