House 157 м² in Albufeira, Portugal

991 718 $

6 316 $ /м²

4OTY1

House 157m² in Portugal, Albufeira. Priced at 850000€ rent photo- #1

House 157m² in Portugal, Albufeira. Priced at 850000€ rent photo- #2

House 157m² in Portugal, Albufeira. Priced at 850000€ rent photo- #3

House 157m² in Portugal, Albufeira. Priced at 850000€ rent photo- #4

House 157m² in Portugal, Albufeira. Priced at 850000€ rent photo- #5

House 157m² in Portugal, Albufeira. Priced at 850000€ rent photo- #6

Area

157 м²

Property for sale in Albufeira, Algarve, Portugal.

Excellent complex of 3 independent houses located 100 meters from the beach of Pescadores in the center of Albufeira and in need of renovation. All houses were built before 1951 and have independent entrances. Each house can be sold in the future as an independent unit. The first house consists of three floors: the first floor has two entrances that were previously used as a local cafe but the license is for housing, the first floor has 4 bedrooms, bathroom, kitchen with living room and attic with terrace with city / sea views. Shared courtyard or can be shared. The second house has two floors and entrance from another street, but needs serious renovation. The third house also has two floors. The house is built 450 square meters and is located just 100 meters from the beach of fishermen. Great opportunity for business - hostel, residential, local accommodation and also for permanent housing. Make an appointment for a viewing! Energy Rating: F #ref: EDI_273

Additional details

Property type

All Types

Object type

House

Price

991 718 $

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 (991 718 $) 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).