Buy an apartment in Portugal and enjoy the sun

01The dream of an apartment in Portugal: why now?

The thought of owning your own apartment in Portugal evokes images of sun-drenched terraces, breathtaking views of the Atlantic Ocean, and a relaxed lifestyle. It is a dream that is becoming a reality for more and more people. Over the recent years, Portugal has emerged as a top destination for real estate investors, expats, and anyone looking for a place in the sun.

Why are so many people choosing to buy an apartment in Portugal right now? The appeal is diverse. Consider the pleasant climate with over 300 sunny days per year, the affordable cost of living (compared to many other Western European countries), the rich culture, the friendly population, and the excellent infrastructure. Whether you are looking for a permanent residence, a holiday home, or an investment property, Portugal offers a wide range of possibilities that perfectly match your wishes.

At Atlanticasa, we understand this dream. As a specialised estate agency for quality real estate in Portugal, we are happy to help you navigate the Portuguese property market. With our in-depth knowledge of local conditions, the legal framework, and the diverse range of properties, we ensure that your search for the perfect apartment runs smoothly and successfully. We work transparently, efficiently, and always in your best interest, so you can start your new Portuguese adventure with peace of mind.

02Where to find the ideal apartment in Portugal?

Portugal may be relatively small, but the variety of regions is enormous. Each region has its own unique charm and offerings, making the choice for an apartment in Portugal both exciting and challenging. It is essential to consider which type of lifestyle suits you best and which amenities are important to you.

The versatile Algarve: sun, sea, and luxury

The Algarve, in the south of Portugal, is undisputed as the most popular region for foreign buyers. And for good reason. Here you will find miles of golden sandy beaches, impressive cliffs, picturesque fishing villages, and bustling cities. The infrastructure is excellent, with international airports (Faro), high-quality golf courses, and a wide range of restaurants and recreational facilities. Most apartments in this region offer access to swimming pools, gardens, and sometimes even private beaches.

If you choose an apartment in Portugal in the Algarve, you might consider lively cities like Lagos, Albufeira, or Portimão, where there is something to experience all year round. Or perhaps you seek more peace and privacy in charming seaside resorts like Carvoeiro, Ferragudo, or Tavira, with their authentic atmosphere. In the Algarve, you will find a wide range of apartments, from cosy studios to spacious penthouses with panoramic views. The demand for apartments in the Algarve is high, both for personal use and for rental to tourists. Want to know more? Buy an apartment in the Algarve for luxury and pleasure and discover what this region has to offer.

Vibrant Lisbon: urban living with flair

For those dreaming of a bustling urban environment, Lisbon is the perfect choice for an apartment in Portugal. The capital combines historical charm with a modern, cosmopolitan atmosphere. With its iconic yellow trams, atmospheric neighbourhoods, lively art scene, and an abundance of culinary highlights, Lisbon offers a unique quality of life. Apartments in Lisbon range from renovated historical buildings in Alfama or Bairro Alto to modern new-build projects in districts like Parque das Nações.

An apartment in Lisbon is not only an excellent investment due to the constant influx of tourists and expats but also offers the opportunity to be immersed in Portuguese culture. The city is a major economic hub and offers excellent connections to the rest of Europe. The demand for apartments in Lisbon remains consistently high, making it an interesting market for those considering an urban apartment in Portugal.

The Silver Coast: peace, nature, and authenticity

Between Lisbon and Porto lies the so-called Silver Coast (Costa de Prata), a region becoming increasingly popular with people seeking a more authentic Portugal. Here you will find vast beaches, impressive cliffs, historical towns, and beautiful nature parks. Prices here are generally more favourable than in the Algarve or Lisbon, and the atmosphere is quieter and more traditionally Portuguese.

Consider towns like Nazaré, known for its giant waves, or Peniche, a paradise for surfers. Obidos, with its medieval castle, and Caldas da Rainha, with its thermal baths, are also attractive options. An apartment in Portugal on the Silver Coast is ideal for those looking for peace, space, and good value for money, without compromising on beauty and amenities.

Northern Portugal: culture, greenery, and Porto

The north of Portugal, with the charming city of Porto as its centrepiece, offers a very different character. This region is known for its green landscapes, the Douro Valley with its world-famous vineyards, and a rich cultural heritage. Porto itself is a vibrant city, known for its port wine, beautiful architecture, and a growing food scene. An apartment in Portugal, specifically in Porto, is an excellent choice for culture lovers and foodies.

The apartments here range from traditional homes in the historic centre to modern options along the Douro River. Prices are often more favourable than in Lisbon, but the quality of life is just as high. Furthermore, the surroundings of Porto offer beautiful nature and opportunities for outdoor activities.

"Choosing an apartment in Portugal is very personal. It starts with defining your dream. Do you want vibrancy or peace? Beach or city? We listen carefully to your wishes and guide you to the place that suits you perfectly. It is our passion to find that match." — Bryan Wierckx, Advisor at Atlanticasa

03The purchase process of your apartment in Portugal

Buying an apartment in Portugal is a structured process, but it can seem complex to outsiders. Atlanticasa assists you from start to finish, from the first viewing to the final key handover. Below we outline the main steps you can expect when you decide to buy an apartment in Portugal:

1. **The search and viewings:** Based on your wishes and our extensive range, we select suitable apartments. We plan viewings and guide you on-site, providing all relevant information about the property and the surrounding area.
2. **Financing and budgeting:** Before making an offer, it is crucial to map out your financial possibilities. This includes not only the purchase price but also additional costs such as transfer tax, registration fees, and notary fees. We can advise you on mortgage options in Portugal and help you obtain a tax number (NIF), which is essential for any financial transaction.
3. **Making an offer and promissory contract:** Once you have found your dream apartment, we help you make an appropriate offer. After acceptance, a promissory purchase and sale contract (Contrato Promessa de Compra e Venda) is drawn up, in which the terms and agreements between buyer and seller are recorded. Upon signing, you usually pay a deposit, often 10% of the purchase price.
4. **Legal due diligence:** This is a crucial phase where a lawyer investigates the legal status of the apartment. Will the property be transferred free of debts and encumbrances? Are all permits in order? This prevents surprises later. We work with reliable, English-speaking legal partners.
5. **Final deed of transfer (Escritura):** The purchase is completed at the notary (Notário) with the signing of the public deed (Escritura Pública de Compra e Venda). The buyer, seller, and notary are present. After signing, you are officially the owner of the apartment and the keys are handed over.
6. **Registration and aftercare:** After the Escritura, we ensure the property is correctly registered in the land registry and that all utilities are put in your name. We also advise you on wealth tax in Portugal and other fiscal aspects, such as municipal property tax (IMI) and any income tax from rentals.

04Practical tips for buying an apartment in Portugal

To make your purchase go as smoothly as possible and to enjoy your apartment in Portugal to the fullest, we have some practical tips for you:

• **Work with a local expert:** An experienced agent like Atlanticasa with local knowledge and a network of professionals (lawyers, banks) is invaluable.
• **Budget carefully:** Take additional costs into account. These can amount to 7-10% of the purchase price (IMT, stamp duty, notary, lawyer).
• **Open a Portuguese bank account:** This facilitates transactions and paying utility bills.
• **Apply for a tax number (NIF):** This is mandatory for every financial transaction in Portugal.
• **Consider rental possibilities:** If you plan to rent out the apartment, inquire about local regulations and permits.
• **Visit the property multiple times:** Preferably at different times of the day and in different seasons (if possible), to get a complete picture.
• **Consider a valuation:** This can help you offer a realistic price and is often required for a mortgage application.
• **Don't forget insurance:** Take out building and contents insurance as soon as you become the owner.
• **Learn some basic Portuguese:** Although many Portuguese speak English, it is appreciated if you make the effort to learn the local language.
• **Embrace the lifestyle:** Portugal offers a unique culture and rhythm of life. Adapt, discover, and enjoy!

05The advantages of Atlanticasa for your apartment purchase in Portugal

At Atlanticasa, we understand that buying an apartment in Portugal is an important decision. We are here to make this process not only efficient but also enjoyable. Our expertise and dedication set us apart:

• **In-depth market knowledge:** We know the Portuguese real estate market, the regions, and the prices like no other.
• **Exclusive range:** We have access to a wide range of quality apartments, often before they appear on the public market.
• **Full guidance:** From the first search to aftercare after the purchase, we are by your side.
• **Reliable network:** We work with verified lawyers, notaries, mortgage advisors, and contractors.
• **Personal approach:** Your wishes are central. We are here to realise your dream of an apartment in Portugal, with a tailor-made service.
• **Transparency:** We communicate clearly and honestly about all aspects of the purchase, including costs and legal procedures.

06Frequently asked questions about buying an apartment in Portugal

Can I buy an apartment in Portugal as a non-Portuguese citizen?

Yes, absolutely. There are no restrictions for non-Portuguese or non-EU citizens to buy property in Portugal. The process is almost identical to that for Portuguese citizens, although you will need a tax number (NIF) and potentially a Portuguese bank account.

What are the annual costs of an apartment in Portugal?

In addition to the purchase price and one-off costs, you should take recurring annual costs into account. This includes the municipal property tax (IMI), which varies from 0.3% to 0.8% of the tax value of the property, and any condominium fees (condomínio) for maintenance of common areas such as pools and gardens. Utility costs (water, electricity, internet) and insurance are also added.

Is it wise to buy an apartment in Portugal as an investment?

Portugal, and particularly the Algarve and Lisbon, has proven itself in recent years as an attractive real estate market with stable value growth and good rental yields, especially in the tourism sector. The country's increasing popularity as a holiday destination and the attractive tax schemes for Non-Habitual Residents (NHR) contribute to the favourable investment climate. An apartment in Portugal can therefore be a solid investment, provided it is well-advised and managed.

The dream of an apartment in Portugal is closer than you think. Let Atlanticasa be your reliable partner in this exciting journey. Contact us today to discuss your options. We look forward to helping you find your place under the Portuguese sun!