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Flat 97 м² in Fara, Portugal

ID 4OULB
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Area
97 m²
Bedrooms
3

Description

Townhouse M1+2'.

AVAILABLE FOR GOLDEN VISA 400KThis project is located in Lagoa, one of the main centers of orange culture and export in Europe. Located between the beautiful and picturesque villages of Ferragudo and Carvoeiro, this complex is currently under construction. With beautiful sea and mountain views, just a short drive from the beaches and with a wide range of services.Adjoining M1+2 house near Carvoeiro. This new semi-detached house is perfectly located in the center of a new tourist development. The room is flooded with natural light and has two windows with exceptional views of Portimão and Serra de Monchique.The open kitchen to the living room is equipped with all necessary appliances:- Oven;- Kitchen hood;- Fridge;- Microwave;- Induction hob;- Dishwasher;- Washing machine. One of the bedrooms has its own bathroom, the other two bedrooms can be used as a study, TV room or two more bedrooms, a second bathroom is available for these two bedrooms. There is a terrace in front of the living room, another covered terrace is next to the private pool. This 119 m2 house has air conditioning in all rooms and a water heater. The excellent location of these resorts means that they are close to the most beautiful beaches in the Algarve, Carvoeiro and Ferragudo, as well as all the tourist attractions that the Algarve has to offer. A visit to one of the water parks, a boat trip to the most beautiful rock caves in the Algarve and numerous water sports in the surrounding area are other benefits of this complex. The property can be used as a vacation home all year round or as an investment. It has excellent access to:-2.5 km from the train station;-3 km from the service area;-7.5 km from the supermarket;-10 km from the beach;-14.4 km from the highway;-63 km from Faro airport.Yield:-40% for the company 60% for the owner.- V2 +1 - 32 villas and 44 apartments- Start of construction 9/2022- Houses from €495,000'.

Characteristics

Property type
Investment
Object type
Flat
Price
548 509 $

Services and facilities

  • Air conditioner
  • Household appliances
  • Balcony or terrace

Location

Approximate location
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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 Fara; 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 Fara 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 (548 509 $) 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 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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Flat with 3 bedrooms in Fara, Portugal