House 585 м² in Albufeira, Portugal

1 988 301 $

3 398 $ /м²

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House 585m² in Portugal, Albufeira. Priced at 1700000€ rent photo- #1

House 585m² in Portugal, Albufeira. Priced at 1700000€ rent photo- #2

House 585m² in Portugal, Albufeira. Priced at 1700000€ rent photo- #3

House 585m² in Portugal, Albufeira. Priced at 1700000€ rent photo- #4

House 585m² in Portugal, Albufeira. Priced at 1700000€ rent photo- #5

House 585m² in Portugal, Albufeira. Priced at 1700000€ rent photo- #6

Area

585 м²

Bedrooms

Bathrooms

Luxury 8 bedroom detached house in 8200, Albufeira e Olhos de Agua, Albufeira, Faro District

Private condominium in Albufeira! This superb private condominium consists of eight units built in just three floors. All units have spacious areas, some with balconies, as well as an open concept living and kitchen area. There is a swimming pool on the condominium grounds, as well as a laundry room. Albufeira is world famous for its beaches, there are over twenty beaches, all with unique characteristics, from beautiful rock beaches to beaches with expansive sand and a golden hue. A characteristic feature of Albufeira is its gastronomy, consisting of seafood and fish, as in most of the Algarve. It is also characterized by its exceptional quality and you&

Additional details

Property type

Residential Properties

Object type

House

Price

1 988 301 $

FAQ

In Portugal a residence permit is typically issued based on a minimum investment threshold. Applications are reviewed within 30–60 days in Albufeira; 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 Albufeira 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 (1 988 301 $) 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 Albufeira: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).