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.

Guia de Investimento Imobiliário em Portugal 2026: Retornos, Riscos e Estratégia

Guia completo para investir em imóveis em Portugal — tendências de mercado, rendimentos de arrendamento, implicações fiscais, opções de financiamento e estratégias para maximizar retornos em 2026.

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