In Portugal, for the purchase or sale of real estate brokers often serve real estate firm. Even if the seller and the buyer found no middlemen, they turn into a real estate agent - so reliable. There is no such thing as a for instance - to pay to expedite the process, or zoom in on your site allowable size of building the same bribe.
- Purchase / sale takes place after the conclusion of the preliminary contract of sale.
- When a contract is not fulfilled due to the fault buduyuschego buyer, the seller has the right to stay with my wallet deposit.
- When a contract is not respected by the fault of the seller, he must pay double the amount the buyer.
-The law provides that the entire amount of money the buyer pays the seller is considered as a guarantee and the buyer has the right to issue the corresponding receipts for the money.
- After signing the preliminary contract, the parties begin to collect the relevant documents, namely: Register at the Conservatory of property and civil registries must obtain pre-register, which is the basis for a contract at the notary and expire after 6 months. In addition to the Conservatory Rígr issued another certificate and register relevant to the property.
Signing the contract:
DLA contract, the following documents
- Pre-contract of sale;
- Certificate of Registry issued KRIGR;
- Documents on the estate (provided by the seller);
- Right to use - issued by the Chamber Municipal (City Hall);
- Insurance on the life of (optional)
- Insurance on property (a home mortgage);
 Additional costs to buy a property in Portugal, especially, need to get a fiscal (tax) number (Numero Fiscal de Contribuinte). Getting that number by the authorized financial body (Reparticao de Finansas), you must have a passport. In addition, you will need to address in Portugal, to which authority will be able to send a fiscal card (Cartao de Contribuinte). If you do not have an address in Portugal, then this service will provide you with our company. When you change your address you must notify the financial authorities.
REQUIRED DOCUMENTS:
1. Certificate of registration of property (Certidao de Teor)
When buying real estate in the local land registry (Conservatoria do Registo Predial) must obtain Certificate of Ownership to the property owner, and someone else may own the property, the possibility of a loan and other obligations. Certificate of ownership issued for a specified period of time and describes the history of the property. It must be attested by a notary, as proof of ownership and resale opportunities.
2. Document on the property tax (Caderneta Perdial)
(In Russia - Help form 11-a)
In the authorized financial body you receive an official tax document, which demonstrates the registration of real property for fiscal purposes, and also confirms the tax number of the owner, a description of the property (area, number of rooms, area and type of plot, story, etc.) and also contains a unique document Property tax identification number. The document also indicates the size of annual taxes. This certificate is also required when selling real estate.
3.Litsenziya to use (Licenca de Utilizacao)
The license issued by the local Municipality (Camara Municipal). In this document, you can check on how much property meets the intended purpose. For residential properties need a license to stay, for non-residential - commercial or industrial license. This document is also needed when signing the sales contract before a notary public.
4. Statement from the Tax Department (Finansas) to confirm that all swords are paid. Any unpaid tax payment for the property remain, even for new owners.
5. Confirmation of payment of tax on transfer of ownership - IMT
(Imposto Municipal sobre Transmissoes)
Tax must be paid for at least 3 days prior to the completion of the transaction and a receipt must predyavit notary.
6. Identification documents and tax numbers of owners and buyers.
COSTS:
When buying real estate initially prepared a preliminary contract (Conrtacto Promesa). At this stage, paid the tax on pre-register the property in the Conservatory of the Civil Register and civil rights (KGRGP) - 125 euros;
The preliminary contract consists of agreements concluded in the future he sales contract (Escritura), and also provides for the amount of bail and the stages of payment of the balance.
At this stage, pay 10% of project cost (by agreement).
After compiling the basic sales contract (Escritura), paid council tax on property transfer (IMT), whose size depends on the price of the object and is as follows:
IMT on the ground (Predio Rustico) is 5% .0
IMT on other properties is calculated on a scale according to the value of real estate.
To 83 500evro - without paying
85 500 euros - up to 117,200 euros - Price of the object x 2% -1 710 euros;
From 117 EUR 200 - to 159 800 euros - Price of the object by 5% -5226 Euro;
From 159 EUR 800 - to 266 400 euros - Price of the object by 7% -8 422 euros;
Between 266 and 400 euros - up to 532,700 euros - Price of the object by 8% -11 086 euros;
From 532,700 euros and above - 6% of the price of the object.
Sales contract (Escritura) is a notary, service costs 175 euros. There shall be paid the following services:
Registration Act - EUR 9;
Verification of documents - 25 euros;
Photocopies - 35 euros;
Also paid tax on the sale of - 0,8% of the value of the object.
After contracting agency register the new owner (KGRGP) vzymaya no additional charge.
Initial deposit
The initial deposit is usually 10% of the value of the object, but can be changed by mutual consent of the parties and shall be paid to the seller.
In case of cancellation the buyer loses the amount of collateral, if there is no item on the return of collateral by the seller in a preliminary contract.
If the seller refuses it returns twice the amount of the buyer, with the same condition as for the buyer.
All states in a preliminary contract with the agreement of the parties.
Document confirming the deposit is a preliminary contract, as it indicating the amount and date of payment of mortgage.
The remaining amount
The remaining amount is paid at the time of signing the sales contract at the notary and are paid to the seller. Covered by the contract of sale, which states that the remaining amount was paid. Other references are not given.
Annual tax
The annual tax is 0,5% of the amount which is specified in the house book. Usually indicate half the cost of the object.
 Expenditure on the Estate Utilities apartment, if you live in all year round, are 50 - 100evro/mesyats, condominium (cleaning door, light, elevator, etc.) - 25 -100 euros, depending on the availability of swimming pools, tennis courts etc.
If you do not live and keep the apartment closed, then pay only condominium.
For home or villa maintenance cost more: about 150 -200 euros / month depending on the availability of garden, pool, etc. (Condominium is not paid).
Electricity costs 0.10 euros, the cost of 1m3 of water - 1,23 Euro. Tap water is potable.
Rent:
Many people rent out their houses during the year, the summer price is 3000 euros per month and above.
2 - 3 bedroom apartments for rent in cities 300 - 400 euros per month, all year round.
Insurance is about 30 euros a month. Banks. Credits. Borrower
Borrower may act as a private person, and the company.
The size of mortgages in Portugal
The minimum loan size in Portugal amounts to € 50,000. The size of the mortgage is only limited by the fact that its amount can not exceed 80% of the appraised or market value of real estate (whichever is lower).
Terms
from 5 to 30 years of age with a maximum of 75 years.
Currency
Euro and other major currencies.
Requirements for the borrower
Company partner to advise on the requirements of the Portuguese bank to the borrower, in order to understand what factors are most important for the bank.
We will provide you with information about on what conditions you can expect based on the value of the property in Portugal, your property and financial situation.
Because each bank's most important is your ability to pay, the majority of Portuguese bank account your existing commitments and payments, including payments on the mortgage / rent, personal and bank loans, and alimony. Together with the alleged payment by the Portuguese mortgage, your payments should not exceed 35% (this figure may vary) from your monthly income.
Portuguese banks require proof of income. This may be information on wages, savings or investment income. However, not all lenders take into account these documents.
Insurance
Insurance purchased property is a prerequisite and is often sold as a separate product by the lender. As for life insurance, it is often necessary, but there are exceptions.
Score
Assessment of the property and its impact on the amount of the mortgage.
Mortgage available for up to 80% of the appraised value of real estate: the figure in most cases differ from market valuation. Taken into account transactions for similar objects in a selected area within the previous 6 months, of which displays the average cost per square meter. This figure applies to the characteristics of interest of the property to arrive at the assessed value of real estate.
An application for a mortgage in Portugal in order to purchase real estate.
We recommend you learn about possible mortgage options before making a purchase and, perhaps, that until such time as you plan your visit to search for real estate in Portugal. This will allow you to learn on what conditions you can expect based on your financial situation and your budget, and obtain the prior approval of the bank.
Terms of Mortgage Lending in Portugal:
Up to 80% of the appraised value of real estate
The loan term of 5 to 30 years, maximum age 75 years
Floating rates 3/6/12m Euribor + 1% -2.25%
Fixed rate 2.75% -6.25%
Administrative charges are 1-1,5% of the loan amount
There are restrictions (sanctions) on the early repayment
The minimum loan amount is 50,000 Euro
Mortgage program, we select for each client individually.
The proposal is not an offer. Conditions may be changed without notice. Offer relevant at the time of placement.Rates can be changed at the discretion of the bank.
Costs for buying property in Portugal with a mortgage in Portugal
- Review bank statements - the cost of the application depending on the bank of 150 Euro to 0,25% of loan amount or appraised value of property
- Administrative fee for credit from 200 - 300 Euro to 1% of the cost of credit, depending on the bank.
- Real Estate Appraisal - all the banks of Portugal, in most cases require an independent valuation of real estate. Evaluation is not required only if it has already been made, for example, the primary real estate in Portugal. Fees for assessment may vary depending on the bank of 180 Euro + IVA to 950 Euros + IVA.
- Notary and registration fees - the fees set by the state. Paid after the transaction and depend on the price of the property and complexity of the contract. On average, the expenditure does not exceed 1 - 2% of the value of the property.
- Taxes - property purchase tax payable on the transfer of property rights (Imposto Municipal Sobre as Tranmissões - IMT), which is progressive and ranges from 0 to 8%, depending on the value of the property. For properties worth more than € 500.000 tax rate is fixed and is 6% .0 tax rate also depends on the resident status of the buyer. Your lawyer will be able to report accurate information about the tax rate based on the individual situation of the borrower.
- Stamp Duty (payable at the conclusion of any transaction). In the case of real estate transactions, is 0.8% of the official value of the object specified in the contract of sale.
- Legal services - when you make a transaction necessarily require the services of a lawyer. Some lawyers work on hourly rate or fixed rate regardless of property value. Typically, these costs do not exceed 1% of property value.
- Life insurance is the borrower - is not required when buying property in Portugal for a loan. Size total insurance rate determines the employee insurance company based on a comprehensive study of the personal file of each client. In some cases, the presence of a life insurance policy the borrower leads to lower mortgage rates in Portugal.
- Property insurance - required when purchasing property with a mortgage loan in Portugal. Depends on the coefficients of insurance in different regions of the country, as well as the assessed value of real estate. Insurance premiums can be calculated prior to the acquisition of real estate, insurance agents, providing the necessary information. The average annual pay ranges from 200 to 400 euros per year.
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Buying Property - Portugal