How much will I spend to buy a house in Portugal?

SEE BELOW THE COSTS OF REGISTERING A HOUSE IN PORTUGAL:

When buying or selling a house in Portugal, registering the property with an official deed, known as the "escritura," is a crucial step. This legal document formalizes the transaction, and the costs involved can vary depending on the value of the property, its location, and associated services.

Key Costs:

Municipal Property Transfer Tax (IMT): This is one of the highest costs when buying a home. The amount you pay depends on the sale price and the intended use of the property (primary or secondary residence). IMT rates range from 0% to 8% based on the property value.

Stamp Duty:

In addition to the IMT, there’s a mandatory stamp duty of 0.8% on the property's sale price, which applies to all real estate transactions.
Notary and Registration Fees: The deed must be executed in front of a notary or at the land registry office. The cost of notary services can range from €300 to €700, depending on the complexity of the transaction and the chosen service provider.

Bank Fees (if applicable):

If you’re financing your purchase with a mortgage, additional fees may apply, such as the loan application fee and contract formalization costs, which can vary by bank.
Example:
For a property priced at €200,000 purchased as a primary residence, the additional costs might look like this:

IMT: approximately €4,500
Stamp Duty: €1,600
Notary and Registration Fees: between €300 and €700
This brings the total registration and associated costs to over €6,000.

Conclusion:

The process of registering a house purchase in Portugal involves various taxes and fees that should be factored into your overall budget. To avoid unexpected expenses, it’s advisable to consult with a real estate attorney or a specialized credit intermediary beforehand, ensuring that all costs are accounted for before finalizing your transaction.

FONTE:Supercasa