Two bedroom apartment under construction in the center of Portimão, Portugal
New apartment in a gated condominium with 2 bedrooms, located in the center of Portimão under construction, just 900 meters from the magnificent promenade in the river area of Portimão.
The apartment is located in Res de Chão in an 8-storey building with 18 apartments.
The apartment consists of an entrance hall with large living and dining room and equipped kitchen in an open space, service toilet, 2 bedrooms, one of which is in a suite, large balcony with barbecue and direct access to the suite and living room.
The apartment has:
- Water heating with a heat pump brand Junkers, for T2 for 200 liters and T3 for 250 liters, a comfortable system, with energy savings of more than 70%.
- Kitchen and toilet are equipped with electric radiator floor.
- Equipment: kitchen appliances brand BOSCH.
- Kitchen furniture in polylaminate in two colors.
- Electric thermal blinds.
- Electric toilet.
- Bathroom brand ROCA
- Ceramics brand PAMEZA
- Floating floor brand TARKKET
- Home automation.
- Installation of air conditioning brand BOSCH.
- Color video Porter.
- High security door.
- Classification A+
The condominium has:
- Video surveillance outside with cameras controlled by the condominium.
- Playground
- Exterior lighting on LED brackets with automatic clocks.
- Elevator with capacity for up to 8 people.
Condonium is located in the center of Portimão, just 900 meters from the stunning promenade of Portimão's river district and a short walk from Praia Da Rocha.
Portimão is a city facing the sea, with Africa on the other side. As well as fantastic beaches, it has the warmest water of the south coast. You can try fish and seafood dishes at local restaurants, boat rides on the river and the sea. Once a predominant port town, it is now home to the third largest seaport (in terms of passengers) and hosts many cruise ships, mostly in the summer.
In other words, a superb panorama that evokes the perfection of the Greek landscape, beautiful cliffs, warm climate, mountains, sea - more than enough reasons to visit this city.
Discover the history of Portimão, let yourself be enchanted by the historical and cultural heritage that enriches every moment.
In Portugal a residence permit is typically issued based on a minimum investment threshold. Applications are reviewed within 30–60 days in Fara; you will need a passport, proof of funds, and the ownership documents. Hatamatata helps prepare and submit the paperwork.
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.
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.
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.
Yes. Rental income tax is 5–25% depending on the regime. In Fara short-term tourist rentals typically yield 5–8% per year. Municipal permission and income registration are usually required.
Yes. An inspection costs about 0.5–1% of the price (257 633 $) and covers structure, utilities and legal status. Hatamatata arranges a qualified engineer with an EN/RU report.
A typical transaction runs 30–90 days, averaging 45 in Fara: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).
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