Flat 280 м² in Portiman, Portugal

1 433 224 $

5 118 $ /м²

4OWXc

Flat 280m² in Portugal, Portiman. Priced at 1220000€ rent photo- #1

Flat 280m² in Portugal, Portiman. Priced at 1220000€ rent photo- #2

Flat 280m² in Portugal, Portiman. Priced at 1220000€ rent photo- #3

Flat 280m² in Portugal, Portiman. Priced at 1220000€ rent photo- #4

Flat 280m² in Portugal, Portiman. Priced at 1220000€ rent photo- #5

Flat 280m² in Portugal, Portiman. Priced at 1220000€ rent photo- #6

Area

280 м²

Bedrooms

Luxury 2 bedroom apartment for sale in Portimão, Distrito de Faro

This luxury apartment with magnificent views of Praia da Rocha marina and Ferragudo Castle consists of: Hall, bathroom, kitchen combined with dining room and large living room, two bedrooms with en-suite bathrooms, technical area and laundry room. Outside you will find a terrace with Jacuzzi covered with pergola. There is direct access to a private parking lot. This house, in the process of renovation, with high quality finishes, will be sold in turnkey acquisition mode. Features: -equipped kitchen; -central air conditioning; -double glazing; -parking space. Come and explore this project that could be your new home.Portimão is a port city in the Algarve region of southern Portugal. It is known for its historic center, lively marina and proximity to several beaches. In recent years, the Arade River has become a venue for major events. It also hosts the international Formula 1 motorsport championship. Portimão is one of the most popular places in the Algarve due to its huge tourist development. It has excellent beaches and a wide range of leisure activities, restaurants and entertainment. Portimão has it all: Praia de Alvor and Praia da Rocha are perhaps the most popular destinations for vacationers looking for sun, sand, social nightlife and general enjoyment.

Additional details

Property type

Residential Properties

Object type

Flat

Price

1 433 224 $

FAQ

In Portugal a residence permit is typically issued based on a minimum investment threshold. Applications are reviewed within 30–60 days in Portiman; 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 Portiman 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 (1 433 224 $) 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 Portiman: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).