389 445 $
Oeirash, Portugal
This plot for sale in El Rosario, East Marbella is a unique opportunity for those who dream of building their own home on the Mediterranean coast. The plot has an area of...
Description
Land in the Algarve. Town - Faro
Site with sea view and approved architectural project
A great opportunity to invest or build your future home on an urban plot with an architectural project approved by Faro City Council. The plot is located in an elevated and calm area, with pleasant sea views and excellent sun exposure.
The privileged location provides an open, bright environment with a sense of spaciousness, ideal for those who value privacy, tranquility and a high quality of life.
About 10 km from the center of Faro, with quick access to shops, services, schools and all necessary amenities for everyday life.
The proximity to the coast is another important advantage only about 10 km to Faro Beach, located in the picturesque natural park of Ria Formosa.
Having an already approved architectural design is a significant advantage, allowing the future buyer to act with greater confidence and reduce the time usually associated with the initial planning stage of the project.
Key features:
- Urban plot with an architectural project approved by the Faro City Council;
- Sea view, in an elevated and calm zone;
- The site is oriented to the south;
- Good transport accessibility and proximity to services and key facilities;
- Excellent value growth potential, ideal for your own home or investment.
Reference distances:
1.3 km to the A22 motorway;
1.6 km to MAR Shopping Algarve
- 5.1 km to Lule Hospital;
- 10 km to the centre of Faro;
- 10 km to Faro Beach;
10.7 km to Nobel Algarve British International School
- 7.5 km to Faro International Airport;
- 18 km to Quinta do Lago (golf, beaches and Ria Formosa);
- 19.6 km to Marina Vilamoura.
This site represents a unique opportunity for those looking for an investment or looking to build their dream home in the Algarve.
Energy consumption class: Seized
#ref:0240/26
Characteristics
- Property type
- Land
- Object type
- Land
- Price
- 389 445 $
- Land area
- 600 m²
Services and facilities
- Private beach
Window view
- Sea View
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 Fara; 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 Fara 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 (389 445 $) 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 Fara: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).
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