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Flat 99 м² in Albufeira, Portugal

ID 4OUwO
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Area
99 m²
Bedrooms
2
Bathrooms
1

Description

"1+1 bedroom apartment in Albufeira, Algarve

Luxury construction, for sale in Oura, Albufeira. Complex with two swimming pools, one more suitable for family living, surrounded by large green grass and the other is located on the top floor of the building and offers panoramic views. The apartment has a fully equipped kitchen with BOSCH appliances, open plan with living room. Bedrooms with fitted closets, and bathroom with hanging sanitary ware. The first floor apartment has two terraces: one at the entrance to the apartment, and another of about 50 square meters with a south-south-west orientation at the back. The first and second floors have a balcony of 30 square meters, either facing south or west. Also on the top floor there is a 30 sqm balcony with sea view on the west side. Installation of air conditioning and solar hot water, the building is equipped with an elevator and each apartment has two parking spaces in the basement. There is a possibility to install a Jacuzzi for an extra charge.Welcome to Albufeira, a picturesque resort town located in the heart of the Algarve region of Portugal. As a real estate professional specializing in Albufeira relocation assistance, I want to share with you why this picturesque place should be your new home. Albufeira is known for its breathtaking beaches and spectacular coastline. Imagine waking up to the sound of the surf on the golden sands and being greeted by the friendly Mediterranean sun every morning. The city has many beautiful beaches including Praiados Pescadores, Praiados Oura and Praiade San Rafael, each with its own charm and appeal. Whether you enjoy sunbathing, swimming or water sports, Albufeira's beaches offer endless opportunities for relaxation and leisure.Apart from the beaches, Albufeira has a rich cultural heritage that blends perfectly with modern amenities. The historic city center, known as the Old Town, offers cobblestone streets lined with white-washed buildings decorated with bright

Characteristics

Property type
Residential Properties
Object type
Flat
Price
578 957 $

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 Albufeira; 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 Albufeira 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 (578 957 $) 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 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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Flat with 2 bedrooms in Albufeira, Portugal