Which Lisbon district was built on the site of Expo '98 and now hosts the Web Summit and the Vasco da Gama shopping centre?

1. Belém
2. Avenidas Novas
3. Parque das Nações
4. Alcântara

An American retiree loves history and wants to live near the Jerónimos Monastery, the Belém Tower and the Discoveries Monument. Which area do you show first?

1. Belém
2. Parque das Nações
3. Bairro Alto
4. Marvila

A young French designer wants a creative, post-industrial neighbourhood near the 25 de Abril Bridge, with LX Factory's cafés and shops on the doorstep. Which area fits?

1. Chiado
2. Alcântara
3. Restelo
4. Alvalade

A buyer with reduced mobility wants a flat street in central Lisbon, close to Rua Augusta and Praça do Comércio. Which area matches best?

1. Alfama
2. Bairro Alto
3. Príncipe Real
4. Baixa

On INE data for the twelve months to March 2026, which Lisbon parish, covering Avenida da Liberdade and Príncipe Real, had the city's highest median sale price?

1. Santo António, about EUR 6,986 per sqm
2. Misericórdia, about EUR 5,913 per sqm
3. Estrela, about EUR 5,833 per sqm
4. Marvila, about EUR 5,008 per sqm

An investor wants to buy a flat in Chiado or Príncipe Real and register it as a new holiday let (AL). What is the accurate advice in 2026?

1. No problem, Lisbon reopened new AL registrations everywhere in 2024
2. Santo António and Misericórdia are in absolute AL containment, so new holiday lets are barred in principle and he should plan for long-term or corporate lets
3. He can register it if the condominium agrees in writing
4. AL is allowed if he lets the flat for at least 120 nights a year

Among Lisbon's dearer parishes, which showed the fastest median price growth in the twelve months to March 2026 (INE)?

1. Santo António
2. Avenidas Novas
3. Misericórdia
4. Parque das Nações

According to Engel & Völkers' Market Report Portugal 2025-2026, roughly what share of purchases in Cascais were made by foreigners?

1. About 27%
2. About 45%
3. About 81%
4. About 95%

In Q1 2026, which two large municipalities had the second and third highest median sale prices in Portugal after Lisbon (INE)?

1. Porto and Funchal
2. Cascais and Oeiras
3. Loulé and Lagos
4. Oeiras and Porto

Which Porto riverside area, lined with bars and restaurants on the Douro, is part of the city's UNESCO World Heritage site?

1. Ribeira
2. Boavista
3. Foz do Douro
4. Campanhã

A German executive moving to Porto wants a modern, less touristy district with offices, shopping, good metro links and the Casa da Música concert hall. Which area do you suggest?

1. Ribeira
2. Bonfim
3. Miragaia
4. Boavista

On INE data for the twelve months to March 2026, which Porto parish union had the highest median sale price in the city?

1. Historic centre and Cedofeita
2. Foz do Douro, Nevogilde and Aldoar
3. Bonfim
4. Campanhã

Which statement about Vila Nova de Gaia is accurate for the twelve months to March 2026 (INE)?

1. Gaia was more expensive than Porto, at about EUR 4,000 per sqm
2. Gaia recorded about half as many sales as Porto
3. Gaia, at about EUR 2,583 per sqm, recorded more sales than Porto (5,297 against 4,453)
4. Gaia's prices fell while Porto's rose

A Dutch investor wants a Porto flat he can register as a new holiday let. Under Regulation 1462/2024, which area is the more realistic target?

1. Bonfim, which sits outside the AL containment areas
2. Sé or Vitória in the historic centre
3. São Nicolau, next to the Ribeira
4. Any parish, because Porto has no AL limits

A family working in Porto wants a beach town right next to the city, with Praia de Matosinhos about 8 km from the centre. Which municipality is it?

1. Vila Nova de Gaia
2. Braga
3. Matosinhos
4. Aveiro

Which Algarve address did idealista call the most expensive in Portugal, at about EUR 11,145 per sqm in January 2026?

1. Vale do Lobo
2. Vilamoura
3. Lagos
4. Quinta do Lago

According to Engel & Völkers, which buyers lead in Quinta do Lago and Vale do Lobo, where foreigners make about 80% of purchases?

1. British and Irish
2. Brazilians and Americans
3. French and Spanish
4. Chinese and Russians

Vilamoura, with its marina and golf courses, lies in which municipality, the dearest in the Algarve on INE data for the twelve months to March 2026?

1. Albufeira
2. Loulé
3. Faro
4. Lagoa

On idealista asking prices for June 2026, which order of Algarve municipalities runs from most to least expensive?

1. Albufeira, Loulé, Faro, Lagos
2. Lagos, Albufeira, Loulé, Faro
3. Loulé, Lagos, Albufeira, Faro
4. Faro, Loulé, Lagos, Albufeira

A Belgian couple wants a quiet, historic Algarve town on the Gilão River, cheaper than the central coast. Which town fits, and which parish is its priciest?

1. Albufeira, with Olhos de Água the priciest
2. Lagos, with Luz the priciest
3. Vilamoura, with Quarteira the priciest
4. Tavira, with Cabanas de Tavira the priciest

In Q1 2026, which large Portuguese municipality showed the sharpest price acceleration, up 23.0% in a year to EUR 3,601 per sqm (INE)?

1. Funchal
2. Porto
3. Cascais
4. Loulé

A remote worker wants Madeira's sunny southwest coast. Which statement is accurate?

1. Calheta is the island's cheapest municipality, below EUR 2,500 per sqm
2. Ponta do Sol hosted Madeira's Digital Nomad Village from 2021, and nearby Calheta was the dearest municipality at about EUR 4,405 per sqm in September 2026 (idealista)
3. Ponta do Sol is on Porto Santo, the smaller island
4. The southwest coast has no international demand

An American couple living in Texas want to make an offer on a flat in Lisbon. What do they need before they can buy?

1. A Portuguese residence permit
2. A Portuguese tax number (NIF), applied for through a tax representative because they live outside the EU and EEA
3. Nothing, a US passport is enough at the deed
4. Approval from IMPIC for foreign buyers

A Brazilian investor asks: 'If I buy a EUR 600,000 apartment in Porto, do I get a golden visa?' What is the correct answer?

1. Yes, EUR 500,000 in property still qualifies
2. Only if the property is in a low-density area
3. Yes, if he also renovates it
4. No, property purchases stopped qualifying for new golden visa applications on 7 October 2023

A Chinese client got his golden visa in 2021 by buying a flat in Lisbon. He asks if he must sell or reinvest now that property no longer qualifies. What is the accurate answer?

1. Existing holders stay under the rules that applied when they applied and can renew on those conditions, as long as they keep the investment and meet the stay requirement
2. He must switch to a fund investment at his next renewal
3. His visa was cancelled automatically in October 2023
4. He can keep it only if he becomes a tax resident

A British buyer who has never lived in Portugal buys a home on the mainland for EUR 400,000 in October 2026, in cash. How much IMT and purchase stamp duty does he pay in total (EUR)?

A French client now lives in Paris but was tax resident in Lisbon from 2015 to 2019. He is buying a holiday flat in Cascais. Does the 7.5% non-resident IMT apply?

1. Yes, every non-resident pays 7.5% without exception
2. No, French citizens are exempt as EU nationals
3. No, a non-resident who was previously tax resident in Portugal pays the general IMT rates
4. Only if the price is above EUR 1 million

A German buyer paid 7.5% IMT in June 2026 and plans to move to Portugal next year. How can she recover the difference?

1. It is refunded automatically when she gets her residence card
2. If she becomes resident within two years of the purchase, she can file a reclamação graciosa within six months to get back the difference with the general rates
3. She cannot, IMT is never refundable
4. She must resell the home within two years

An American investor will not move to Portugal but wants to let his new Lisbon flat. Which rental plan can also get his 7.5% IMT refunded?

1. Letting it on Airbnb for at least 180 nights a year
2. Letting it at any rent for one year
3. Letting it to a company for staff housing for six months
4. Letting it at a moderate rent of up to EUR 2,300 a month, starting within six months, for at least 36 months in the first five years

A married couple in community of property (comunhão de bens) live in London and buy a home together. The wife was tax resident in Porto years ago; the husband never was. Which IMT applies?

1. The general rates, because one spouse's past residence takes the couple outside the 7.5% regime
2. 7.5% on the whole price
3. 7.5% on the husband's half and general rates on the wife's half
4. They are exempt from IMT

A German investor wants to buy in Santa Maria Maior (Alfama, Baixa) and run it as a new AL holiday let. What do you tell him?

1. He only needs to register on RNAL, approval is automatic
2. The parish is in absolute containment under Lisbon's AL rules since 6 December 2025, so new registrations are banned in principle
3. He needs the condominium's unanimous consent, then he can register
4. AL is allowed there only for flats under 50 sqm

A Dutch buyer fears his new neighbours could shut down the AL he is buying in Faro. Since Decree-law 76/2024, how can a condominium act against an AL?

1. Any single owner can cancel the registration
2. The condominium administrator can cancel it at any time
3. Owners holding more than half of the building's permilage can pass a reasoned objection over repeated disturbance, and the mayor decides
4. Condominiums have no say at all over AL

Your British buyer's lawyer wants to check who owns the house and whether it carries a mortgage or a seizure. Which document shows this?

1. The certidão permanente do registo predial
2. The caderneta predial
3. The energy certificate
4. The licença de utilização

A seller in Gaia asks what the caderneta predial urbana is and where to get it. What do you answer?

1. It is the building permit, issued by the city council
2. It is the land registry certificate, EUR 15 online
3. It is a certificate from the notary, only issued at the deed
4. It is the property's tax record (location, areas, tax value, owners), used for IMI and free on the Portal das Finanças

A Canadian buyer loves a townhouse in Porto's centre built in 1920. The seller has no licença de utilização. Is that a problem?

1. Yes, no deed can ever be signed without it
2. Not by itself: buildings built before 1951, when the RGEU came into force, do not need a licença de utilização
3. Yes, but the energy certificate replaces it
4. No, the licence is only needed for commercial property

A Lisbon owner wants you to advertise his flat now and 'sort out the energy certificate later'. What do you say?

1. Fine, it is only needed at the deed
2. It is optional for homes built before 2013
3. The certificate is required before advertising for sale; advertising without it can bring a fine, so we order it first from an ADENE-qualified expert
4. Only new builds need one

Under anti-money laundering Law 83/2017, when must a Portuguese agency identify its clients in a sale?

1. When the mediation contract is signed, and always before the CPCV or the deed
2. Only at the deed, the notary does it
3. Only if the client pays in cash
4. Only for buyers from outside the EU

A Luxembourg company wants to buy a villa in Comporta through your agency. For AML, whose details must you collect besides the company's registry data?

1. Only the director who signs
2. Nobody else, a company certificate is enough
3. Only shareholders who are Portuguese residents
4. Holders of stakes of 5% or more and the members of the board

A buyer refuses to explain where his funds come from and wants to rush the deed. You suspect the money may be criminal. What must the agency do?

1. Ask the client for a written explanation and continue if he signs it
2. Report it immediately to DCIAP and the UIF, suspend the operation and not tell the client about the report
3. Warn the client that you will report him unless he explains
4. Just drop the client, nothing else is required

Your agency lets a Lisbon apartment to an Angolan executive at EUR 3,000 a month, signed in August 2026. What must the agency report to IMPIC, and by when?

1. Nothing, only sales are reported
2. Only if the rent is paid in cash
3. The lease, in the quarterly report for Q3 2026, due by 31 December 2026, because the rent is EUR 2,500 a month or more
4. The lease, within five days of signing

A British buyer says: 'With this new 7.5% tax, Portugal is now too expensive. I'll wait.' What is the most professional response?

1. Tell him the tax will surely be cancelled soon
2. Offer to cut your fee to cover the tax
3. Agree and close the file
4. Acknowledge the concern, show the full cost on his real budget, explain the refund routes (residence within two years or a moderate long-term let) and suggest he checks them with a tax adviser

A Brazilian buyer says your agency's 5% fee plus VAT is 'too high' and asks you to drop it to 2% before he even visits. What is the best first reply?

1. Explain what the fee covers (pricing, marketing, buyer checks, negotiation, coordination to the deed), remind him the seller usually pays it on a resale, and focus on finding the right home
2. Accept 2% at once to keep the client
3. Tell him fees are fixed by law at 5%
4. Ignore the question and book viewings

In 2025, which region of Portugal took the largest share of home purchases by buyers with a tax address abroad, according to INE?

1. Grande Lisboa
2. Algarve
3. Porto metropolitan area
4. Madeira

In 2025, which nationality bought the most homes in Lisbon's urban rehabilitation area among foreign buyers, according to Confidencial Imobiliário?

1. Brazilians
2. French
3. Americans
4. British

According to the Engel & Völkers Market Report Portugal 2025-2026, which buyers lead in the Algarve's Golden Triangle (Quinta do Lago, Vale do Lobo, Almancil)?

1. British and Irish
2. Americans and Brazilians
3. French and Swiss
4. Chinese and Indians

The Engel & Völkers Market Report Portugal 2025-2026 puts foreign buyers at about 81% of purchases in one municipality of the Lisbon area. Which one?

1. Porto
2. Vila Nova de Gaia
3. Oeiras
4. Cascais

In Q1 2026, which large municipality had the highest median sale price per sqm in Portugal, according to INE?

1. Cascais
2. Lisbon
3. Oeiras
4. Porto

A client asks for the median price actually paid per sqm in Lisbon city in Q1 2026, according to INE. Which figure is right?

1. EUR 3,836
2. EUR 6,256
3. EUR 6,986
4. EUR 5,292

Over the twelve months to March 2026, which Lisbon parish had the highest INE median sale price, at about EUR 6,986 per sqm?

1. Parque das Nações
2. Misericórdia
3. Santo António
4. Estrela

Over the twelve months to March 2026, which area of Porto city had the highest INE median sale price per sqm?

1. Foz do Douro, Nevogilde and Aldoar
2. The historic centre parish union (Cedofeita, Sé, Vitória and others)
3. Bonfim
4. Campanhã

In September 2026, what was the average asking price per sqm in Porto city on idealista?

1. EUR 3,729
2. EUR 4,346
3. EUR 3,510
4. EUR 2,703

An investor from Dubai asks in October 2026 whether buying an apartment in Lisbon will give him a Portuguese golden visa. What is the correct answer?

1. Yes, from EUR 500,000 in any area
2. Yes, from EUR 280,000 in low-density areas
3. No, property purchases stopped qualifying on 7 October 2023 under Law 56/2023, though other routes such as a EUR 500,000 fund remain
4. Only if the apartment is in an urban rehabilitation area

Which of these is still a valid Portuguese golden visa route in 2026?

1. EUR 500,000 in an eligible Portuguese investment fund with a five-year maturity that invests at least 60% in Portuguese companies
2. EUR 500,000 in a residential property
3. A EUR 1.5 million capital transfer to a Portuguese bank account
4. EUR 350,000 in a property to be renovated

What minimum stay does a Portuguese golden visa holder need in 2026?

1. 183 days a year
2. No stay at all
3. 30 days a year
4. 7 days in the first year and 14 days in each following two-year period

Under Organic Law 1/2026, in force since 19 May 2026, how many years of legal residence does an American citizen now need before applying for Portuguese nationality by naturalisation?

1. 5 years
2. 7 years
3. 10 years
4. 12 years

A Brazilian family relocating to Porto asks how long they must live legally in Portugal before applying for nationality under Organic Law 1/2026. What do you tell them?

1. 5 years, as Brazil is a CPLP country
2. 7 years, the period for EU and CPLP nationals
3. 10 years, the same as all non-EU nationals
4. 3 years if they buy a home

A British retiree wants to move to the Algarve in 2026 for the famous NHR tax regime. What should you tell her?

1. NHR is still open and gives 10 years of tax-free pensions
2. NHR closed to new entrants after 2023; its successor IFICI is limited to people moving for qualifying scientific research or innovation work, so a retiree will usually not qualify
3. IFICI replaced NHR and applies to every new resident who buys a home
4. NHR only closed for Algarve residents

Since Decree-law 76/2024, who mainly controls new short-term rental (alojamento local) registrations in Portugal?

1. Turismo de Portugal alone, with a national freeze on apartments
2. The condominium, which must approve every new AL by majority
3. The municipalities, which can set containment areas and oppose new registrations within 60 days (90 in containment areas)
4. IMPIC, through the agency's AMI licence

An investor's AL apartment causes repeated disturbance in a Lisbon building. Under Decree-law 76/2024, how can the other owners act?

1. Any single neighbour can cancel the registration
2. Owners holding more than half of the building's permilage pass a reasoned objection, and the mayor decides
3. The condominium cancels the AL directly by simple majority of those present
4. Only a court can act, after five years

In 2026, which two prime Lisbon parishes are in absolute AL containment, so that new holiday lets are in principle barred?

1. Santo António and Misericórdia
2. Parque das Nações and Avenidas Novas
3. Marvila and Beato
4. Belém and Alcântara

By how much can a landlord raise the rent on an existing lease in 2027 under the annual INE update coefficient?

1. 2.24%
2. 2%
3. 3.5%
4. 2.56%

INE recorded a median rent of EUR 17.79 per sqm per month on new leases in Lisbon city in Q2 2026, and a median sale price of EUR 5,292 per sqm in Q1 2026. What rough gross yield do these medians imply (in %, two decimals)?

Example figures: a resident couple buys a flat in Coimbra (mainland) for EUR 140,000 in 2026 as their permanent own home. Using the 2026 IMT table (2% bracket, deduction EUR 2,126.92), how much IMT is due (in EUR)?

Example figures: a resident buys a home in Braga for EUR 300,000 in 2026 as a permanent own home. The 2026 mainland bracket from EUR 198,347 to 330,539 has a 7% marginal rate and a deduction of EUR 10,457.96. How much IMT is due (in EUR)?

Example figures: a resident family buys a house in Oeiras for EUR 450,000 in 2026 as their permanent own home. The 8% bracket (EUR 330,539 to 660,982) has a deduction of EUR 13,763.35. How much IMT is due (in EUR)?

Example figures: a resident buys a permanent own home in Cascais for EUR 800,000 in 2026. Mainland homes between EUR 660,982 and 1,150,853 pay a single 6% rate. How much IMT is due (in EUR)?

A resident buys a permanent own home in Lisbon for EUR 700,000 in 2026. How is the IMT worked out?

1. 8% x 700,000 minus EUR 13,763.35 = EUR 42,236.65
2. 6% on the whole EUR 700,000 = EUR 42,000
3. 7.5% on the whole EUR 700,000 = EUR 52,500
4. 6% only on the part above EUR 660,982 = EUR 2,341

Example figures: a tax-resident buyer purchases a villa in Comporta for EUR 1,300,000 in 2026 as a permanent own home. Mainland homes above EUR 1,150,853 pay a single 7.5% rate. How much IMT is due (in EUR)?

Example figures: a Lisbon resident buys a second apartment in Setúbal for EUR 250,000 in 2026 to let it out. The 2026 mainland table for homes that are not a permanent own home gives 7% with a deduction of EUR 9,394.50 for this bracket. How much IMT is due (in EUR)?

Example figures: a buyer pays EUR 350,000 for an apartment in Porto. Stamp duty on the purchase is 0.8% of the price. How much stamp duty is due (in EUR)?

Example figures: in October 2026 a non-resident investor living in Dubai, who has never been tax resident in Portugal, buys a home in Lisbon for EUR 400,000. Since 25 May 2026 most non-residents pay a flat 7.5% IMT on homes (Decree-law 97/2026). How much IMT is due (in EUR)?

Same EUR 400,000 Lisbon home. A tax-resident buyer using it as a permanent own home would pay 8% minus EUR 13,763.35 under the 2026 table, while the non-resident pays the flat 7.5%. How much more IMT does the non-resident pay (in EUR)?

A non-resident client is worried about the flat 7.5% IMT introduced by Decree-law 97/2026. In which case can he avoid it or get the difference back?

1. If he pays cash instead of taking a mortgage
2. If the home costs less than EUR 330,539
3. If he was tax resident in Portugal before, or becomes resident within two years of the purchase
4. If he signs the CPCV with a Portuguese agency

Under Decree-law 97/2026, which letting commitment lets a non-resident buyer claim back the extra 7.5% IMT?

1. Letting the home at a moderate rent (up to EUR 2,300 a month) within six months, for at least 36 months in the first five years
2. Registering it as an alojamento local within one year
3. Letting it at any rent for 12 months
4. Letting it to a family member for two years

A 32-year-old resident, not a tax dependant and owning no other property, buys her first permanent home in Almada for EUR 300,000 in 2026. What IMT and stamp duty does she pay on the purchase?

1. IMT of EUR 10,542.04 and stamp duty of EUR 2,400
2. No IMT, but stamp duty of EUR 2,400
3. Half of the normal IMT
4. Nothing: young buyers are exempt from both up to EUR 330,539

Example figures: a 34-year-old qualifying for the young buyer exemption buys his first permanent home in Lisbon for EUR 400,000 in 2026. He pays 8% IMT only on the part above EUR 330,539. How much IMT is due (in EUR)?

Example figures: an apartment has a tax value (VPT) of EUR 180,000 and its municipality sets IMI at the maximum urban rate of 0.45%. What is the yearly IMI (in EUR)?

Example figures: a single individual owns residential properties in Portugal with a total tax value (VPT) of EUR 900,000. AIMI allows a EUR 600,000 deduction and charges 0.7% on the taxable amount up to EUR 1,000,000. What is the yearly AIMI (in EUR)?

Example figures: a single investor owns residential property with a total tax value of EUR 2,100,000. After the EUR 600,000 deduction, AIMI is 0.7% on the taxable amount up to EUR 1,000,000 and 1% from EUR 1,000,000 to 2,000,000. What is the yearly AIMI (in EUR)?

Example figures: your agency sells a house in Sintra for EUR 500,000 at a 5% commission plus 23% VAT. How much does the seller pay the agency in total, VAT included (in EUR)?

Example figures: an apartment in Porto sells for EUR 380,000 with a 4.5% commission (plus VAT). Two agencies share the fee 50/50, and your agency pays you 40% of its share before VAT. How much do you earn (in EUR)?

Example figures: an investor buys a flat in Lisbon for EUR 320,000 and lets it long term at EUR 1,400 a month. What is the gross rental yield (in %)?

Example figures: a resident investor buys a flat in Setúbal for EUR 250,000 (not his own home), paying IMT of EUR 8,105.50 and 0.8% stamp duty. He lets it at EUR 1,100 a month. Yearly costs: IMI EUR 525, condominium EUR 720, insurance EUR 255. What is the net yield on the total cost, before income tax (in %, two decimals)?

Example figures: a tenant in Braga paid EUR 950 a month in 2025. The landlord applied the 2026 coefficient (1.0224) and will apply the 2027 coefficient (1.0256). What will the monthly rent be in 2027 (in EUR)?

A buyer is purchasing an off-plan apartment in Lisbon. What is the contrato-promessa de compra e venda (CPCV)?

1. The final deed that transfers ownership
2. The promissory contract in which both sides commit to the sale before the final deed
3. The agency's mediation contract with the developer
4. The bank's mortgage offer

In what order do the usual steps of an off-plan purchase in Portugal happen?

1. Deed, reservation, CPCV, stage payments
2. CPCV, deed, reservation, stage payments
3. Reservation, CPCV with deposit, stage payments during works, then the deed (escritura) and the balance
4. Stage payments, deed, CPCV, reservation

What formalities must a CPCV for a home meet?

1. It must be written and signed, with the signatures certified in person, for example by a notary, lawyer or solicitor
2. A verbal agreement before two witnesses is enough
3. It must be signed at the land registry by the registrar
4. It only needs the agent's stamp and the buyer's signature

When the signatures on a CPCV for an off-plan home are certified, what must the person certifying confirm?

1. That the buyer has a mortgage approval
2. That the developer has paid its IMI
3. That the agency holds an AMI licence
4. That a construction licence (licença de construção) or a use licence (licença de utilização) exists

A developer says the 2024 Simplex reform removed all licence checks on home sales. Is he right about the CPCV?

1. Yes: no licence is checked at the CPCV or the deed
2. No: Simplex dropped the licence requirement at the deed, but the licence check at the CPCV still applies
3. No: Simplex added a new licence check at the reservation
4. Yes, but only for buyers paying cash

Your buyer signed a CPCV and paid a sinal, then changes his mind and walks away. What happens to the sinal?

1. The seller must return it in full
2. The seller returns half and keeps half
3. The buyer loses it
4. It goes to the agency as its fee

The seller pulls out after the CPCV because he found a better offer. What can your buyer claim under the sinal rules?

1. Double the sinal
2. Only the sinal back, with no extra
3. The sinal plus 10% interest
4. Nothing, because the deed was never signed

Your buyer paid a sinal of EUR 30,000 at the CPCV. The seller then refuses to sign the deed. How much can the buyer claim from the seller under the sinal rules?

An off-plan flat in Porto sells for EUR 380,000 with a 20% sinal at the CPCV. If the developer defaults, how much can the buyer claim under the sinal rules?

A villa in the Algarve costs EUR 500,000. The CPCV sets a 20% deposit, then two stage payments of 15% each during works, with the balance at the deed. How much does the buyer pay at the deed?

A developer's CPCV contains a clause saying the buyer gives up the right to specific performance (execução específica). Is that clause valid?

1. Yes, if the buyer initials it
2. Yes, for off-plan sales only
3. Yes, if the sinal is over 20%
4. No: in a CPCV for a property this right cannot be excluded by a clause

A client asks how much deposit Portuguese developers usually ask for at the CPCV on an off-plan purchase. What is a fair answer?

1. The law fixes it at exactly 5%
2. It is not fixed by law; it is often 10% to 30% of the price
3. The law requires 50% of the price
4. Nothing is paid until the deed

An overseas buyer will pay 40% of the price to a developer before completion. What is the best advice to protect those payments?

1. Pay everything up front to get a bigger discount
2. Pay the instalments into the agent's personal account
3. Ask for a bank guarantee or insurance covering the payments, tie them to construction stages and have a lawyer check the licences and land registry
4. No action is needed because the state guarantees every off-plan payment

Your buyer fears the seller might sell the same flat to someone else before the deed. How can the CPCV protect against that?

1. By giving it real effect (eficácia real): made by deed or authenticated document with an express declaration, and registered at the land registry
2. By adding a higher sinal, which blocks any other sale
3. By sending a copy to IMPIC
4. By having the agent keep the keys

Does signing a CPCV trigger IMT (property transfer tax)?

1. Yes, always, at the full rate
2. Yes, at half the rate
3. Only if the sinal is above 30%
4. No, unless the keys are handed over or the buyer's position is assigned to a third party before the deed

The building is finished and your buyer is ready to complete. What does the state Casa Pronta service offer?

1. A mortgage from a state bank
2. Deed and land registration in one place, at a fixed fee
3. Free legal advice on the CPCV
4. A refund of the IMT

A cash buyer completes, through Casa Pronta, the purchase of a new flat plus a separately registered parking space (two properties). Casa Pronta charges EUR 375 for a cash purchase and EUR 50 for each extra property. What is the fee?

Under the 2026 housing tax package, which new homes get the reduced 6% VAT on construction from 1 July 2026?

1. Every new home, whatever its price or use
2. Only luxury homes above EUR 1 million
3. Only homes bought by non-residents
4. Homes sold as a permanent own home for up to EUR 660,982, or let at moderate rents of up to EUR 2,300 a month

A developer wants to start advertising finished apartments for sale. What must the adverts show about energy performance?

1. The energy class from the energy certificate, issued by an expert recognised by ADENE
2. Nothing until the deed is signed
3. Only the number of solar panels
4. A self-assessment written by the developer

Your buyer's lawyer wants to make the deed conditional on the developer handing over key documents. Which set is a sensible list for a new home?

1. Only the agency's invoice
2. The use licence, the technical housing file (ficha técnica da habitação), the energy certificate and a declaration of no condominium debt
3. The developer's tax return and the architect's CV
4. The buyer's NIF and passport only

A new consultant in Lisbon hears colleagues talk about "the AMI". Which body grants the AMI real estate mediation licence in Portugal?

1. The Tax and Customs Authority (AT)
2. The local council (Câmara Municipal) where the office is located
3. IMPIC, the public institute for public procurement, real estate and construction
4. AIMA, the agency for migration and asylum

Under Law 15/2013, who must hold the IMPIC mediation licence before real estate mediation can be carried out?

1. The mediation firm: a company or an individual trading in their own name (empresário em nome individual)
2. Every consultant who shows homes to clients
3. Only agencies with more than ten consultants
4. Only firms that sell to foreign buyers

You are setting up your own mediation firm in Porto. What minimum civil liability insurance does Law 15/2013 require?

1. EUR 50,000, or a bank guarantee of the same amount
2. EUR 150,000, or an equivalent financial guarantee
3. EUR 500,000 per office
4. No minimum: the amount is agreed with the insurer

A friend says you need a positive company balance sheet and a clean tax certificate to get an AMI licence. What are the legal conditions for the licence today?

1. Positive equity, a clean tax record and a university degree
2. A professional exam and two years of experience in an agency
3. Membership of a national real estate association
4. Commercial good standing (idoneidade comercial) and civil liability insurance or an equivalent guarantee

Which fees does IMPIC charge a mediation firm?

1. EUR 100 for the licence and EUR 265 for the annual regulation fee
2. EUR 265 for the licence and EUR 100 a year
3. EUR 1,000 for the licence, with no annual fee
4. A fee of 1% of the firm's yearly commissions

Your agency got its AMI licence in 2022. What must it do to keep it?

1. Renew the licence every five years with a new application
2. Every January, pay the annual fee and prove again that it still meets the requirements
3. Nothing: once granted, the licence cannot be cancelled
4. Pass an IMPIC audit every two years

For the yearly check, what does a licensed mediation company send IMPIC?

1. Its annual accounts and a list of every consultant
2. A tax clearance certificate and a social security certificate
3. A criminal record certificate for each legal representative, proof of valid insurance and the commercial registry code
4. A copy of every mediation contract signed in the year

You join a licensed agency as a consultant (técnico de mediação imobiliária). What do you need to work legally?

1. Your own AMI licence in your name
2. An IMPIC identity card issued after an exam
3. Nothing at all, not even a contract with the firm
4. No licence of your own, but an identification card issued by the firm, and a contract the firm keeps on file

A seller in Cascais agrees by phone to let your agency market her flat and says the paperwork can wait. What does Law 15/2013 say about the mediation contract?

1. A verbal agreement is enough if the fee is under 5%
2. It must be in writing, with the required elements, or it is void
3. It only needs to be written if the agency has exclusivity
4. It can be agreed by WhatsApp and signed at the CPCV

A signed mediation contract does not state how long it lasts. How long does it run?

1. Three months
2. One year
3. Six months
4. Until the property is sold, with no limit

Your agency wants to use one pre-printed mediation contract with all its sellers. What must happen before it is used?

1. It must first be validated by the consumer authority, the Direção-Geral do Consumidor
2. It must be registered at the land registry
3. It must be approved by a notary for each client
4. Nothing: standard forms are free to use

When is the agency's fee normally due on a sale?

1. When the property is first advertised
2. When the buyer pays the reservation fee
3. Only when the buyer gets the keys, whatever the contract says
4. When the deal is concluded or, if the contract says so, when the promissory contract (CPCV) is signed

Your agency has a mediation contract with the seller. The buyer offers to pay you a fee too if you get him a discount. What does Law 15/2013 say?

1. It is allowed if both fees are on one invoice
2. It is allowed if the buyer's fee is under 1%
3. The firm cannot be paid by both its client and the other party in the same deal
4. It is allowed if the seller is told afterwards

You sell a home for EUR 250,000 with a 5% agency fee. VAT in Portugal is 23%. How much does the seller pay in total, fee plus VAT?

A seller in Braga agrees a 4% fee plus VAT on a sale at EUR 420,000. What is the total invoice, VAT included?

Your agency charges 4% with a minimum fee of EUR 6,000 plus VAT. You sell a flat for EUR 120,000. How much does the seller pay, VAT at 23% included?

You let a flat in Lisbon at EUR 1,800 a month. Your agency charges the usual rental fee of one month's rent plus 23% VAT. What does the landlord pay?

Where must your agency show its name and AMI licence number?

1. Only on the mediation contract
2. Only on adverts for homes above EUR 500,000
3. Only on the office door
4. On every office, contract, advert and piece of correspondence

Under anti-money laundering Law 83/2017, which deals must a mediation firm report to IMPIC in its quarterly communications?

1. Every sale it handles, and every lease with a rent of EUR 2,500 or more a month
2. Only sales above EUR 1 million
3. Only deals paid in cash
4. Only sales to buyers living outside the EU

A Brazilian broker living in São Paulo wants to move to Portugal in 2026 to work for an agency. What changed with Law 61/2025, in force since 23 October 2025?

1. Non-EU nationals can now work in Portugal with no permit at all
2. He must obtain the right visa before travelling; entering as a visitor and regularising later through an expression of interest is no longer possible
3. He can enter as a tourist and apply to AIMA for a work permit within 90 days
4. Only IMPIC can authorise foreign brokers to work

A French consultant moves to Porto to join an agency. What does she need to live and work there?

1. A work visa from the Portuguese consulate in Paris
2. A residence permit from AIMA before her first day
3. Nothing to start working; after three months she registers her residence with the local council (Câmara Municipal)
4. An IMPIC licence in her own name

A Canadian buyer living in Toronto wants to buy a flat in Lisbon. What tax step must he take first?

1. Nothing: foreigners buy with their passport number only
2. Get a Portuguese tax number (NIF), appointing a tax representative because he lives outside the EU and EEA
3. Get a golden visa before any purchase
4. Open a company in Portugal, as individuals from outside the EU cannot buy