Can non-EU citizens buy property in Portugal?

Yes, there are no restrictions on foreign property ownership in Portugal. Non-EU citizens can buy residential and commercial property freely. You will need a Portuguese NIF (tax identification number) and a local bank account to complete the purchase.

What is the minimum investment for the Golden Visa program?

As of 2026, the real estate route of the Golden Visa requires a minimum €500,000 investment in qualifying fund structures (direct property purchase is no longer eligible). Alternative routes include €500,000 in investment funds, €250,000 in cultural heritage projects, or creating 10+ jobs.

How long does the buying process take in Portugal?

A typical property purchase takes 2-4 months from offer acceptance to completion. This includes due diligence (2-3 weeks), mortgage approval if applicable (4-6 weeks), and deed signing at the notary. Cash purchases can close in as little as 4-6 weeks.

Is it better to buy for long-term rental or short-term (Airbnb)?

It depends on your goals and location. Long-term rentals offer stability and lower management costs with 4-6% net yields. Short-term rentals can achieve 7-12% gross yields but require more active management and face regulatory uncertainty. In tourist-heavy areas, a hybrid approach (long-term winter, short-term summer) can optimize returns.

What ongoing costs should I budget for?

Annual recurring costs include: IMI property tax (0.3-0.45% of tax value), condominium fees (€30-150/month), home insurance (€150-400/year), maintenance reserve (1-2% of property value annually), and property management if applicable (€100-200/month or 20-25% of rental income). Non-residents also pay 25% tax on rental income.

Should I set up a Portuguese company to buy property?

For single properties, individual ownership is usually simpler and more tax-efficient. A company structure may be beneficial if you plan to build a portfolio of 3+ properties, want to reinvest profits without personal tax, or are structuring for inheritance planning. Consult a Portuguese tax advisor — company setup costs €2,000-5,000 plus ongoing accounting fees of €200-400/month.

Portugal Real Estate Investment Guide 2026: Returns, Risks & Strategy | Portugal Real-Estate Guides

Summary

Comprehensive guide to investing in Portuguese real estate — covering market trends, rental yields, tax implications, financing options, and proven strategies…

Explore more

All cities
Locations
Investment guides
Properties
Calculators
Market blog
About LisbonOS

Your Privacy Choice Has Been Saved

Your opt-out request has been processed and will be honored on this browser and device. We will not sell or share your personal information.