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For access to your online account please contact your personal account manager, alternatively email team@regencyfx.com.
Selling property in Portugal involves a range of legal steps, taxes, fees and financial choices. If you plan to move the proceeds back to the UK, the euro to pound exchange rate can shape the final amount you receive. Many sellers focus on the sale price but overlook the impact of currency conversion. This guide gives you a full breakdown of the true costs of selling a home in Portugal and explains how a currency broker can help you keep more of your money.
Estate agents play a key role in marketing the property, arranging viewings and managing offers. Their fees usually sit between 3 and 10 percent of the final sale price. The rate often depends on the type of property, demand in the area and the level of service offered. Luxury homes or properties in tourist hotspots can attract higher commission.
Before you sign anything ask for a clear list of what your agent will handle. Some offer professional photos, video tours and wider marketing while others keep it simple. Check what is included so you know whether the fee matches the service.
Capital Gains Tax applies to the profit made on the sale. For non residents the tax rate can range from 25 to 50 percent of the net gain. Portuguese residents are taxed on half of the total profit. Companies that are not tax resident in Portugal pay a flat rate of 25 percent.
You can reduce the amount you owe by claiming all eligible deductions. These can include
Keeping organised records of all expenses makes a real difference when calculating the final taxable amount.
Legal support usually sits at around 1 percent of the sale value. Lawyers handle all contracts, conduct due diligence on the buyer and ensure the transfer follows Portuguese property law. A good lawyer protects you against delays, disputes and errors which can be costly once the sale is underway.
Look for someone who communicates clearly, keeps you updated and explains each step. Selling overseas can feel complex so having a reliable lawyer can remove a lot of stress.
Stamp duty in Portugal sits at 0.8 percent of the purchase price. Buyers normally cover this cost, although in competitive markets sellers sometimes agree to adjust the price to support the deal. It is helpful to understand this fee even if you are not directly paying it as buyers may consider it when making their offer.
The notary oversees the legal transfer of ownership. Fees normally range from €500 to €1500. The notary checks the identity of both parties, confirms the legality of the sale, ensures no debts are attached to the property and registers the new ownership with the official land registry.
The notary is required in Portugal and forms a key part of the process so it is important to factor this cost in from the start.
Surveys are not mandatory in Portugal but they can help you spot structural or maintenance issues that may affect the sale. A survey can also reassure buyers, speed up negotiations and reduce the risk of last minute haggling. Costs range from €200 to €1000 depending on the size of the property and the depth of the inspection.
Providing a survey can help attract serious buyers and avoid surprises during the process.
Inheritance tax is a flat 10 percent. Direct heirs such as children or spouses do not pay. Extended family members pay the standard rate. This tax applies only to assets located within Portugal. If you are selling due to a family loss it helps to seek legal advice early so you understand your obligations.
Portugal requires an energy certificate for all property sales. If you do not already have one you must arrange this before listing the home. Prices usually range from €100 to €300.
If the property still has a mortgage you may face early repayment fees or administrative charges when closing the loan. These vary between lenders so check with your bank early in the process.
Before completion you must settle all utility bills including water, gas and council taxes. Buyers usually ask for proof that all bills are paid.
A strong agent can secure a higher sale price and reduce the time the property sits on the market. Look for someone with clear knowledge of your area and a solid track record. Check reviews and ask for examples of recent sales.
Capital Gains Tax can be one of your largest costs. Claim every deduction you can and gather receipts early. If you are unsure speak with a Portuguese tax adviser to avoid paying more than necessary.
Most fees involved in a sale can be discussed. Legal fees, estate agent fees and even survey costs can be adjusted. Do not accept the first quote you receive.
If you are transferring the proceeds to the UK your choice of provider can have a big effect on the final amount. Banks often charge higher fees and offer weaker exchange rates. Currency brokers usually offer stronger rates because their overheads are lower. This can mean thousands more in your pocket.
Even small movements in the exchange rate matter. A one percent shift on a €100,000 transfer can add or remove €1000 from the final amount you receive.
A currency broker can
Some sellers choose to manage the process themselves. This can save on commission fees but requires time, legal support and confidence in managing offers and paperwork. It suits sellers who are familiar with the market and comfortable with a hands on approach.
Yes, most sellers need to pay Capital Gains Tax. The rate depends on whether you are a resident or non resident. Non residents can pay between 25 and 50 percent of the profit. Portuguese residents are taxed on half of the profit. You can reduce the amount by deducting certain costs like legal fees and improvement work.
Estate agent fees usually sit between 3 and 10 percent of the final sale price. Rates vary with location and the type of property. Always ask for a clear breakdown of what is included.
Legal fees normally sit around 1 percent of the sale value. This covers contract work checks and support throughout the sale. A good lawyer can prevent delays and protect you from mistakes.
No, surveys are optional. Many sellers still choose to have one because it can highlight issues and make the sale smoother. A survey can also give buyers more confidence.
Timescales vary. Popular areas tend to attract buyers faster while rural or higher priced homes may take longer. A well priced and well marketed property usually sells quicker.
You may need to pay for a notary, an energy certificate and any mortgage cancellation fees. Utility bills and taxes must be settled before completion as well.
You do not have to use one but many sellers choose to because brokers usually offer better euro to pound rates than banks. A stronger exchange rate can add thousands to your final balance. Brokers also help you time the transfer and avoid extra fees.
Even a small movement matters. A one percent shift on a €100000 transfer can gain or lose you €1000. This is why timing your exchange is important.
Yes, as long as you use a regulated provider. Regency FX works only with tier one banks and uses safeguarded accounts to protect client funds.
Yes, you can sell privately. This suits sellers who are confident managing viewings paperwork and negotiations. It helps you avoid commission fees but it takes more time and organisation.
Regency FX helps sellers transfer their funds from Portugal to the UK with a focus on securing strong euro to pound rates. When you complete the sale the timing of your transfer matters. Our team monitors the market, helps you choose the right moment and gives you access to competitive exchange rates.
We work only with tier one banks and all client funds move through safeguarded accounts. This means your money stays protected even when markets are unsettled. With a five star Trustpilot rating and a history of supporting clients through cross border transfers Regency FX offers a safe and reliable service.
Start today with a free quote and see how much more you could keep from your Portugal property sale.
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