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Flat 62 м² in Vila Nova de Gaia, Portugal

ID 4OhjD
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Area
62 m²
Bedrooms
2
Bathrooms
2

Description

Apartment in Porto. City - Porto

Located on Rua Comércio do Porto, one of the most emblematic streets in Ribeira do Porto, it combines tradition and modernity, offering a unique experience of living or investing in one of the most authentic and sought-after areas of the city. This one-bedroom apartment of 57 m2, located on the 3rd floor, has the following layout: - Living room and open-plan kitchen; - 1 bedroom; 1 fully equipped bathroom; - Balcony. Functional layout and finish, guaranteeing comfort and durability: - Pinewood floor; - Laminate floor brand Finsa; - Cabinets; Preliminary preparation for the washing machine; - Air conditioning; - Water heater brand Teka or similar; - Kaza brand shower pallets; - Built-in point lamps; Building with an elevator of the Enor brand for 6 people. Nearby you will find all sorts of commercial, cultural and tourist attractions such as: - 260 m from schools; - 600 m from Ribeira do Porto; 600 m from São Bento Metro Station 750 m from São Bento railway station; - 950 m from Avenida dos Aliados; 1.3 km from Rua de Santa Catarina; - 16.3 km from Francisco Sá Carneiro Airport. This is a versatile project, ideal for owners-residents or investors, in a prestigious location with great potential for value growth. Construction is at the final stage: completion is scheduled for March 2026. Take advantage of this opportunity to secure a place in the historic centre of Porto! Contact us! Energy consumption class: C #ref:0610/25

Characteristics

Property type
Residential Properties
Object type
Flat
Price
603 914 $

Services and facilities

  • Private beach
  • Security system
  • Heating system
  • Lift
  • Household appliances
  • Balcony or terrace
  • Pantry

Window view

  • City View

FAQ

How can I get a residence permit by buying property in Portugal?

In Portugal a residence permit is typically issued based on a minimum investment threshold. Applications are reviewed within 30–60 days in Vila Nova de Gaia; you will need a passport, proof of funds, and the ownership documents. Hatamatata helps prepare and submit the paperwork.

Is a mortgage available for non-residents in Portugal?

Banks in Portugal finance 50–70% of the property value for non-residents with rates of 3–5% for 20–30 years. A life insurance policy and a 30–40% down payment are usually required. Terms and programs vary by city and bank.

What taxes and fees apply when buying in Portugal?

Expected expenses: transfer tax 0–15%, registration 0.5–2%, notary 0.5–1.5%, agent commission 0–3%. In total 2–20% on top of the purchase price. Exact rates depend on region, property type and programs.

How is the title checked in Portugal?

A title search at the land registry of Portugal takes 10–15 business days. You receive ownership, encumbrance and tax clearance certificates. Documents are translated and reviewed by a lawyer before signing.

Can I rent out property after purchase in Portugal?

Yes. Rental income tax is 5–25% depending on the regime. In Vila Nova de Gaia short-term tourist rentals typically yield 5–8% per year. Municipal permission and income registration are usually required.

Is a property inspection recommended before purchase?

Yes. An inspection costs about 0.5–1% of the price (603 914 $) and covers structure, utilities and legal status. Hatamatata arranges a qualified engineer with an EN/RU report.

How long does the purchase process take in Portugal?

A typical transaction runs 30–90 days, averaging 45 in Vila Nova de Gaia: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).

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Flat with city view in Vila Nova de Gaia, Portugal