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House 125 м² in Lagoa, Portugal

ID 4OTtu
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Area
125 m²
Bedrooms
3
Bathrooms
2

Description

3 bedroom house for sale in Lagoa, Algarve, Portugal.

This three bedroom top floor apartment is located in a quiet residential area on the outskirts of the charming fishing village of Ferragudu. There are cafes and small stores nearby, as well as a daily market and a variety of restaurants in Ferragudu (1,3 km). The beautiful Praia Grande beach can be reached in 25 minutes walk or a quick bike ride away. The apartment has a partially covered private roof terrace and underneath is a large garage for 2-3 cars (37,5 m2), currently used for parking as well as a workshop. From the common entrance of the building, marble steps lead up to this apartment on the second floor (without elevator). The door opens into the entrance hall and living room with open glass doors to the balcony. There is a fireplace for cozy winter evenings and air conditioning in most rooms for year round comfort. The kitchen is well equipped with granite countertops, induction hob and electric oven, and there is space for a table and chairs. Leading off the kitchen is a balcony (enclosed) and a pantry. A door from the living room leads to the sleeping area. Two bedrooms have private balconies and one has glass doors with views of the Monchique mountains and parquet floors and fitted closets in all bedrooms. There are two bathrooms, one with a shower and one with a bathtub (with a shower over it). The top floor has a private roof terrace with a summer kitchen, perfect for entertaining or just relaxing. There is an enclosed area with glass doors for dining in the shade that opens to a spacious terrace with BBQ and pizza oven, plenty of room for sunbathing, and an outdoor shower. From here you have beautiful views of the Monchique Mountains and the countryside. There is also another storage room on this level. On the lower level is a 3 car garage with automatic door. One end of the garage is currently used as a workshop and has a mezzanine for additional storage. This apartment would be a great year round home in a quiet neighborhood or a great low maintenance vacation apartment. Ferragudo with its beautiful beach is only 1.3km away, from where you can take a water cab to Portimão and Praia da Rocha. Portimão with its river front and great stores is just across the river and there are golf courses, stores and an international school, all within 10 minutes by car. Faro airport is 40 minutes away by highway.

Characteristics

Property type
All Types
Object type
House
Price
279 824 $

FAQ

How can I get a residence permit by buying property in Portugal?

In Portugal a residence permit is typically issued based on a minimum investment threshold. Applications are reviewed within 30–60 days in Lagoa; you will need a passport, proof of funds, and the ownership documents. Hatamatata helps prepare and submit the paperwork.

Is a mortgage available for non-residents in Portugal?

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.

What taxes and fees apply when buying in Portugal?

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.

How is the title checked in Portugal?

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.

Can I rent out property after purchase in Portugal?

Yes. Rental income tax is 5–25% depending on the regime. In Lagoa short-term tourist rentals typically yield 5–8% per year. Municipal permission and income registration are usually required.

Is a property inspection recommended before purchase?

Yes. An inspection costs about 0.5–1% of the price (279 824 $) and covers structure, utilities and legal status. Hatamatata arranges a qualified engineer with an EN/RU report.

How long does the purchase process take in Portugal?

A typical transaction runs 30–90 days, averaging 45 in Lagoa: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).

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