Property Abroad

Portugal

Algarve

Fara

Flat

Flat 173 м² in Fara, Portugal

1 110 439 $

6 418 $ /м²

4OUDO

Flat 173m² in Portugal, Fara. Priced at 950000€ rent photo- #1

Flat 173m² in Portugal, Fara. Priced at 950000€ rent photo- #2

Flat 173m² in Portugal, Fara. Priced at 950000€ rent photo- #3

Flat 173m² in Portugal, Fara. Priced at 950000€ rent photo- #4

Flat 173m² in Portugal, Fara. Priced at 950000€ rent photo- #5

Flat 173m² in Portugal, Fara. Priced at 950000€ rent photo- #6

Flat 173m² in Portugal, Fara. Priced at 950000€ rent photo- #7

Flat 173m² in Portugal, Fara. Priced at 950000€ rent photo- #8

Flat 173m² in Portugal, Fara. Priced at 950000€ rent photo- #9

Flat 173m² in Portugal, Fara. Priced at 950000€ rent photo- #10

Flat 173m² in Portugal, Fara. Priced at 950000€ rent photo- #11

Area

173 м²

Bedrooms

Luxury 2-bedroom apartment with 173 sqm of living space.

AVAILABLE FOR GOLDEN VISA 400KLuxury 2-bedroom apartment with 173 sqm of living space.The apartment consists of an entrance hall, fully equipped kitchen, large living room with access to an exclusive outdoor terrace, shared bathroom, 2 bedrooms with en-suite bathrooms.The apartment is located on the second floor and has access to a 24 sqm terrace.The property can be purchased furnished for an additional price of €79,950.The apartments have high quality finishes, air conditioning, hydraulically heated floor heating, solar panels, intelligent device, fire system and alarm system. Fire system and alarm system are also installed.Parking 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

1 110 439 $

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 (1 110 439 $) 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).