House 802 м² in Silves, Portugal

2 571 543 $

3 206 $ /м²

4OWBs

House 802m² in Portugal, Silves. Priced at 2200000€ rent photo- #1

House 802m² in Portugal, Silves. Priced at 2200000€ rent photo- #2

House 802m² in Portugal, Silves. Priced at 2200000€ rent photo- #3

House 802m² in Portugal, Silves. Priced at 2200000€ rent photo- #4

House 802m² in Portugal, Silves. Priced at 2200000€ rent photo- #5

House 802m² in Portugal, Silves. Priced at 2200000€ rent photo- #6

Area

802 м²

Bedrooms

Bathrooms

Luxury 5 bedroom apartment for sale in Silves, Distrito de Faro

This beautiful old building is located in the center of the picturesque medieval town of Silves in the Western Algarve. The house is conveniently located with all the amenities you need on your doorstep, close to the banks of the River Arade which runs through the town. An easy stroll will take you to local cafes, terraces, restaurants, the local market and supermarkets. The highly acclaimed Marisqueira Rui restaurant is just a short walk away and the beautiful beaches of Carvoeiro are only a 10 minute drive away. A great place to live in the authentic setting of a beautiful Portuguese town. There is a lovely family house built on the plot, which could possibly be used as a small boutique hotel if you wanted to start such a business. With four spacious bedrooms and a studio for the master on the first floor, the house is certainly suitable for such a project. There is a spacious private garage on the first floor. Original double wooden doors open into a hallway with staircase and elevator at the heart of the house. Light to the staircase comes through from the roof terrace, so the hallway is a bright space in the center of the house. The first floor continues with an atelier and a one-bedroom studio, which will have a living room with kitchenette, bathroom and bed (room). The total area of this floor is 158,57 m2. The second floor plans show a large living room with open plan kitchen

Additional details

Property type

All Types

Object type

House

Price

2 571 543 $

FAQ

In Portugal a residence permit is typically issued based on a minimum investment threshold. Applications are reviewed within 30–60 days in Silves; 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 Silves 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 (2 571 543 $) 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 Silves: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).