Two-bedroom apartment in a new complex near the ocean in Albufeira, Faro, Portugal

415,000 €

3,516 € /m²

£355,000

£3,008 /m²

Total area
118 m²
Bedrooms
2
Bathrooms
2

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Price per sqm increase 7.28% over 2020*
Location with high rental demand
Residence permit for the entire investor's family
The opportunity to acquire Portuguese citizenship

*According to globalpropertyguide.com

Features

Total rooms: 3
4-floor building
Built in 2020
Balcony or terrace
Swimming pool
Garden
Car parks
Sea view

The complex consists of 36 apartments with 2 and 3 bedrooms and ocean views from the upper floors. All apartments have wide balconies and parking spaces, apartments on the ground floor have spacious terraces for relaxation. The top floor apartments have a jacuzzi, a barbecue area and a solarium.

Each building has a rooftop swimming pool, relaxation and sunbathing area, and an outdoor gym. Between the buildings there is a landscaped garden with aromatic herbs and perennial trees.

Interior

All apartments have 2 or 3 bedrooms, a spacious living/dining room with a kitchen, multiple bathrooms, a large balcony or terrace.

Equipment

Installed video intercoms and a video surveillance system, security doors, electric shutters, reversible air conditioning, double-glazed windows, wooden floors in the living room and bedrooms, ceramic tiles in the kitchen and bathrooms, kitchens are fully equipped with A class Bosch appliances.

Advantages

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.

Location and nearby infrastructure

The project is located in the center of the Algarve, almost equidistant from Sagres and Vila Real de Santo António. The complex is within walking distance of Albufeira's vibrant center and beaches, shops, public transport, cultural, educational and leisure facilities. Within a 5-minute walk you can reach the historic center, tourist attractions and a shopping center.

Property on the map

Location right down to the building, street or city

More properties

If this property wasn’t for you, take a look at other new homes for sale in Portugal.

You can see more new homes for sale in Albufeira elsewhere on our website.

How to buy property with Tranio

Enquiry

Send us an enquiry with an approximate description of the property or investment project you’re interested in.

Meeting the partners

After clarifying your enquiry, we will introduce you to our partners and/or local agents.

Offer selection

We will help you to select suitable options. Tranio does not charge a commission for this — the property price remains the same as if you contacted our partner directly.

Viewing tour

You then view the property or properties you have chosen. Our partners or agents from Tranio's European offices will meet you in situ.

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.