Porto Dinheiro Villas, Porto Dinheiro

Country

Portugal

Area

Costa de Prata

Region

Costa de Prata

Town

Porto Dinheiro

Porto Dinheiro villas, just 100 metres from the sea with stunning sea views. At €425,000 these are one of our best offers and interested buyers should not delay viewing. For this location and design this is  design and price not comparable on the Silver Coast.

Just 2 km from the town of Lourinha (pop 25,OOO). In the neighbourhood there are cafés, restaurants and shops.

According to the Annual Wealth Report of Citi Private Bank, Knight Frank of 2008, the Silver Coast of Portugal is one of the ten up and coming residential markets to keep an eye on.  

The Knight Frank reports says:

"Saved from overdevelopment by strict local planning policies, the area enjoys a high level of seclusion unlikely to be broken by lower quality developments."

For more information click http://www.jet2letproperty.com/contact-us.html

Property Transfer Tax

This is now known as IMT

For clients buying a holiday home, this table applies :

* For example, if the purchase price is €150,000, the formula is: €150,000 x 5% = €7,500 less €4,371 = €3,129

Stamp Duty

This must also be paid by the buyer on all deeds, contracts and financial transactions.For real property, this is assessed at 0.8%.

Legal fees

 
These are usually between 1% and 1.5% of the purchase price, plus IVA at 21% (the equivalent of VAT). We can of course recommend an independent lawyer to you

Property Tax - (IMI).

General rates are payable annually and are assessed by the local authority .As a guideline your annual property tax may be levied at up to 0.72% of the market value.

Non-Residents and Fiscal Representation.

You will need to apply for a fiscal number (número de contribuinte) from the local Tax Office (Finanças). This is a tax number, in the form of a card, and is required to open a bank account and pay the rates and utilities on the property

  Jet2Let Property Ltd are full memebers of AIPP