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House 248 м² in Albufeira, Portugal

698 990 $

2 818 $ /м²

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Area

248 м2

Bedrooms

7

Bathrooms

4

A 7 bedroom villa for sale in Albufeira, Algarve, Portugal.

This versatile property has many different parts, ideal for a large family, guest house or to create income from individual annexes (currently rented out on long term leases). The main house has a total of four bedrooms (one of which is in a separate wing with its own kitchen), as well as a cozy office. The bright, spacious living room with two annexes is completely separate from the main house, providing guests or renters with their own private space. It is possible to divide the property into four separate houses. The large grounds have a vegetable garden, lots of trees and plenty of open space. The property has a large garage, plenty of room to install a pool. Next to the large, bright living room there is a spacious kitchen with dining area. It has direct access to the BBQ area, outdoor kitchen and bar area so you have plenty of space for outdoor seating. All of this is close to all local amenities and close to everything you need. Albufeira's beaches and nightlife are only a short drive away. An ideal property in the Algarve for those looking to create rental income, both permanently and in the summer season. - REF: 1001-2271

Additional details

Property type

All Types

Object type

House

Price

698 990 $

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 (698 990 $) 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).

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