Property Abroad

Portugal

Faro

Albufeira

Flat

Flat 59 м² in Albufeira, Portugal

289 294 $

4 903 $ /м²

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Flat 59m² in Portugal, Albufeira. Priced at 240000€ rent photo- #1

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Flat 59m² in Portugal, Albufeira. Priced at 240000€ rent photo- #3

Flat 59m² in Portugal, Albufeira. Priced at 240000€ rent photo- #4

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Flat 59m² in Portugal, Albufeira. Priced at 240000€ rent photo- #6

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Flat 59m² in Portugal, Albufeira. Priced at 240000€ rent photo- #8

Flat 59m² in Portugal, Albufeira. Priced at 240000€ rent photo- #9

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Flat 59m² in Portugal, Albufeira. Priced at 240000€ rent photo- #22

Area

59 м²

Bedrooms

Bathrooms

Apartment in Porto. City - Vila Nova di Gaia

The studio in the house under construction is located on the 1st floor of the building.

Solar orientation to the west / east (sun side).

Area of the apartment - 77.38 sq.m

The kitchen will be equipped with built-in furniture and the following Bosch appliances:

- Spirit.
- hood;
- refrigerator.
- dishwasher;
- washing and drying machines.

The property can be sold fully decorated and with furniture.

Location:

-50 m from the Miaraporto car park;
300 m from the Institute of Arts and Image;
-350m from Morro Park;
-550 m from the embankment of Vila Nova de Gaia;
850 m from Santa Marinha Primary School

Completion of construction work is scheduled for the end of April 2023.
Energy consumption class: B-
#ref:0604/21

Services and facilities

Balcony or terrace

Private beach

Air conditioner

Household appliances

Pool

Additional details

Property type

Residential Properties

Object type

Flat

Price

289 294 $

Characteristics

Balcony or terrace

Private beach

Air conditioner

Household appliances

Pool

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 Albufeira; 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 Albufeira 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 (289 294 $) 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 Albufeira: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).