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Flat 88 м² in Lole, Portugal

741 324 $

8 424 $ /м²

4OiSz
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Area

88 м2

Bedrooms

2

Bathrooms

2

Apartment in Faro. City - Lole

Situated on the famous Quartereire Promenade, this fully renovated two-bedroom apartment is located on the first line of the sea, just a few steps from the beach, and offers continuous panoramic views of the Atlantic Ocean.

The property is in excellent condition and combines comfort, functionality and modern design. The apartment has a spacious and bright living room with access to the balcony overlooking the sea, two bedrooms, a fully equipped kitchen, a modern bathroom, new floor coverings and windows with double glazed windows.

For additional convenience, a private parking space in an underground garage and an individual storeroom are especially valuable advantages for such a prestigious and central location.

The area offers an exceptional coastal lifestyle: the beach, restaurants, cafes, shops, municipal market, all necessary services and public transport are within walking distance, allowing you to do without a car.

Whether you are looking for a permanent residence by the sea, a holiday home in the Algarve or an investment with high rental yield potential, this offer is worth your attention.

Attractions/Distances

- Carteira beach 0 m;
- Municipal market of Carteira 300 m;
- Casino Vilamura 3.2 km;
- Marina Vilamura 3.6 km;
- Aquashow water park 4.7 km;
- Victoria Golf Course 7.8 km
- Lole 13.0 km;
- Shopping center Fórum Algarve 21.7 km;
- Faro Airport 22.4 km;
- Faro Hospital 22.9 km.

A rare opportunity to purchase a fully renovated apartment on the first line of the sea with private parking, storage and magnificent ocean views in one of the most sought-after areas of the Algarve.

Contact us for more information or arranging your viewing.
Energy consumption class: D
#ref:0535/26

Services and facilities

Balcony or terrace
Private beach
Furniture
Household appliances

Additional details

Property type

Residential Properties

Object type

Flat

Price

741 324 $

Characteristics

Balcony or terrace
Private beach
Furniture
Household appliances
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 Lole; 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 Lole 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 (741 324 $) 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 Lole: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).

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