Can foreign nationals take out mortgage loans in Algarve?

Yes, non-residents can be issued a mortgage loan to buy property in Algarve. Special terms of mortgage lending for non-residents — the loan term up to 75 years of age for the eldest borrower and a down payment of 40–50%. The mortgage rate is a floating one, of 3% for residential properties and 5% for the commercial ones.

How does the property purchasing process take place in Algarve?

Before the purchase, it is necessary to hire a lawyer who would help you get the paperwork done. Having chosen the property, you need to open a local bank account and receive a tax identification number. First, a preliminary sales agreement is signed, a deposit equalling to 10–30% of the property value is placed, and the municipal taxes are paid. The deposit is non-refundable if the buyer decides not to purchase. All agreements ought to be notarised. Between signing the preliminary and main sales agreements, the lawyer completes the property Due Diligence and checks the availability of all the documents for the property. When signing the main agreement, the remaining transaction amount is paid, after which the property can be registered with the land registry office and a title deed can be obtained.

What property taxes are there in Portugal?

Property buyers pay a stamp duty (Imposto do Selo, IS) — 0,8% and a title deed transfer tax (Imposto Municipal sobre Transmissões, IMT) — 6,0 – 6,5%. After the purchase, an annual real estate tax (Imposto Municipal sobre os Imóveis, IMI) ranging from 0.3 to 0.8% across property types and municipalities, has to be paid. These three taxes — are everything that is paid by property owners. When selling real estate, non-resident owners pay the capital gain tax, chargeable from the difference between the purchase price and the sales price at a rate of 28%. The inheritance and gift taxes are not levied from spouses, children, parents and grandchildren, the other categories pay them at a rate of 10% (which is considered low).

How expensive are the utilities in Algarve?

The utility costs vary across locations. For example, an average bill for an 50–60 m² apartment totals about € 100-130 per month.

Can Portuguese residency be obtained through buying real estate?

Yes, there is a residency by investment or Golden Visa programme in Portugal. Those buying newly or relatively recently built properties for at least € 500,000 and properties built over 30 years ago for at least € 350,000 become eligible for residency.

How can a property buyer obtain Portuguese citizenship?

It is possible to apply for permanent residency after five years of residence in the country. After six years of residence it is possible to apply for citizenship. But these procedures are not interrelated. Holding a temporary residence or permanent residence permit does not lead to obtaining citizenship. Only following the rules of stay in the country (over 183 days per year for six years) can give hope for obtaining Portuguese citizenship.

Can foreign nationals lease real estate in Portugal?

Yes, of course. The owner's right to administer their property is not limited in any way.

What types of Portuguese property are better to invest in for rental purposes?

The most suitable for rental purposes are the flats and apartments located in the resort areas, such as the Algarve, Faro, Lagos, on the entire southern coast and the capital of the country, Lisbon.

Why do I need to own real estate in Portugal?

The Portuguese property market is one of the European real estate markets that have been growing most actively over the past few years. Therefore, real estate investments are very profitable in the country.

Property for sale in Algarve: 669 offers of apartments and houses for sale in Algarve

Order by:

price low to highlow to highprice high to lowhigh to lownewest firstnew

Three-bedroom villa with a garden and a swimming pool, Faro, Portugal for 825,000 €

Three-bedroom villa with a garden and a swimming pool, Faro, Portugal

825,000 €

Total area 138 m²Land area: 257 m²3 bedrooms2 bathrooms

138 m², 3 bedrooms, villa + plot 257 m²

Faro (city), Faro, Portugal

825,000 €

Villa – Faro (city), Faro, Portugal

2,600,000 €

Total area 372 m²Land area: 1,490 m²4 bedrooms6 bathrooms

372 m², 4 bedrooms, villa + plot 1,490 m²

Faro (city), Faro, Portugal

2,600,000 €

Golden Visa

Two comfortable apartments in one building in the city center with a yield of 5,3%, Agios Nikolaos subway station, Athens, Greece

250,000 €

Total area: 152 m² 5 bedrooms 2 bathrooms

Villa – Faro (city), Faro, Portugal for 3,550,000 €

Villa – Faro (city), Faro, Portugal

3,550,000 €

Total area 695 m²Land area: 2,200 m²5 bedrooms5 bathrooms

695 m², 5 bedrooms, villa + plot 2,200 m²

Faro (city), Faro, Portugal

3,550,000 €

Four-bedroom villa in Santa Barbara de Nexe, Faro, Portugal for 795,000 €

Four-bedroom villa in Santa Barbara de Nexe, Faro, Portugal

795,000 €

Total area 400 m²Land area: 6,360 m²4 bedrooms4 bathrooms

400 m², 4 bedrooms, villa + plot 6,360 m²

Santa Bárbara de Nexe, Faro, Portugal

795,000 €

Villa – Vila do Bispo, Faro, Portugal for 715,000 €

Villa – Vila do Bispo, Faro, Portugal

715,000 €

Total area 128 m²Land area: 194 m²2 bedrooms2 bathrooms

128 m², 2 bedrooms, villa + plot 194 m²

Vila do Bispo, Faro, Portugal

715,000 €

Villa – Vila do Bispo, Faro, Portugal

700,000 €

Total area 129 m²Land area: 176 m²3 bedrooms2 bathrooms

129 m², 3 bedrooms, villa + plot 176 m²

Vila do Bispo, Faro, Portugal

700,000 €

Tailored property selection

Leave a request, and our expert will contact you to clarify your enquiry and select suitable properties.

Submit request

Inna Shchukina,

Senior property selection advisor

Villa – Vila do Bispo, Faro, Portugal for 825,000 €

Villa – Vila do Bispo, Faro, Portugal

825,000 €

Total area 138 m²Land area: 184 m²3 bedrooms2 bathrooms

138 m², 3 bedrooms, villa + plot 184 m²

Vila do Bispo, Faro, Portugal

825,000 €

Villa – Faro (city), Faro, Portugal for 1,995,000 €

Villa – Faro (city), Faro, Portugal

1,995,000 €

Total area 550 m²Land area: 1,000 m²4 bedrooms6 bathrooms

550 m², 4 bedrooms, villa + plot 1,000 m²

Faro (city), Faro, Portugal

1,995,000 €

Villa – Faro (city), Faro, Portugal

3,850,000 €

Total area 492 m²Land area: 2,160 m²4 bedrooms5 bathrooms

492 m², 4 bedrooms, villa + plot 2,160 m²

Faro (city), Faro, Portugal

3,850,000 €

Villa – Faro (city), Faro, Portugal

4,500,000 €

Total area 460 m²Land area: 2,400 m²4 bedrooms5 bathrooms

460 m², 4 bedrooms, villa + plot 2,400 m²

Faro (city), Faro, Portugal

4,500,000 €

Villa – Faro (city), Faro, Portugal

2,095,000 €

Total area 472 m²Land area: 730 m²4 bedrooms4 bathrooms

472 m², 4 bedrooms, villa + plot 730 m²

Faro (city), Faro, Portugal

2,095,000 €

Four-bedroom villa in Faro, Portugal for 2,650,000 €

Four-bedroom villa in Faro, Portugal

2,650,000 €

Total area 333 m²Land area: 1,890 m²4 bedrooms4 bathrooms

333 m², 4 bedrooms, villa + plot 1,890 m²

Faro (city), Faro, Portugal

2,650,000 €

Modern four-bedroom villa with a terrace and a swimming pool, Albufeira, Portugal for 4,500,000 €

Modern four-bedroom villa with a terrace and a swimming pool, Albufeira, Portugal

4,500,000 €

Total area 306 m²Land area: 2,042 m²4 bedrooms4 bathrooms

306 m², 4 bedrooms, villa + plot 2,042 m²

Olhos de Água, Faro, Portugal

4,500,000 €

Furnished one-bedroom apartment in a renovated residence with swimming pools, near the beach, Algarve, Portugal for 450,000 €

Furnished one-bedroom apartment in a renovated residence with swimming pools, near the beach, Algarve, Portugal

450,000 €

Total area 66 m²1 bedroom1 bathroom

66 m², 1 bedroom, new home

Faro (city), Faro, Portugal

1 floor of 4

450,000 € 6,818 € per m²

Furnished apartment with a balcony in a renovated residence with swimming pools and golf courses, near the beach, Algarve, Portugal for 700,000 €

Furnished apartment with a balcony in a renovated residence with swimming pools and golf courses, near the beach, Algarve, Portugal

700,000 €

Total area 134 m²2 bedrooms2 bathrooms

134 m², 2 bedrooms, new home

Faro (city), Faro, Portugal

2 floor of 4

700,000 € 5,223 € per m²

Villa – Albufeira, Faro, Portugal for 935,000 €

Villa – Albufeira, Faro, Portugal

935,000 €

Total area 146 m²Land area: 173 m²2 bedrooms2 bathrooms

146 m², 2 bedrooms, villa + plot 173 m²

Albufeira, Faro, Portugal

935,000 €

Villa – Albufeira, Faro, Portugal

1,650,000 €

Total area 187 m²Land area: 239 m²3 bedrooms4 bathrooms

187 m², 3 bedrooms, villa + plot 239 m²

Albufeira, Faro, Portugal

1,650,000 €

Luxury furnished two-bedroom apartment with a sea view in a gated and renovated residence with golf courses, Algarve, Portugal for 760,000 €

Luxury furnished two-bedroom apartment with a sea view in a gated and renovated residence with golf courses, Algarve, Portugal

760,000 €

Total area 103 m²2 bedrooms2 bathrooms

103 m², 2 bedrooms, new home

Faro (city), Faro, Portugal

3 floor of 4

760,000 € 7,378 € per m²

Two-bedroom furnished apartment in a renovated residence with golf courses, swimming pools and lounge areas, Algarve, Portugal for 1,400,000 €

Two-bedroom furnished apartment in a renovated residence with golf courses, swimming pools and lounge areas, Algarve, Portugal

1,400,000 €

Total area 134 m²2 bedrooms2 bathrooms

134 m², 2 bedrooms, new home

Faro (city), Faro, Portugal

4 floor of 4

1,400,000 € 10,447 € per m²

Exquisite two-bedroom apartment with pool views in Faro, Algarve, Portugal for 495,000 €

Exquisite two-bedroom apartment with pool views in Faro, Algarve, Portugal

495,000 €

Total area 179 m²2 bedrooms2 bathrooms

179 m², 2 bedrooms, apartment

Faro (city), Faro, Portugal

495,000 € 2,765 € per m²

Two-storey furnished villa 100 meters from the sea and port, Faro, Portugal for 1,700,000 €

Two-storey furnished villa 100 meters from the sea and port, Faro, Portugal

1,700,000 €

Total area 350 m²Land area: 440 m²5 bedrooms5 bathrooms

350 m², 5 bedrooms, villa + plot 440 m²

Faro (city), Faro, Portugal

1,700,000 €

Development land – Faro, Portugal

1,700,000 €

Land area: 2,671 m²

2,671 m², development land

Faro, Portugal

1,700,000 €

Development land – Faro, Portugal

680,000 €

Land area: 2,572 m²

2,572 m², development land

Faro, Portugal

680,000 €

Development land – Faro, Portugal

680,000 €

Land area: 2,736 m²

2,736 m², development land

Faro, Portugal

680,000 €

Development land – Faro, Portugal

1,590,000 €

Land area: 2,671 m²

2,671 m², development land

Faro, Portugal

1,590,000 €

1-25 of 669 listings, page 1 of 27

Property for sale in Algarve

Tailored property selection

FAQ about Algarve

Real estate in the Algarve

Property prices in Algarve