Complete Guide to Buying Property in the Algarve.

Buying a home starts with a good visit. Picture yourself opening the windows to a gentle sea breeze. A place where time slows down, and life flows with quality. Buying property in the Algarve is more than an investment, it’s the beginning of a new chapter. In this guide, we explain every step of the process for foreign...

19 Apr 2025 min de leitura

Can foreigners buy property in Portugal?

Yes, and it´s quite straightforward. There are no restrictions for foreign nationals to purchase property in Portugal, including the Algarve.

Step one: get your NIF
The Tax Identification Number (NIF) is essential. It can be obtained from a tax office in Portugal or through a fiscal representative.

Step two: open a Portuguese bank account
Having a local account simplifies the process from transferring funds to paying taxes and applying for a mortgage, if needed.

Documents you´ll need:
- Passport
- NIF
- Proof of address
- Property documents (land registry, property tax document, energy certificate)
- CPCV (Promissory Contract of Sale and Purchase)

Costs involved (in addition to the property price):

IMT (Property Transfer Tax): varies depending on value and purpose
Stamp Duty: 0.8%
IMI (Annual Municipal Property Tax): between 0.3% and 0.8%
Notary and registration fees
Purchase process: step by step

Choose the property
Make an offer and negotiate
Sign the CPCV
Final deed and official registration

Is financing available?

Yes. With a down payment of 20% to 30%, Portuguese banks offer mortgage options to foreign buyers, with terms of up to 30 years.

At Boavista Golf & Spa, we don’t just sell homes. We offer stories with sea views, a hint of salt in the air, and a life lived with ease.

Here, every key unlocks more than just a door, it opens a new beginning.

Dreaming of life by the sea? Let us help turn that dream into reality get in touch today and begin your property journey!