Flat 87 м² in Fara, Portugal

637 426 $

7 326 $ /м²

4OUN9

Flat 87m² in Portugal, Fara. Priced at 545000€ rent photo- #1

Flat 87m² in Portugal, Fara. Priced at 545000€ rent photo- #2

Flat 87m² in Portugal, Fara. Priced at 545000€ rent photo- #3

Flat 87m² in Portugal, Fara. Priced at 545000€ rent photo- #4

Flat 87m² in Portugal, Fara. Priced at 545000€ rent photo- #5

Flat 87m² in Portugal, Fara. Priced at 545000€ rent photo- #6

Flat 87m² in Portugal, Fara. Priced at 545000€ rent photo- #7

Flat 87m² in Portugal, Fara. Priced at 545000€ rent photo- #8

Flat 87m² in Portugal, Fara. Priced at 545000€ rent photo- #9

Area

87 м²

Bedrooms

Apartment in the Algarve. City - Faro

This apartment is located in a luxury residential complex in the Algarve with several services.The condominium is gated and has a 24 hour reception, work and social rooms, SPA and fitness room, yoga and zen gardens and an indoor market with organic products. The apartment has an area of 102m2 which is divided into 2 floors.On the first floor there are:- Spacious living room;- Equipped kitchen.On the 1st floor there are:- Bedroom- Bathroom;- Terrace.The apartment is within walking distance to one of the beautiful beaches of the Algarve. Thanks to internal rental management, the owners can generate rental income when not occupying the apartment.Don't miss this great investment opportunity!It is located just:- 180m from the beach;- 600m from other supermarkets;- 700m from several restaurants and cafes;- 2km from Albufeira Adventure Park;- 2km from Balaia golf course.

Services and facilities

Air conditioner

Pool

Household appliances

Balcony or terrace

Additional details

Property type

Investment

Object type

Flat

Price

637 426 $

Characteristics

Air conditioner

Pool

Household appliances

Balcony or terrace

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 (637 426 $) 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).