Property Abroad

Portugal

Faro

Olhão

Flat

Flat 109 м² in Olhão, Portugal

471 111 $

4 322 $ /м²

4Ohit

Flat 109m² in Portugal, Olhão. Priced at 401780€ rent photo- #1

Flat 109m² in Portugal, Olhão. Priced at 401780€ rent photo- #2

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Flat 109m² in Portugal, Olhão. Priced at 401780€ rent photo- #4

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Flat 109m² in Portugal, Olhão. Priced at 401780€ rent photo- #6

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Area

109 м²

Bedrooms

Bathrooms

Apartment in Faro. City - Oljan

This fantastic T3 offers a total area of 109 m2, including two balconies with a total area of 23 m2 and 1 parking space.

With its generous space, this facility consists of:
- 1 bedroom with bathroom;
2 bedrooms with built-in wardrobes;
- 1 hallway;
1 open type kitchen, fully equipped;
- 1 pantry;
- 2 modern bathrooms;
- 1 parking space;
- shared pool.

On the territory of the complex, residents can enjoy a swimming pool surrounded by beautiful gardens, ideal for outdoor activities and sports. The spacious balconies offer a privileged view of Ria Formosa, which is ideal for relaxation.

Location:
- 230 m to the supermarket;
- 750 m to the pharmacy;
- 850 m to the restaurant;
- 1 km to the hospital;
1.3 km to the railway station;
- 1.5 km to the bus station;
- 2.5 km to Ollau marina;
- 16 km to Faro Airport.

In addition, Olyan offers a unique experience of relaxation and peace with its bars, cafes and restaurants with cozy terraces where you can enjoy a fantastic sunrise and sunset over the island.

This is an excellent investment opportunity for both permanent residence and rental.

Contact us today to learn more.
Energy consumption class: A
#ref:0803/24

Services and facilities

Private beach

Pool

Additional details

Property type

Residential Properties

Object type

Flat

Price

471 111 $

Characteristics

Private beach

Pool

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 (471 111 $) 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).