What are the closing costs for buying property in Portugal?

Total closing costs in Portugal are typically 6–8% of purchase price, less than Spain or France.

• Breakdown:
• IMT (transfer tax) — progressive 1–7.5% (most resale homes hit 5–7%)
• Stamp duty (IS) — 0.8%
• Notary + deed fees — ~0.5% (€500–1,500 typical)
• Land Registry — ~0.2%
• Legal/conveyancing — 1% (recommended for foreign buyers)
• Mortgage costs (if applicable) — 1.0% set-up + bank valuation

• Annual costs after purchase:
• IMI (council tax) — 0.3–0.45% of fiscal value (urban property)
• AIMI (wealth tax) — only on portfolios over €600k, modest rates
• Non-Habitual Resident regime — 10% flat tax on foreign pension income (renewals only — closed to new applicants in 2024, replaced by IFICI scheme)