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Flat 128,08 м² in Fara, Portugal

445 734 $

3 482 $ /м²

4OUKt
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Area

128,08 м2

Bedrooms

4

Premium 4 bedroom apartment in Portimão!

Magnificent 4-bedroom apartment located in a region that exalts beauty, wealth, romantic architecture, beaches, fame and prosperity in Portimão!This impressive and exciting apartment will have first-class finishes, spacious rooms, fantastic views of the vast green area providing privacy.Finished in a contemporary design.Let yourself live in comfort! Apartment with three facades, with excellent premium finishes, with a total area of 128 m², distributed as follows:-Large living room and open kitchen of 29 m², well lit;-Bathroom of 5 m²;-Suite of 15 sqm. With closets and a 5m² bathroom;-Suite 11m² with closets and a 3m² bathroom;-Bedrooms 13m² and 10m² with closets;-Kitchen equipped with appliances such as:-Oven;-Hob-Fridge;-Microwave oven-Dishwasher;-Washer. Considering the standard of this property, its finishes have been chosen to provide the comforts already provided by the infrastructure and among them are: - Electric blinds; - Smart home system; - Electric towel rack in the bathroom; - Bathroom Roca or equivalent; - Ceramic tiles by Pameza or equivalent; - Flooring by TARKKET or equivalent; - ORONA elevators, capacity 8 people, two units; For air conditioning, split-air independent air conditioning will be pre-installed, as well as electric underfloor heating in the kitchen and bathrooms. Regarding technical security systems, there will be an intercom, video intercom and high security doors. Double glazing with aluminum frames with thermal insulation.The heating of technical water will be carried out by a system of solar panels, reinforced by a boiler, with an individual storage tank.On the outside of the condominium there will be a common area and external parking. Completion is scheduled for the first quarter of 2023! Location:-150 m from the kindergarten "Fojo";-900 m from the supermarket;-1 km from the hospital of São Camilo;-1,5 km from the health center of Portimão;-1,5 km from the river Arade.

Services and facilities

Air conditioner
Household appliances
Balcony or terrace
Lift

Additional details

Property type

All Types

Object type

Flat

Price

445 734 $

Characteristics

Air conditioner
Household appliances
Balcony or terrace
Lift
City View
Park View

FAQ

In Portugal a residence permit is typically issued based on a minimum investment threshold. Applications are reviewed within 30–60 days in Fara; 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 Fara 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 (445 734 $) 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 Fara: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).

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