Flat 116 м² in Fara, Portugal

532 918 $

4 594 $ /м²

4OULF

Flat 116m² in Portugal, Fara. Priced at 455000€ rent photo- #1

Flat 116m² in Portugal, Fara. Priced at 455000€ rent photo- #2

Flat 116m² in Portugal, Fara. Priced at 455000€ rent photo- #3

Flat 116m² in Portugal, Fara. Priced at 455000€ rent photo- #4

Flat 116m² in Portugal, Fara. Priced at 455000€ rent photo- #5

Flat 116m² in Portugal, Fara. Priced at 455000€ rent photo- #6

Area

116 м²

Bedrooms

Bathrooms

Townhouse M1+2

This project is located in Lagoa, one of the main centers of culture and orange exports in Europe. This complex, situated between the beautiful and picturesque villages of Ferragudo and Carvoeiro, is currently under construction. With stunning views of the sea and mountains, just a few minutes drive from the beaches and with a wide range of services. Adjacent house M1+2 near Carvoeiro. This new two-bedroom house is perfectly located in the center of the new tourist development. The room is bright and has two windows with exceptional views of Portimao and Serra de Monchique. The open kitchen in the living room is equipped with all necessary appliances: - Oven; - Hood; - Refrigerator; - Microwave; - Induction hob; - Dishwasher; - Washing machine. One of the bedrooms has its own bathroom, the other two bedrooms can be used as an office, TV room, or two more bedrooms, the second bathroom is available for these two bedrooms. In front of the living room there is a terrace, another covered terrace 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 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. Visiting one of the water parks, boating to the most beautiful rocky caves in the Algarve, and numerous water sports in the area are other advantages of this complex. The property can be used as a year-round holiday home 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. Returns: -40% for the company 60% for the owner. - V2 +1 - 32 villas and 44 apartments - Construction start 9/2022 - Houses from€495,000

Services and facilities

Air conditioner

Balcony or terrace

Additional details

Property type

Investment

Object type

Flat

Price

532 918 $

Characteristics

Air conditioner

Balcony or terrace

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 (532 918 $) 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).