Property Abroad

Portugal

Faro

Portiman

House

House 103 м² in Portiman, Portugal

381 357 $

3 702 $ /м²

4ObWB

House 103m² in Portugal, Portiman. Priced at 282508£ rent photo- #1

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Area

103 м²

Bedrooms

Bathrooms

Great 3 bedroom house, center of Portimão, close to the university

Located in the center of Portimão, close to the University of Algarve, this typical Algarve house was completely renovated in 2017 and has an excellent finish.The house consists of an open space kitchen on the first floor for a large living room, guest bathroom, backyard with storage room that leads to a twin bedroom, upstairs a bathroom with natural light, a bedroom and a nice balcony, also on the 1st floor but at the back another bedroom with bathroom. The house is sold furnished and equipped, ready to live, vacation or rent, either annually or AL.The windows face east and is close to all shopping and service centers, the center of Portimão is about 5 minutes walk. Residential and quiet neighborhood. Don't miss the opportunity to buy a property in one of the most picturesque areas of the Algarve.

Services and facilities

Air conditioner

Additional details

Property type

All Types

Object type

House

Price

381 357 $

Characteristics

Air conditioner

FAQ

In Portugal a residence permit is typically issued based on a minimum investment threshold. Applications are reviewed within 30–60 days in Portiman; 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 Portiman 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 (381 357 $) 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 Portiman: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).