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Flat 115 м² in Albufeira, Portugal

ID 4OUmy
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Area
115 m²
Bedrooms
2
Bathrooms
1

Description

1+ bedroom apartment located in Albufeira, Algarve.

Luxury construction in the process of being sold in Oura, Albufeira. Condominium with two swimming pools, one more suitable for families, with a large lawn surrounding it and the other located on top of the building with panoramic views. The apartments consist of a fully equipped kitchen with BOSCH appliances, open spacious lounge area. Bedrooms with built-in closets and bathrooms with hanging furniture. The first floor apartments have two terraces: one at the entrance of the apartment and the other about 50 sqm with south and southwest orientation at the back. The first and second floor have a 30 sqm balcony either south or west facing. Attica also has a 30 sqm balcony facing west with sea views. Installation of air conditioning and solar hot water, the building is equipped with an elevator and each apartment will have two parking spaces in the basement. Possibility of installing a Jacuzzi as an additional choice. ---- Welcome to Albufeira, a picturesque resort town located in the heart of the Algarve in Portugal. As a real estate professional who helps people move to Albufeira, I'm here to tell you why this vibrant resort should be your new home. Albufeira is known for its breathtaking beaches and mesmerizing coastline. Imagine waking up to the sound of the surf on the golden sand, where you are greeted by the warm Mediterranean sun every morning. The city has many beautiful beaches including Praia dos Pescadores, Praia da Oura and Praia de San Rafael, each with its own cozy and charming feel. Whether you enjoy sunbathing, swimming or water sports, Albufeira's beaches offer endless opportunities for relaxation and leisure. Apart from the beaches, Albufeira offers a rich cultural heritage that perfectly blends with modern amenities. The historic city center, known as the Old Town, has narrow cobblestone streets lined with white-washed buildings adorned with bright bougainvillea. Here you will find many traditional Portuguese restaurants, o

Characteristics

Property type
Residential Properties
Object type
Flat
Price
627 560 $

Services and facilities

  • Pool
  • Garage/parking

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 (627 560 $) 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