{"id":33594,"date":"2025-04-02T19:03:45","date_gmt":"2025-04-02T19:03:45","guid":{"rendered":"https:\/\/arr.pt\/?page_id=33594"},"modified":"2026-05-05T18:00:36","modified_gmt":"2026-05-05T18:00:36","slug":"new","status":"publish","type":"page","link":"https:\/\/arr.pt\/en\/new\/","title":{"rendered":"New-build properties in Lisbon and central Portugal"},"content":{"rendered":"

What you need to know when buying an apartment in a new-build development<\/h2>\n\n\n\n


What is the average construction time for houses in Portugal?<\/strong><\/h4>
\n

The average construction time for an apartment building is 18\u201324 months<\/strong>, depending on:<\/p>\n\n\n\n

    \n
  • project scale,
    <\/li>\n\n\n\n
  • locations,
    <\/li>\n\n\n\n
  • architectural complexities,
    <\/li>\n\n\n\n
  • processing speeds for permit documentation.
    <\/li>\n<\/ul>\n\n\n\n

    If you take into account the stage from purchasing the land to commissioning, the entire cycle can take up to 3\u20134 years<\/strong>.<\/p>\n<\/div><\/div>\n\n\n\n


    Do developers offer payment plans for the construction period? What is the usual payment schedule?<\/strong><\/h4>
    \n

    Yes, practically always when buying off-plan, developers offer payment by instalments.<\/p>\n\n\n\n

    \ud83d\udd38 Typical payment schedule: 10%\u201320% \u2014 upon signing the preliminary sale and purchase agreement (CPCV); 10%\u201320% \u2014 in instalments throughout the construction period (possibly in 2\u20134 stages), the balance (~60\u201370%) \u2014 upon handover of the keys and signing of the main contract (escritura), often financed by a mortgage. The instalments are interest-free; the price is simply split up. This is advantageous as it allows you to pay in stages without additional costs and you lock in the price at the outset.<\/p>\n\n\n\n

    <\/p>\n<\/div><\/div>\n\n\n\n


    How are apartments handed over in Portugal?<\/strong><\/h4>
    \n

    Usually flats are rented out in the format \u201ckey ready\u201d<\/strong> (turnkey), meaning:<\/p>\n\n\n\n

    \u2714\ufe0f finished,
    \u2714\ufe0f with a fitted kitchen (units, appliances \u2014 hob, extractor fan, oven and dishwasher and, as a rule, washing machine),
    \u2714\ufe0f with bathrooms,
    \u2714\ufe0f with flooring and lighting.<\/p>\n\n\n\n

    Furniture in the bedrooms and living room \u2014 it won't log in<\/strong>.<\/p>\n<\/div><\/div>\n\n\n\n


    Are there ever delays regarding the stated construction deadlines?<\/strong><\/h4>
    \n

    Yes, it is a frequent occurrence<\/strong>. Reasons:<\/p>\n\n\n\n

      \n
    • red tape,
      <\/li>\n\n\n\n
    • labour shortage,
      <\/li>\n\n\n\n
    • weather conditions,
      <\/li>\n\n\n\n
    • project changes.
      <\/li>\n<\/ul>\n\n\n\n

      Delays on 3 to 6 months<\/strong> Happen.<\/p>\n<\/div><\/div>\n\n\n\n


      By how much does a flat increase in price during construction?<\/strong><\/h4>
      \n

      It depends on the market. <\/p>\n\n\n\n

      In recent years: \ud83d\udcc8 flat prices have risen by 10\u201330% over a construction period of 1.5\u20132 years. This is particularly true in Lisbon, Porto and the Algarve. This is one of the reasons why it\u2019s advantageous to get in at an early stage.<\/p>\n<\/div><\/div>\n\n\n\n


      At what stage of construction is a mortgage loan arranged?<\/strong><\/h4>
      \n

      The bank can issue mortgage approval in advance (at the CPCV stage), but the loan itself is arranged closer to the property handover, when the following are available: the licence for use (Licen\u00e7a de Utiliza\u00e7\u00e3o), the final inspection, and confirmation of completion of works.<\/p>\n\n\n\n

      \ud83d\udca1 In some cases, the bank may finance construction stages, but this is less common and depends on the developer and the bank.<\/p>\n<\/div><\/div>\n\n\n\n


      Is the installation of rooftop solar water heating panels compulsory in Portugal?<\/strong><\/h4>
      \n

      Yes, mandatory for new homes<\/strong> Since 2009.<\/p>\n\n\n\n

      \ud83d\udd06 Requirements:<\/p>\n\n\n\n

        \n
      • Installation is compulsory solar panel for domestic hot water<\/strong>, if there are no other renewable energy sources.
        <\/li>\n<\/ul>\n\n\n\n

        For block of flats \u2014 centralised system<\/strong> or individual panels.<\/p>\n<\/div><\/div>\n\n\n\n


        What guarantees does the developer provide for the apartment?<\/h4>
        \n

        5 years<\/strong> - on building structure<\/strong> (foundations, load-bearing walls, floor slabs, etc.).<\/p>\n\n\n\n

        2 years<\/strong> - on finishing and equipment<\/strong> (tiles, plumbing, windows, doors, etc.).<\/p>\n\n\n\n

        \ud83d\udd27 Within this period, the developer is obliged to remedy all construction defects<\/strong>, arisen through no fault of the tenant<\/strong>.<\/p>\n\n\n\n

        \ud83d\udcdd How it is formatted:<\/strong><\/h4>\n\n\n\n
          \n
        • The warranty is included in the sales contract.
          <\/li>\n\n\n\n
        • When handing over an object, it is often documented condition report<\/strong>.
          <\/li>\n<\/ul>\n\n\n\n

          \ud83d\udca1 The developer must also have third-party liability insurance<\/strong> and completion guarantee<\/strong> (especially in large projects sold off-plan).<\/p>\n\n\n\n

          .<\/p>\n\n\n\n

          .<\/p>\n<\/div><\/div>\n\n\n\n

          \n
          \n

          Do you have any questions left? <\/strong><\/p>\n\n\n\n

          Leave an application and our manager will contact you for a personal consultation<\/p>\n<\/div>\n\n\n\n

          \n
          \n
          \n

          <\/p>

            <\/ul><\/div>\n
            \n
            \n<\/fieldset>\n

            <\/span>
            \n<\/span>
            \n<\/span>
            \n\n<\/p>

            <\/div>\n<\/form>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n

            <\/p>","protected":false},"excerpt":{"rendered":"

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