Ombria Resort
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Overview
A 5-star resort in the Algarve, Portugal, which will include a Viceroy hotel, villas, and apartments.
Building/Community Amenities
- 24/7 Concierge
- Clubhouse / Resident Lounge
- Fitness Center / Gym
- Golf Course / Simulator
- Playground / Kids Play Area
- Pool
- Restaurant (On-site)
- Spa / Wellness Center
Investment Insights
Legal & Ownership
Legal & Ownership Information
Ownership Structure
Ownership Rights
Full ownership rights (Freehold)
Foreign Ownership
Foreigners can freely buy property in Portugal without restrictions, enjoying the same rights as Portuguese citizens.
Tax Considerations
Property Taxes
Property Tax (IMI) is also levied, typically between 0
Transfer Tax
Transfer Tax (IMT), ranging from 1% to 8% depending on the property value and type
Inheritance Tax
Capital gains tax applies to profits from property sales, generally at a rate of 28% for non-residents
Important Considerations
Restrictions
- Foreigners can freely buy property in Portugal without restrictions, enjoying the same rights as Portuguese citizens.
Required Documents
Financing Options
Financing Options
Financing in Portugal
Portugal has become an attractive destination for foreign property buyers, offering a range of appealing financing options. Typically, foreign buyers can access loan-to-value ratios of up to 70%, though this can vary based on individual circumstances. The favorable interest rates and the stability of the Portuguese real estate market make it an enticing choice for those looking to invest in European property. Portugal's welcoming attitude towards international investors and the potential for lucrative returns further enhance its appeal as a destination for mortgage financing.
Requirements for Foreign Buyers
- 1Valid passport
- 2Portuguese tax identification number
- 3Proof of income (such as salary slips or tax returns)
- 4Recent bank statements
- 5Property valuation report
- 6Proof of existing liabilities
- 7Completed mortgage application form
