Investment opportunity in the heart of Albufeira. Apartment (1 bedroom) with an area of 57.55 m2 with a balcony and a model of operation, focused on generating income in the tourist market of the Algarve.
The property can generate a guaranteed income of 5% per year or variable income, depending on the chosen model. The owner is also given the opportunity of exclusive use of the apartment throughout the year, combining investment with personal use.
Albufeira combines beaches with golden sand and cliffs (Praia dos Pescadores, Oura, Falésia) with a lively historical center, modern marina and active nightlife factors that ensure a stable tourist demand.
Within minutes are family attractions such as Zoomarine and various water parks, as well as prestigious golf courses, which allows you to extend the tourist season and attract a more solvent audience.
Such a variety of sun and beach, sea and nature, family holidays, golf and night entertainment increases the attractiveness of tourist investment in real estate in the area.
In the apartment:
- Fully equipped bathroom;
- Fully equipped mini-kitchen (ceramic stove, oven, refrigerator);
- A spacious balcony;
- Air conditioning, satellite TV, safe;
- Double windows.
Exclusive infrastructure and services:
- Outdoor pool with barbecue area and indoor heated pool;
- Full Health Club (Gym, Jacuzzi, sauna, Turkish bath);
- 2 tennis courts;
- Several restaurants and bars (Piano Bar, Eva restaurant, Grill, Self-service);
- Game halls, conference and banquet halls;
- Extensive green areas and recreation areas;
- 112 private parking spaces.
Reasonable investment:
Guaranteed income of 5% per year, secured by the legal title of operation is the optimal solution for investors focused on stable profitability in the Algarve tourism market.
Location:
- Praia dos Pescadores: 1.4 km;
- Albufeira Centre: 2.5 km;
- Albufeira Hospital: 3 km;
- Marina Albufeira: 5 km;
- Golf (Pine Cliffs): 8 km;
- Zoomarine: 11 km;
- Aquashow Park: 16 km;
- Faro Airport: 36 km.
Energy consumption class: D
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How can I get a residence permit by buying property in Portugal?
In Portugal a residence permit is typically issued based on a minimum investment threshold. Applications are reviewed within 30–60 days in Lisbon; you will need a passport, proof of funds, and the ownership documents. Hatamatata helps prepare and submit the paperwork.
Is a mortgage available for non-residents in Portugal?
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.
What taxes and fees apply when buying in Portugal?
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.
How is the title checked in Portugal?
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.
Can I rent out property after purchase in Portugal?
Yes. Rental income tax is 5–25% depending on the regime. In Lisbon short-term tourist rentals typically yield 5–8% per year. Municipal permission and income registration are usually required.
Is a property inspection recommended before purchase?
Yes. An inspection costs about 0.5–1% of the price (892 020 $) and covers structure, utilities and legal status. Hatamatata arranges a qualified engineer with an EN/RU report.
How long does the purchase process take in Portugal?
A typical transaction runs 30–90 days, averaging 45 in Lisbon: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).
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