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.

458 Apartments for Sale in Algarve, Buy Flat from 314,000€

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New residence with swimming pools, a lounge area and a spa center, Parchal, Portugal for From 320,000 €

New residence with swimming pools, a lounge area and a spa center, Parchal, Portugal

From 320,000 €

From £274,000

Built in 2023Total of 74 apartments

Residential complex

Bright apartment in a new complex with a swimming pool near the ocean, Algarve, Portugal for 550,000 €

Bright apartment in a new complex with a swimming pool near the ocean, Algarve, Portugal

550,000 €

£471,000

Total area 105 m²2 bedrooms2 bathrooms

3% discount on apartments

Investment apartments in The Community at 9% per annum in the heart of the Motor City area, Dubai

From 122,000 €

Completion in: 2025 Yield: 9.0% Apartments in total: 450

Residential complex

Apartments with views of the river and the Atlantic Ocean, Lagos, Portugal for From 400,000 €

Apartments with views of the river and the Atlantic Ocean, Lagos, Portugal

From 400,000 €

From £342,000

Built in 2022Total of 12 apartments

Residential complex

Comfortable apartment with a yield of 5%, Algarve, Portugal for 1,295,000 €

Comfortable apartment with a yield of 5%, Algarve, Portugal

1,295,000 €

£1,109,000

3 bedrooms3 bathroomsYield 5.0%

Buy-to-let apartments with a guaranteed yield of 5%, in a picturesque area, near the beaches, Algarve, Portugal for From 493,000 €

Buy-to-let apartments with a guaranteed yield of 5%, in a picturesque area, near the beaches, Algarve, Portugal

From 493,000 €

From £422,000

Built in 2022Total of 65 apartments

Residential complex

3 Bed. Brand New Apartment

390,000 €

£334,000

Total area 100 m²3 bathrooms

Discounted apartments and new-builds upon request

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

Send a discount enquiry

Ksenia Kolesnikova,

Client manager

We find off-market properties
We organise viewings
We assist in obtaining a mortgage

Modern apartment with sea views with a guaranteed yield of 5%, Algarve, Portugal for 1,000,000 €

Modern apartment with sea views with a guaranteed yield of 5%, Algarve, Portugal

1,000,000 €

£856,000

2 bedrooms2 bathroomsYield 5.0%

One-bedroom apartment with large terraces in a prestigious project, Loulé, Faro, Portugal for 780,000 €

With swimming pool

One-bedroom apartment with large terraces in a prestigious project, Loulé, Faro, Portugal

780,000 €

£668,000

Total area 110 m²1 bedroom1 bathroom

Two-storey new apartment in a first-class complex, Lagos, Faro, Portugal for 850,000 €

Two-storey new apartment in a first-class complex, Lagos, Faro, Portugal

850,000 €

£728,000

Total area 106 m²2 bedrooms2 bathrooms

3 weeks ago

Two-bedroom apartment in a new exclusive complex, Lagos, Faro, Portugal for 575,000 €

Two-bedroom apartment in a new exclusive complex, Lagos, Faro, Portugal

575,000 €

£492,000

Total area 119 m²2 bedrooms2 bathrooms

Excellent two-bedroom apartment in the center of Vilamoura for 735,000 €

Sea view

Excellent two-bedroom apartment in the center of Vilamoura

735,000 €

£629,000

Total area 128 m²2 bedrooms2 bathrooms

Furnished two-bedroom apartment near the beach in Lagos, Faro, Portugal for 420,000 €

With swimming pool

Furnished two-bedroom apartment near the beach in Lagos, Faro, Portugal

420,000 €

£359,000

Total area 114 m²Land area: 114 m²2 bedrooms2 bathrooms

Sunny two-bedroom apartment with panoramic views in Lagos, Faro, Portugal for 410,000 €

With swimming pool

Sunny two-bedroom apartment with panoramic views in Lagos, Faro, Portugal

410,000 €

£351,000

Total area 116 m²2 bedrooms2 bathrooms

Elite apartment with a rooftop terrace, Algarve, Portugal for 1,200,000 €

Elite apartment with a rooftop terrace, Algarve, Portugal

1,200,000 €

£1,027,000

Total area 326 m²3 bedrooms

Apartment with a spacious terrace and ocean views, Algarve, Portugal for 610,000 €

Apartment with a spacious terrace and ocean views, Algarve, Portugal

610,000 €

£522,000

Total area 193 m²3 bedrooms

Luxury 3 bedroom flat in Vilamoura for 1,700,000 €

With swimming pool

Luxury 3 bedroom flat in Vilamoura

1,700,000 €

£1,456,000

Total area 216 m²3 bedrooms3 bathrooms

Luxury 2 bedroom flat in Vilamoura for 1,900,000 €

With swimming pool

Luxury 2 bedroom flat in Vilamoura

1,900,000 €

£1,627,000

Total area 277 m²2 bedrooms2 bathrooms

Luxury 3 bedroom flat in Vilamoura for 2,700,000 €

With swimming pool

Luxury 3 bedroom flat in Vilamoura

2,700,000 €

£2,312,000

Total area 371 m²3 bedrooms3 bathrooms

With swimming pool

Luxury 3 bedroom flat in Vilamoura

2,700,000 €

£2,312,000

Total area 339 m²3 bedrooms3 bathrooms

2-bedrooms apartment 93 m² in Albufeira, Portugal for 1,000,000 €

2-bedrooms apartment 93 m² in Albufeira, Portugal

1,000,000 €

£856,000

Total area 93 m²2 bedrooms2 bathrooms

Two-bedroom apartment near the sea in Lagos, Faro, Portugal for 410,000 €

With swimming pool

Two-bedroom apartment near the sea in Lagos, Faro, Portugal

410,000 €

£351,000

Total area 114 m²2 bedrooms2 bathrooms

Two-bedroom apartment in a new complex near the beach, Lagos, Faro, Portugal for 575,000 €

Two-bedroom apartment in a new complex near the beach, Lagos, Faro, Portugal

575,000 €

£492,000

Total area 145 m²2 bedrooms2 bathrooms

Three-bedroom apartment in a new complex with a swimming pool and a restaurant, Praia do Carvoeiro, Faro, Portugal for 690,000 €

Three-bedroom apartment in a new complex with a swimming pool and a restaurant, Praia do Carvoeiro, Faro, Portugal

690,000 €

£591,000

Total area 195 m²3 bedrooms3 bathrooms

Apartment in a first-class complex near the beach, Lagos, Faro, Portugal for 625,000 €

Apartment in a first-class complex near the beach, Lagos, Faro, Portugal

625,000 €

£535,000

Total area 195 m²3 bedrooms3 bathrooms

Three-bedroom apartment in a new elite complex, Lagos, Faro, Portugal for 1,150,000 €

Three-bedroom apartment in a new elite complex, Lagos, Faro, Portugal

1,150,000 €

£985,000

Total area 229 m²3 bedrooms3 bathrooms

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First and foremost Tranio is a very motivated team of professionals who surely know their job! We are very pleased with their well-coordinated work, timeliness of responses to the questions posed, and willingness to act in case of unusual situations.
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Coldwell Banker
It is with much enthusiasm that I personally recommend Tranio for a professional business collaboration in the ﬁeld of real estate, marketing, acquisition, and ﬁnance. The fundamentals of our business relationship with Tranio were set in 2016. Mundial AG has received the company’s great reputation throughout a number of international business pai’tners and stockholders. Tranio has helped our company to expand its horizons to the global market and has established benchmarks that would extend Mundial AG’s networks. The company has exceptional connections to potential investors and has a proﬁcient team that is capable of forming compound ﬁnancial models that attract ﬁnanciers. The cooperation with Tranio is based on professionalism, effectiveness, and Hypovﬂemsbank scrupulousness. Our experiences with Tranio are encouraging and progressive, which makes them one of our preeminent business paitners.
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Z. Farkas, Mundial AG
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Quality Villas

Apartments for sale in Algarve

Algarve is a wealthy region in Portugal

Algarve attracts golfers from all over Europe

Prices for apartments in Algarve start from €90,000