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Flat 100 м² in Fara, Portugal

ID 4OUIr
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Area
100 m²
Bedrooms
2

Description

A 2 bedroom apartment in a luxury complex in Almancil, Loulé!

AVAILABLE FOR GOLDEN VISA 400A 2-bedroom apartment in a relatively new premium complex in Quinta do Lago.Owning an apartment in this complex gives the owner the privilege of having full access to modern leisure services and exclusive hotel benefits.The apartment has a total area of 85 m², which is divided into: - living and dining room;- open space kitchen;- 2 suites with dressing room;- shared bathroom;- balcony/terrace.The kitchen is fully equipped.All apartments have a parking space.This is an exclusive resort with first class sports and recreational activities, 5 world class golf courses, restaurants, and proximity to beaches, surfing, horseback riding, hiking trails and many other activities in one place. The resort offers access to certain amenities and services such as:● Concierge;● Personalized check-in;● High-speed Wi-Fi;● Daily housekeeping with bed-making service;● Complimentary 3-year membership to the world's largest luxury exchange program with over 240 of the world's finest vacation properties;● Discounted hotel rates. The property will be managed by an international brand.There are two profitability options:Option A:● Guaranteed net rental income of 4% per year for the first 5 years, less all condominium and operating expenses, but before taxes (excluding furnishings).Option B:● Yield program of 42.5% of net rental income.In both options, each owner has 12 weeks of private use of the condo in both options, with booking restrictions.The condo is located 20 minutes from the airport

Characteristics

Property type
Residential Properties
Object type
Flat
Price
1 030 533 $

Services and facilities

  • Air conditioner
  • Pool
  • Household appliances
  • Balcony or terrace

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 (1 030 533 $) 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 2 bedrooms in Fara, Portugal