Tax amounts are tabulated by law:
The IMT is the Municipal Tax on onerous transactions of real estate. It is calculated based on the purchase price of the property.
Rates range from 2% to 8%.
For properties between €550,836 up to €1,000,000, the flat rate is 6%.
Above 1,000,000 euros, the IMT in 2020 is 7.5%.
Rustic and agricultural plots have a fixed rate of 5%
Urban lots have a flat rate of 6.5%.
Stamp duty is calculated against the sales price.
The rates are:
Property: one-time fee of 0.8% on the declared value.
Mortgage: One-time rate of 0.6% on the mortgage value.
Lawyers
Depending on the purchase price of the property, lawyers generally work with fees ranging from 0.5% to about 1%. Some lawyers may agree to a flat fee, but usually the work is calculated at a percentage based on the purchase price.
Notarial expenses, registration of ownership, various documents
The total costs of all these expenses range from €500 to €1,500.
After Purchase:
IMI is calculated based on a table issued by the Government, and the rate ranges from 0.3% to 0.8% of the taxable asset value (which is usually much lower than the value of the acquisition).
Insurance premiums
Condo
Other taxes and fees
Other expenses that may arise (e.g. the maintenance of the property)
1,500,000 €
Contemporary townhouse with 4 bedrooms, private pool and parking spaces with direct access to the interior of the property. Located in a gated community with surveillance, car concierge and reception, by the sea.
1,600,000 €
Fantastic Villa with Pool and Garden on plot of 4310 m2 in Terras Novas, Albufeira
499,500 €
Contemporary 3 bedroom apartment, located in Vale Parra, close to the prestigious beaches of Galé and Salgados. With a gross floor area of 112.45 square meters, this property is the perfect getaway for those looking for comfort and convenience.
545,000 €
Two bedroom apartment in excellent condition, located in the prestigious Herdade dos Salgados, in the west of the municipality of Albufeira.
325,000 €
Discover this charming 1+1 bedroom apartment in a gated community in Galé in Albufeira, within walking distance of the beach (only 850 meters). With two bedrooms and two bathrooms, this property is in excellent condition, located in a small quality, low-rise development (ground floor and 1st floor) of only 11 apartments.
398,000 €
Apartment 1+1 inserted in the Vila Rosal condominium in São Rafael, Albufeira. Located on the 1st floor with elevator. It offers a swimming pool, plenty of green spaces and an underground garage. In a privileged, quiet area close to the beach.
385,000 €
Situated in a prestigious condominium in the Vale de Parra area, close to the beaches of Galé and Salgados, this apartment with 2 bedrooms and 2 bathrooms, swimming pool and parking space offers a comfortable and convenient lifestyle.
2,895,000 €
Built in 2011 and in excellent condition, this villa is fully furnished and equipped with all modern comforts, including air conditioning, underfloor heating, fireplace, heated pool and alarm for your safety. The spacious and bright interiors flow seamlessly to the outside, where you can enjoy a magnificent heated swimming pool, terraces, covered barbecue and bar area, landscaped garden and a private tennis court.