How to sell my property in Portugal

During the summer, people tend to spend more – especially on leisure. The long, sunny days encourage people to get out and about, so plans and activities naturally multiply. Foreign visitors also take advantage of the holiday period to explore Portugal's seaside paradise.

The current economic context, characterised by high inflation and rising interest rates, is influencing several sectors, namely real estate.

Will house prices go down in Portugal? This isn't looking likely, as the current economic context is putting pressure on the purchasing power of those living in Portugal. Inflation jumped 8.7% in June and interest rates on mortgages are rising with the steep rise in Euribor.

Selling a house is a process that for many people can be bureaucratic and quite frankly stressful. Between paperwork and all the legal bits and pieces that need seen to, you'd be forgiven for thinking that selling property in Portugal is complicated, but does this have to be the case?

If you are selling your property in Portugal as a non-resident taxpayer, you are subject to Portuguese income tax ("IRS") and have to report the transaction in your income statement for the year in which you sold your property.

Selling your house is a big moment, so follow these steps to make sure you’re doing it right: 1. Prepare the documentation: Before you sell, you’d be advised to collect together all the important documents connected with the property.