Flat 120 м² in Portiman, Portugal

373 968 $

3 116 $ /м²

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Flat 120m² in Portugal, Portiman. Priced at 277466£ rent photo- #1

Flat 120m² in Portugal, Portiman. Priced at 277466£ rent photo- #2

Flat 120m² in Portugal, Portiman. Priced at 277466£ rent photo- #3

Flat 120m² in Portugal, Portiman. Priced at 277466£ rent photo- #4

Flat 120m² in Portugal, Portiman. Priced at 277466£ rent photo- #5

Flat 120m² in Portugal, Portiman. Priced at 277466£ rent photo- #6

Area

120 м²

Bedrooms

Bathrooms

Apartment for sale in Portimão, Portugal

Introducing Mocho Terraces, a gated residential development located in the quiet area of Cabeço do Mocho, Sesmarias, Portimão. This exquisite project consists of three buildings, each with three floors and a basement, housing 21 luxury dwellings. The development will be developed in three phases to ensure smooth progress. Mocho Terraces offers exclusive T2 + 1 duplex apartments, creating a sense of exclusivity through limited quantities. These well-designed dwellings are bathed in natural light and feature spacious living areas complemented by large panoramic terraces and balconies (from 8 to 60 square meters) offering mountain and sea views. Each apartment includes 1 or 2 parking spaces in the basement, accessible by elevator. Apartments on the second floor have the added bonus of a roof terrace, which is accessible from inside the apartment, allowing residents to enjoy the tranquil surroundings and the possibility of installing a Jacuzzi or swimming pool. Designed with an emphasis on comfort, safety and elegant finishes, Mocho Terraces seeks an A+ energy rating. Apartments, regardless of floor, offer ample terrace space for outdoor relaxation. High-quality finishes and insulation show exceptional craftsmanship and attention to detail. The first apartments within Mocho Terrace are due for delivery in September 2023, providing an exciting opportunity for residents to experience the ultimate in luxury. This long-awaited milestone is the beginning of an exceptional residential experience at this prestigious development. Apartment prices range from 320,000 to 425,000.

Additional details

Property type

Residential Properties

Object type

Flat

Price

373 968 $

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 (373 968 $) 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).