All photos

Four apartments in the center of Loule, Faro, Portugal

675,000 €
1,956 € /m²
£565,000
£1,637 /m²
  • Total area
    345 m²
  • Bedrooms
    7
  • Bathrooms
    7
Check availability of the property
Send the listing to yourself
Features
  • 3-floor building
  • Balcony or terrace
  • Floor-to-ceiling windows
  • Lots of natural light

This 4 bedroom apartment is for sale in the heart of Loulé, situated right next to the famous market and is in an ideal location to enjoy everything this charming area has to offer without having to drive. This apartment is in a 3 floor building along with two studio apartments and a 1 bedroom apartment which is included in the asking price. The studio apartments are located on the first floor, the 4 bedroom apartment is located on the second floor and the 1 bedroom apartment with a large terrace is on the third floor.

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.

Request details

Advantages

This is a rare and excellent investment opportunity in a very sought after location for long term rentals and is just as popular for holiday rentals. Alternatively the studio apartments could be used as a shop or office.

Location and nearby infrastructure

Located within easy access to a huge variety of restaurants, cafes, bars and all the major supermarkets, schools and medical facilities, you'll never be short of things to do or too far away from anything you would need. Loulé is the largest municipality in Central Algarve.

  • 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 apartments for sale in Portugal.

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

Learn more about this property
Ask the Destination Manager your questions
Learn more
    I confirm that I have read and accept the Privacy Policy and Personal Data Processing Guidelines.
    Inna Shchukina
    Inna Shchukina,
    Senior property selection advisor
    Learn more

    Similar listings

    We select ads that may interest you.

    Enquire about this apartment
    Ask a question
      I confirm that I have read and accept the Privacy Policy and Personal Data Processing Guidelines.
      Ekaterina Maslova
      Ekaterina Maslova,
      Senior Residence and Citizenship Advisor
      Ask a question

      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.

      Not sure what to start with? Send an advice request
      Our expert will contact you to help with selecting real estate.
      Ask a question
        I confirm that I have read and accept the Privacy Policy and Personal Data Processing Guidelines.
        Marina Filichkina,
        Head of Sales
        Send a request