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Flat 110 м² in Fara, Portugal

381 387 $

3 467 $ /м²

4OTHL
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Area

110 м2

Bedrooms

3

Bathrooms

2

Year of construction

2023

Three room apartment with renovation in the center of Portimão, Portugal

Apartments under construction with delivery date in 2023. Close to the center of Portimão, close to schools, services, municipal market and medical center. Easy access in any direction.

The apartment consists of entrance hall, living/dining room, open plan kitchen with island, balconies and bathroom.

The social area consists of living room and kitchen in open space and balcony. The kitchen is furnished and equipped (induction stove, stainless steel hood, oven, microwave, dishwasher and combination refrigerator).

The private area consists of three bedrooms with fitted closets with balcony, one of them with bathroom.

This apartment has a garage box with a sunny east/west disposition.

In its surroundings there is a huge offer of services such as coffee shops, bakeries, pharmacies, butchers, grocery stores, supermarkets, agencies and public transportation. It is a short distance from the bus stop, the main school 2.º/3.º Cycles José Buísel and the high school Manuel Teixeira Gomes.

The nearest attractions are the historic center of Portimão, the House of Manuel Teixeira Gomes, TEMPO (Portimão Municipal Theater), the Portimão Museum and the river area.

Portimão's beaches, golf courses, Portimão marina and Ria de Alvor are all within a 5/10 minute drive.

Portimão is a sea-facing city and Africa is just around the corner. As well as fantastic beaches lapped by the warmest waters of the south coast, you can sample fish and seafood dishes at local restaurants, take a boat ride on the river and sea, or even visit the city's huge heritage buildings.

Portimão was once a port city, but today it is home to the third largest seaport (in terms of passenger numbers), receiving many cruise ships, mainly in summer.

In other words, a superb panorama reminiscent of the perfection of the Greek landscape, beautiful cliffs, warm climate, mountains, sea - more than enough reasons to visit this city.

Portimão is a port city in the Algarve region, in the south of Portugal. It is known for its historic center, lively harbor, and proximity to several beaches. The Portimão Museum is housed in a restored 19th-century cannery building and features exhibits on local history. The Gothic-style church of Nossa Senhora da Conceição is decorated with tiles. To the south is Praia da Rocha, with its ochre-colored cliffs and medieval fortSanta Catarina de Ribamar.

The city is located a few kilometers from Faro Airport. Portimão, Alvor and Mexilhoeira Grande are the three parishes of a municipality of 183 square kilometers with a permanent population of more than 50,000 people.

The most beautiful beaches of Portimão stretch over eight kilometers of fine golden sand, harmonious ochre cliffs, with warm sunshine, blue skies and crystal clear green sea, which create an idyllic setting for your holiday in the Algarve.

Discover the streets and history of Portimão, let yourself be enchanted by the historical and cultural heritage that enriches every moment. Marvel at the legacy of prehistoric civilizations in Alcalar.

Services and facilities

Street window
Furniture
Household appliances
Balcony or terrace
Garage/parking

Additional details

Property type

New Building

Number of rooms

3

Object type

Flat

Price

381 387 $

Land area

110

Condition

New Building

Characteristics

Street window
Furniture
Household appliances
Balcony or terrace
Garage/parking

FAQ

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.
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 Fara 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 (381 387 $) 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 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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