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Taxes for residents and non-residents when buying property in Portugal
Taxes for residents and non-residents when buying property in Portugal

Aug 17, 2022 Economy

The difference between buying a house in Portugal being a resident or not depends on the purpose of the house. If you buy a house to live in Portugal, you are buying a permanent home and are a resident, but if you do not live in Portugal and you buy property there it will count as a second home. This affects the property taxes you’ll have to pay.

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Vernon Real Estate

Welcome to Vernon, one of the oldest real estate agencies in Portugal, founded in the 90s, with office in Carvoeiro - Algarve. Recognized and prestigious real estate agency for its 30 years of experience and high level of service provided to buyers and sellers. Contact us, to buy or sell, we guarantee that you will be satisfied with the result! With an extensive portfolio of properties for sale, ¼ shares, apartments, townhouses, detached villas, luxury villas, building plots, rustic land, restaurants, bars, shops, projects for professional investors and developers - throughout the Algarve, mainly for sale in Carvoeiro, Lagoa, Ferragudo, Alvor, Portimão, Lagos, Porches, Armação de Pera, Albufeira, Silves, Messines and a highly qualified multilingual team with knowledge of the region, offering each customer, whether BUYER or SELLER, all the help and information required every step of the way from the first contact until the PURCHASE or SALE is completed. Vernon’s are guaranteed to find what you are looking for.

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