Flat 159 м² in Portiman, Portugal

598 222 $

3 762 $ /м²

4OZcj

Flat 159m² in Portugal, Portiman. Priced at 510000€ rent photo- #1

Flat 159m² in Portugal, Portiman. Priced at 510000€ rent photo- #2

Flat 159m² in Portugal, Portiman. Priced at 510000€ rent photo- #3

Flat 159m² in Portugal, Portiman. Priced at 510000€ rent photo- #4

Flat 159m² in Portugal, Portiman. Priced at 510000€ rent photo- #5

Flat 159m² in Portugal, Portiman. Priced at 510000€ rent photo- #6

Area

159 м²

Bedrooms

Luxury apartment for sale in Portimão, Distrito de Faro

Portimão has a new condominium development consisting of 2 buildings of 3 floors and a swimming pool. Each unit will consist of 2 and 3 bedroom apartments, the 2 bedroom apartments are entitled to use a parking space in the basement and the 3 bedroom apartments will have access to 2 parking spaces. Outside there is a communal gym, two swimming pools and, in each of the buildings, a communal terrace. Located a few minutes from the center of Portimão and the village of Alvor, this complex leaves nothing to chance: the quality of construction and materials used, as well as maximum comfort are the key features. Each of the apartments will have solar panels for water heating and each of the buildings will have an elevator. Each apartment features air conditioning, underfloor heating in bathrooms, electric blinds, fully equipped kitchens, luxury finishes and high quality thermal and acoustic insulation. The apartments are characterized by spacious areas, large verandas and open kitchen space with living room. Features: Private condominium; Fully equipped kitchen; Air conditioning; Double glazing; Gymnasium; Garage; Condominium pool. Are you looking for quality and comfort? You have just found your new home. Contact us now and we will help you with the entire process.

Additional details

Property type

Residential Properties

Object type

Flat

Price

598 222 $

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 (598 222 $) 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).