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Villa – Albufeira, Faro, Portugal

515,000 €
£439,000
  • Total area
    595 m²
  • Land area
    595 m²
  • Bathrooms
    2
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    Price per sqm increase 7.28% over 2020*

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    Location with high rental demand

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    Residence permit for the entire investor's family

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    The opportunity to acquire Portuguese citizenship

*According to globalpropertyguide.com

These residence permit conditions are effective until the end of 2021. Close a deal by the end of November to get all necessary paperwork for a residence permit done in time.

Features
  • Total rooms: 2
  • Balcony or terrace
  • Furnished
  • Swimming pool
  • Garden
  • Car parks

A lovely two bedroom villa for sale in Vale de Parra, a town situated close to Albufeira’s city centre and the stunning, golden beaches in both Galé and Salgados. Surrounded by a well kept garden, this villa has a total build size of 125 m² and a plot size of 595 m² which makes it a perfect property for sale in the Algarve if you are looking for somewhere to settle down, a holiday home in the sun or as a way of generating an additional income through short term rentals. Comprising an open plan living room, dining area and kitchen that is bright, modern and beautifully furnished, this space is great to enjoy delicious home cooked meals, a cosy evening in front of the fireplace or somewhere to entertain friends and family year round. The kitchen comes fully equipped with all the necessary appliances and even has a breakfast bar/island separating the space from the dining area. This is a great feature because while you are whipping up a delight you can still socialise with others since it is an open layout. There are two bedrooms with the master bedroom having its own en-suite bathroom and walk-in dressing area. A second bathroom is available for guests coming over to visit for the day and comes with a large bathtub. Features with this property include underfloor heating, double glazed windows, shutters, mosquito nets and solar panels. Outside there is a large, saltwater swimming pool which can be heated during the cooler winter months. The pool is covered and creates a warm atmosphere similar to an indoor pool. Furthermore, the grounds surrounding this villa has a well kept garden including fruit trees such as loquats, pears, oranges, grapes and lemons. If you are looking for somewhere to enjoy the views, why not head on up to one of the two rooftop terraces. Here you can relax peacefully while soaking up Portugal’s sunshine, read a book, savour a mouthwatering piece of fruit and more! Situated very close to both Gale and Salgados beach, this property in Albufeira is a great investment if you are wanting to capitalize on Portugal’s tourism industry by using it as a holiday rental villa during the summer. In addition to this, it could also be your holiday home in the sun for whenever a much needed break arises. Many foreign investors are buying property in the Algarve to use as their second home due to the excellent weather, friendly locals and the abundance of golden beaches! Guia shopping centre is just ten minutes away and here you can find a major supermarket — Continente — along with a cinema, variety of clothes and accessory shops as well as pharmacies, opticians and more. Zoomarine in Albufeira is nearby and provides a great attraction if you have children, there is also an adventure park in Olhos de Agua where you can spend a fun day outdoors with the family. Attracting thousands of visitors every year, Albufeira is a popular destination for many wanting to holiday in the Algarve ensuring this apartm

Extra opportunities

The investor obtains a Portuguese residence permit by purchase of real estate worth at least €500,000. Our team at Tranio will help to make a deal remotely, collect a set of documents, and make an application.

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      How to buy property with Tranio

      Enquiry

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      Viewing tour

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      Transaction closure

      Having chosen the best property, you will sign the sales or investment agreement (for development).

      FAQs

      • Can I get a mortgage abroad?

        It depends on the country. For example, German banks willingly offer mortgages to foreigners at 1.5-2 % per annum with LTV up to 70%. Spain offers less favourable terms: the minimum rate for foreigners is 2.5% per annum. The situation is different in Greece: although the law does not prohibit banks from issuing loans, in practice, Greek banks don’t issue loans to local nor foreign property buyers. You can learn about the mortgage terms in your preferred country by contacting Tranio’s local agents.

      • How does the purchase procedure work?

        The purchase procedure depends on the country where you buy property. Generally, after choosing a property you need to sign a preliminary agreement with the seller and carry out a due diligence of the property by checking the relevant documents and the property's technical condition. After that, all parties sign the sales agreement and the notary registers the transaction. As a rule, the purchase registration costs amount to approximately 10% of the property price.

      • Can a residence permit be obtained by buying property?

        In some countries it is possible. Residence-for-property purchase programmes are known as Golden Visas programmes. Greece, Spain, Latvia, and Portugal offer the most popular Golden Visas in Europe. The Greek residence permit is the cheapest and can be obtained by buying a property worth at least €250,000, while organising all of the documents costs about €19,000. Certain countries offer citizenship to property buyers — for example, an investor can get their hands on a Cypriot passport by buying a property worth at least €2M.

      • How does Tranio make money if your service is free for the clients?

        We share the commission, which the buyer or the seller (depending on the country) pays to our partners — foreign real estate agencies. The price of this service is the same as if you contacted the agency directly — this is an important condition and applies to all of our partnership agreements.

      • Who guarantees the transaction security?

        The transaction security is guaranteed by the notary who draws up the sales agreement and checks the information on the previous and current owners of the property, any outstanding restrictions, mortgage, and third-party encumbrances. Tranio is not responsible for the parties involved in the transaction.

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