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Apartment – Albufeira, Faro, Portugal

395,000 €
3,291 € /m²
£339,000
£2,825 /m²
  • Total area
    120 m²
  • Land area
    120 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

Features
  • Total rooms: 2
  • Balcony or terrace
  • Garden

A brand new two bedroom apartment for sale in Albufeira, situated with a contemporary condominium within walking distance to one of the Algarve’s stunning beaches — Praia dos Alemaes. Named “Beach Garden Albufeira” this condominium offers a total of eighteen apartments comprising two or three bedrooms. If you purchase a south/west apartment you will be able to enjoy views of the Atlantic Ocean from the comfort of your own balcony otherwise you can head on up to the roof terrace and relish in a stunning sunrise/sunset. Each unit will be equipped with high quality fixtures and fittings along with its own private parking. A lift is available to take either yourself or your guests — if you purchase as a rental investment — making this extremely wheelchair accessible. Within a short walking distance there is an array of restaurants, mini-markets, a cafe and even beach bars. In addition to this, you can find yourself within Albufeira's city centre in under approximately five minutes where there are large supermarkets such as Aldi, Lidl, Continente etc. and an abundance of different types of cuisine, places to go and places to see. Overall, these apartments for sale in Albufeira will make a fantastic purchase no matter why you are looking to buy, however, we imagine they will benefit lucratively from being used as a short term/holiday rental property in the Algarve. As Albufeira is in the Central Algarve it attracts thousands of visitors every year and it's easy to understand why! From the old town with its pretty cobbled streets lined with restaurants, bars, cafes and shops to the lively nightlife in São João or the marina with its sugar candy coloured apartments, you will never be short of things to do. Let’s not also forget the stunning golden beaches which are all the more reason why Albufeira is perfect for families, couples and singles of all ages. It is central for all the tourist attractions with the added bonus of a short transfer from Faro airport! Mortgage simulation: Term/ Period — 30 years/,360 months Purchase Price — 395,000€ Deposit/ Down Payment — 79,000€ (20%) Finance Amount — 316,000€ Interest Rate — 0.873% Monthly Payment — 998.05 € Mortgage simulation: Term/ Period — 40 years/,480 months Purchase Price — 395,000€ Deposit/ Down Payment — 79,000€ (20%) Finance Amount — 316,000€ Interest Rate — 0.873% Monthly Payment — 780.19 € Rental Simulation Season and rate per week Spring (01 April — 31 May) — € 1,200 Early Summer (01 – 30 June) — € 1,800 Summer (01 July — 15 September) — € 2,200 Late Summer (15 – 30 September) — € 1,800 Autumn (01 – 31 October) — € 1,200

  • Property on the map
    Location right down to the building, street or city
  • Other properties
    Other offers nearby

More properties

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

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

Get a residence permit in Portugal with property purchase from 500,000 EUR.

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      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.

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      • 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.

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      • 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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