Portugal

Typically, real estate agents in Portugal will ask for a 5% commission plus VAT on any sales they facilitate. There are a lot of people who can't even fathom paying that in Portugal, including both natives and foreigners. When you're talking about a home that costs €250,000, 5% down equals $12,500,000. If your home costs more than €750,000, for example, the cost of the commission alone may be...

The first step in selling your home in Portugal is paying off any outstanding municipal taxes or fees. In the event that the owner is unable to make these payments, the property may be sold at auction. Possible costs associated with apartment living include service fees and end-of-tenancy repairs. All past due costs for utilities such as electricity, water, gas, insurance, and any others must be paid in...

The idea behind paying tax on a profit made from selling real estate in Portugal is simple. Profit is realized when an asset is sold for more than it cost to acquire it; in this example, Portuguese real estate. But, like with other types of taxes, there may be ways to reduce your capital gains tax liability. When an asset is sold for more than it was originally purchased for, the seller realises a...

The selection of a real estate firm is crucial when selling a home in Portugal. Many Portuguese real estate agents have a wide variety of homes in all of the country's regions. By law in Portugal, you may list your home for sale with as many brokerage firms as you choose all at once. On the other hand, many of these services will merely put your home on the market and wait for a buyer to contact them....

The procedure of selling a house in Portugal to overseas buyers is well-regulated, although it may seem overwhelming to a foreigner. The best method to guarantee the quick and profitable sale of your home is to work with an experienced, and professional local estate agent with a proven track record in Portugal, and implement their recommended marketing strategy. Or if you want to go it alone and market...

Any prospective Portuguese property buyer must first apply for and receive a Fiscal Number from the "FINANAS" (Tax Department). In addition to using your fiscal number to establish a bank account, purchase a car, etc. in Portugal, you'll also need a valid passport or another official Portuguese form of identification.   How much will it cost to buy a house in Madeira? (Imposto Municipal sobre...

The aftermath of Britain's vote to leave the European Union saw the value of the pound plunging, sending the pound to its lowest level against the euro in six years. Now might be a good moment to sell your overseas property and reap the rewards of a poor currency rate and rising Portuguese property values following the global financial crisis. In this guide, we will provide you specific instructions for...

Thinking of selling property in Portugal privately online? A real estate agent in Portugal will normally collect a 5% fee plus VAT on the sale price. Many international residents in Portugal, and a rising number of locals, find that price tag completely unaffordable. In this case, 5% of €250,000 equals €12,750. A charge of €37,500 is possible if your house is more expensive than €750,000. It...

Portugal joined the European Union in 1986 and is now one of the countries with the highest human development indexes. As a result the island is flooded with investors from across Europe, the USA, Brazil, Scandinavia snapping up properties. Never has there been a better time to buy or sell property on Madeira Island.   Madeira The island of Madeira is approximately 900 kilometres south-west...

Thinking of buying renting or selling a property on Madeira Island? Newspapers, real estate websites, and real estate agents are just a few of the many places you might go to locate property for sale. A "VENDE-SE" sign is commonly seen on the window of unlisted items that are for sale.   If you've located the perfect home but are worried about not being able to communicate with the seller...