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Frequently asked questions

Can foreigners buy property in the Algarve?

Yes. There are no restrictions on foreign ownership in Portugal. EU, UK, US and other international buyers can all purchase property in the Algarve on the same terms as residents.

Our Properties

Do I need a Portuguese tax number (NIF) to buy?

Yes. Every buyer needs a NIF (Número de Identificação Fiscal) before signing. We can connect you with a lawyer who arranges it remotely, usually within a few days.

Legal & Tax Guidance

Do I need a lawyer?

We strongly recommend one. An independent Portuguese lawyer checks the title, debts and licences and protects your interests, working separately from the notary who formalises the sale.

Legal & Tax Guidance

What costs should I budget beyond the asking price?

Allow roughly 6% to 10% of the price for transfer tax (IMT), 0.8% stamp duty, plus notary, registration and legal fees. Your lawyer confirms the exact figures for your purchase.

Cost of Buying

What is the buying process, and how long does it take?

Once a price is agreed you get your NIF, sign a promissory contract with a deposit (often around 10%), then complete with the final deed before a notary. A straightforward purchase usually takes about 8 to 12 weeks.

Read the guide

Can I buy or sell from abroad?

Yes. Many of our clients start remotely. We arrange video viewings, and your lawyer can act under power of attorney, so you do not need to be in Portugal for every step.

Moving & Relocation

Can you help me sell my property, and are you licensed?

Yes. We handle valuation, photography, marketing to international buyers, and viewings through to completion. ICON Property is a licensed Portuguese agency, AMI 23003.

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