Property Abroad

Portugal

Algarve

Fara

Flat

Flat 73 м² in Fara, Portugal

718 507 $

9 842 $ /м²

4OUDH

Flat 73m² in Portugal, Fara. Priced at 609000€ rent photo- #1

Flat 73m² in Portugal, Fara. Priced at 609000€ rent photo- #2

Flat 73m² in Portugal, Fara. Priced at 609000€ rent photo- #3

Flat 73m² in Portugal, Fara. Priced at 609000€ rent photo- #4

Flat 73m² in Portugal, Fara. Priced at 609000€ rent photo- #5

Flat 73m² in Portugal, Fara. Priced at 609000€ rent photo- #6

Flat 73m² in Portugal, Fara. Priced at 609000€ rent photo- #7

Flat 73m² in Portugal, Fara. Priced at 609000€ rent photo- #8

Flat 73m² in Portugal, Fara. Priced at 609000€ rent photo- #9

Flat 73m² in Portugal, Fara. Priced at 609000€ rent photo- #10

Flat 73m² in Portugal, Fara. Priced at 609000€ rent photo- #11

Area

73 м²

Bedrooms

Luxury 1-bedroom apartment with 106 square meters of living space.

Luxury 1-bedroom apartment with 106 sq.m of living space.The apartment consists of an entrance hall, fully equipped kitchen, large living room, 1 shared bathroom, 1 bedroom with en-suite bathroom.The apartment is located on the first floor and has access to a terrace of 84 sq.mThe property can be purchased furnished for an additional price of 55.350 euros.The apartments have high quality finishes, air conditioning, underfloor heating with hydraulic heating, solar panels, intelligent device for lighting and temperature control. Also installed fire system and alarm systemParking space in the underground garage is sold together with the property.Resort location:22 km from Faro airport12 km from Vilamoura city20 km from the nearest beach

Services and facilities

Air conditioner

Pool

Household appliances

Garage/parking

Balcony or terrace

Lift

Additional details

Property type

Residential Properties

Object type

Flat

Price

718 507 $

Characteristics

Air conditioner

Pool

Household appliances

Garage/parking

Balcony or terrace

Lift

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 (718 507 $) 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).