Flat 124 м² in Olhão, Portugal

1 536 053 $

12 387 $ /м²

4OhhG

Area

124 м²

Bedrooms

Bathrooms

Apartment in Faro. City - Oljan

Apartment T2, located next to Marina in Olhán, in the Algarve region.

This apartment stands out for its innovative architecture and modern design, harmoniously integrating natural elements with high-quality materials. Aesthetics are characterized by elegant lines, spacious open spaces and refined finishes, providing an atmosphere of sophistication and comfort.

This property has a total private area of 123.63m2 and a balcony of 32.87m2.

The infrastructure and decoration of this complex are characterized by:
- Heat insulation;
- Aluminum frames and blinds;
- Fully equipped kitchen with refrigerator, oven, microwave, hood and induction stove;
- Washing and dishwasher;
- Ceramic flooring;
- Suspended ceilings with built-in lighting;
- Suspended plumbing;
- Security door;
- Air conditioning;
- Fire, gas and carbon monoxide detection system;
General video surveillance system with infrared cameras.

In addition to luxurious amenities, you can enjoy personalized and attentive service in this apartment. The concierge team is always ready to meet your needs and provide individual assistance, including round-the-clock security to fully protect your home and family.

Its location offers the perfect combination of tranquility and convenience, providing easy access to water sports, beautiful coastal landscapes and a variety of local services and amenities.

Located:
- 150 m from the pharmacy;
- 400 m from the market;
- 600 m from Marina Olyan and the restaurant;
- 1 km from the railway station;
- 1.5 km from the supermarket;
- 7.7 km from the natural park;
- 10 km from Faro Hospital;
- 15 km from Faro airport;
- 16 km from the motorway.

Expected completion date of March 2025.

Contact us for more information.
Energy consumption class: A
#ref:0510/24

Services and facilities

Private beach

Security system

Air conditioner

Lift

Household appliances

Furniture

Garage/parking

Additional details

Property type

Residential Properties

Object type

Flat

Price

1 536 053 $

Characteristics

Private beach

Security system

Air conditioner

Lift

Household appliances

Furniture

Garage/parking

City View

Sea View

FAQ

In Portugal a residence permit is typically issued based on a minimum investment threshold. Applications are reviewed within 30–60 days in Olhão; 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 Olhão 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 (1 536 053 $) 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 Olhão: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).