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415,000 €
£355,000
Total area 118 m²2 bedrooms2 bathrooms
1,295,000 €
£1,109,000
3 bedrooms3 bathroomsYield 5.0%
The Community — investment apartments by Aqua Properties with 9,5% yield per annum in the center of the developing area of Motor City, Dubai

90 m long swimming pool!

Residential complex
750,000 €
£642,000
Total area 107 m²Land area: 46 m²1 bedroom
575,000 €
£492,000
Total area 236 m²3 bedrooms3 bathrooms
From 493,000 €
From £422,000
Built in 2022Total of 65 apartments
Residential complex
320,000 €
£274,000
Total area 100 m²3 bathrooms
Discounted apartments and new-builds upon request

Send us an enquiry, we will find advantageous offers for you

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Ksenia Kolesnikova
Ksenia Kolesnikova,
Client manager
  • We find off-market properties We find off-market properties
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1,000,000 €
£856,000
2 bedrooms2 bathroomsYield 5.0%
304,000 €
£261,000
Total area 164 m²3 bathrooms

With swimming pool

780,000 €
£668,000
Total area 110 m²1 bedroom1 bathroom
725,000 €
£621,000
Total area 149 m²3 bedrooms3 bathrooms
575,000 €
£492,000
Total area 119 m²2 bedrooms2 bathrooms
220,000 €
£188,000
Total area 81 m²1 bedroomYield 4.0%
From 320,000 €
From £274,000
Completion in: 2023.IITotal of 74 apartments
Residential complex
879,000 €
£752,000
Total area 321 m²3 bedrooms4 bathrooms
260,000 €
£223,000
Total area 101 m²2 bedrooms2 bathroomsYield 4.0%
550,000 €
£471,000
Total area 105 m²2 bedrooms2 bathrooms

With swimming pool

300,000 €
£256,000
Total area 142 m²2 bedrooms2 bathrooms

With swimming pool

420,000 €
£359,000
Total area 114 m²Land area: 114 m²2 bedrooms2 bathrooms
1,200,000 €
£1,027,000
Total area 326 m²3 bedrooms
610,000 €
£522,000
Total area 193 m²3 bedrooms

With swimming pool

410,000 €
£351,000
Total area 116 m²2 bedrooms2 bathrooms

With swimming pool

410,000 €
£351,000
Total area 114 m²2 bedrooms2 bathrooms
1,000,000 €
£856,000
Total area 93 m²2 bedrooms2 bathrooms
695,000 €
£595,000
Total area 190 m²3 bedrooms3 bathrooms
795,000 €
£681,000
Total area 198 m²3 bedrooms3 bathrooms
1-25 of 381 listings, page 1 of 16

Algarve is a wealthy region in Portugal

Algarve is a southern region of Portugal, situated on an Atlantic shore. It is also one of the wealthiest areas in the country, making the most money from tourism. In 2019 Algarve won the World Travel Award as Europe's leading beach destination.

Algarve's economy began to grow in 2015 after vast investments in infrastructure development. The renovation of the highway that connects Algarve to Lisbon and Porto, Portugal's biggest cities, played a crucial role in the economic recovery of the region, as Knight Frank reports. Repair of roads in Algarve itself and the expansion of the international airport in Faro also benefited Algarve's economy.

Algarve attracts golfers from all over Europe

After the renovation, foreign investors started to consider buying apartments in Algarve because of the long holiday season that lasts almost a whole year. Tourists rent apartments in Algarve for a couple of days to play golf because the region is famous for its golf courses. Hence apartments for sale and rent in Algarve are usually in high demand. Those who want to make profit from their foreign houses, buy apartments in Algarve and rent them out during the months they do not live there themselves.

Prices for apartments in Algarve start from €90,000

One can find plenty of options for flats and apartments for sale in Algarve. Prices depend on location and size of the property. However, even inexpensive flats in Algarve offer a high level of comfort. Often there is a swimming pool on the territory of residential complexes in Algarve. Besides, it is a coastal region so one can easily access the beach from every apartment in Algarve – either by foot or by car. Additionally, flats in Algarve often include a terrace or a balcony. One-bedroom apartments for sale in Algarve start at €90,000; two-bedroom apartments cost at least €125,000.

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      FAQ about Algarve
      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 purchasing process take place when buying an apartment 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.
      How can an apartment 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 apartments 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 an apartment 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.
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