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House 264 м² in Vila Nova de Gaia, Portugal

ID 4Ohg5
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Area
264 m²
Bedrooms
5
Bathrooms
4

Description

Apartment in Faro. City - Lagos

This 2-bedroom apartment with a total area of 117.93 m2 is an ideal choice for those looking for a new, exquisite property, thought out to the smallest detail, in one of the most prestigious areas of Lagos. Thanks to the spacious terrace, this apartment provides the perfect combination of interior and exterior space, creating excellent conditions for relaxation, outdoor dinners or just to enjoy the privileged climate of the Algarve with complete comfort and privacy. Located just 5 minutes from the magnificent beach of Porto de Mos, this apartment has a privileged location where proximity to the sea is combined with the convenience of urban infrastructure, services, shops and recreation areas. Real estate details: 2 bedrooms, one of them with its own bathroom; - A terrace of 26.95 m2; - A fully equipped kitchen; - Large general outdoor pool; - The gym; - 1 private covered parking space. Finishing and equipment: - Air conditioning; - Warm floor; - Electric blinds; - The solar system; - The smart home system; - High-quality materials and excellent heat and sound insulation; - Fiber-optic Internet. Location: - 450 m to Lagos hospital; - 500 m to schools; - 1 km to supermarkets; - 1.4 km to Lagos Medical Center; - 1.8 km to the beach of Porto de Moche; 1.9 km to the historic centre of Lagos; 7.2 km to the A22 motorway; - 88 km to Faro International Airport. This apartment is an excellent opportunity to purchase a new building of high quality in one of the most popular and promising areas of the Algarve. Estimated completion date: December 2028. Energy consumption class: A #ref:0192/26

Characteristics

Property type
Residential Properties
Object type
House
Price
3 346 705 $
Land area
12282 m²

Services and facilities

  • Air conditioner
  • Garage/parking
  • Garden
  • Pool

FAQ

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 Vila Nova de Gaia; 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 Vila Nova de Gaia 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 (3 346 705 $) 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 Vila Nova de Gaia: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).

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