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 abr 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!