Assessing the value of your apartment is a fundamental step both for those looking to sell or rent their property and for those who want to have a better understanding of their assets. The question "how much is my apartment worth" often arises among property owners who want a realistic notion of their asset’s market value, especially in a dynamic and competitive market like Portugal.
Selling a property in Portugal can come with a range of tax obligations that many people are unaware of. Among these is the declaration of capital gains in the IRS, a crucial topic for those looking to sell a property and maximize their profits. In this article, we detail what capital gains are, how they are calculated, who needs to pay them, and the situations where you may be exempt. If you’re considering selling a property, this guide will be essential to clarify your questions.
Selling a property in Portugal involves several steps, particularly ensuring compliance with legal documentation to guarantee the legitimacy and security of the transaction. Knowing what documents are needed to sell a property is essential to avoid delays, unforeseen issues, and even legal complications. Each document plays a crucial role, from proving ownership to regularizing taxes and ensuring the property complies with current legislation. In this article, we outline all the documents you need to efficiently sell your property in Portugal.
Selling a property is a significant decision that involves various steps and considerations, from evaluating the asset to handling legal and commercial aspects. In Portugal, choosing the best real estate agency can make all the difference in ensuring a successful transaction.
Stamp duty on real estate is one of the most important and well-known fiscal obligations in Portugal, particularly within the real estate market. This tax applies to various transactions and legal acts involving real estate, making it essential for any buyer, seller, or investor to understand how it works, when it is due, and the amounts to consider. In this article, we provide a detailed explanation of what stamp duty on real estate is, how it is calculated, who is responsible for paying it, and its implications for the real estate market. Additionally, we include valuable information for industry professionals and those considering a career as a real estate consultant.
Selling real estate in Portugal involves not only negotiating and signing contracts but also a series of tax implications that directly affect the profit from the transaction. One of the key concepts in this process is capital gains from property sales, which refers to the profit made from selling a property at a price higher than its purchase value. Understanding what capital gains are, how they are calculated, and the associated tax implications is essential for anyone involved in the real estate market.
The preliminary sales agreement is one of the most commonly used legal tools in Portugal, especially in real estate transactions. This contract establishes commitments between the buyer and the seller before the finalization of the deal, ensuring security for both parties during the property acquisition process. In this article, we will explore everything you need to know about the preliminary sales agreement, including its definition, essential elements, validity, and key legal implications.
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Engel & Völkers has announced the promotion of Juan-Galo Macià as President of South America to further establish the company as the leading luxury real estate broker in the Hispanic world. Macià takes over this role in addition to his position as CEO of the company`s brokerage business in Spain, Portugal, and Andorra. Under Macia`s leadership the Iberian market experienced remarkable growth and developed as a strong strategic region for the German real estate company. “We are highly committed to further growth in this market and to expand our presence in South America,” says Jawed Barna, CEO of the Engel & Völkers Group. In his new additional role Macià will lead the activities in South America - including those countries already operating under the Engel & Völkers brand.
Selling properties to foreign buyers is a growing opportunity in Portugal. The pleasant climate, high quality of life, and favorable legal conditions make the country highly attractive to investors and foreigners seeking a new home or investment opportunity.
Selling a financed property may seem challenging, but with the right approach, it becomes an accessible and efficient process. In Portugal, where the real estate market has its specificities, being well-informed about the steps involved and seeking professional support is essential.
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Engel & Völkers Portugal
Av. da Liberdade 196, 7 andar
1250-096 Lisboa, Portugal
Tel: +351 210 200 490