Property for sale in Faro

In total 935 listings

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Faro, Portugal

Faro, Portugal ×

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74k – 12.9M

Price

€ $ ₽ £

Type of property

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Houses, villas, cottages
Terraced houses
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Apartments
Buy-to-let apartments
New homes
Penthouses

Houses, villas, cottages
Castles
Chalets

Terraced houses
Islands
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Commercial

Lagos

185 listings

Vila do Bispo

17 listings

Vilamoura

26 listings

Portimao

56 listings

Tavira

43 listings

Albufeira

93 listings

Quarteira

39 listings

All Faro

935 listings

Property for sale in Faro (city)

4 listings of 315Show all

315 listingsShow all

1,295,000 € Comfortable apartment with a yield of 5%, Algarve, Portugal
3 bedrooms3 bathrooms
4,500,000 € Elite villa with a pool with a 5% yield, Algarve, Portugal
Total area 486 m²4 bedrooms
1,650,000 € Spacious townhouse with a yield of 5%, Algarve, Portugal
Total area 235 m²4 bedrooms
811,000 € New apartment with a balcony in a residence with swimming pools and a spa, Loulé, Portugal
Total area 126 m²2 bedrooms
1,000,000 € Modern apartment with sea views with a guaranteed yield of 5%, Algarve, Portugal
2 bedrooms2 bathrooms
2,600,000 € Villa – Faro (city), Faro, Portugal
Total area 372 m²Land area: 1,490 m²

Apartments for sale in Albufeira

4 listings of 53Show all

53 listingsShow all

415,000 € Two-bedroom apartment in a new complex near the ocean in Albufeira, Faro, Portugal
Total area 118 m²2 bedrooms
575,000 € New four-room apartment with ocean views in Albufeira, Faro, Portugal
Total area 236 m²3 bedrooms
250,000 € Furnished apartment in a residence with a garden and a swimming pool, Albufeira, Portugal
Total area 93 m²2 bedrooms
590,000 € Apartment – Albufeira, Faro, Portugal
Total area 195 m²Land area: 195 m²
422,000 € Apartment – Albufeira, Faro, Portugal
Total area 126 m²Land area: 126 m²
620,000 € Apartment – Albufeira, Faro, Portugal
Total area 191 m²Land area: 191 m²

Houses for sale in Albufeira

4 listings of 19Show all

19 listingsShow all

625,000 € New villa with a swimming pool and a garage in a quiet area, Albufeira, Portugal
Total area 251 m²4 bedrooms
3,500,000 € Luxury villa with a swimming pool, a garden and lounge areas, Galé, Portugal
Land area: 8,860 m²4 bedrooms
1,375,000 € Villa – Olhos de Água, Faro, Portugal
Total area 220 m²Land area: 226 m²
1,380,000 € Two-storey furnished villa near the sea in Albufeira, Portugal
Total area 450 m²5 bedrooms
470,000 € Villa – Albufeira, Faro, Portugal
Total area 552 m²Land area: 552 m²
1,300,000 € Villa – Albufeira, Faro, Portugal
Total area 688 m²Land area: 688 m²

Apartments for sale in Faro

4 listings of 617Show all

617 listingsShow all

255,000 € Two-bedroom apartment with a picturesque view in a new residence with a garden, Tavira, Portugal
Total area 153 m²2 bedrooms
415,000 € Two-bedroom apartment in a new complex near the ocean in Albufeira, Faro, Portugal
Total area 118 m²2 bedrooms
1,295,000 € Comfortable apartment with a yield of 5%, Algarve, Portugal
3 bedrooms3 bathrooms
570,000 € New apartment with a garden and a swimming pool, Loulé, Faro, Portugal
Total area 107 m²Land area: 46 m²
575,000 € New four-room apartment with ocean views in Albufeira, Faro, Portugal
Total area 236 m²3 bedrooms
680,000 € New apartment with a terrace, Loulé, Portugal
Total area 146 m²2 bedrooms

Apartments for sale in Portimao

4 listings of 26Show all

26 listingsShow all

275,000 €
With swimming pool
Apartment – Portimao, Faro, Portugal
Total area 86 m²Land area: 86 m²
300,000 €
Furnished
Apartment – Portimao, Faro, Portugal
Total area 87 m²3 bedrooms
1,700,000 € Apartment – Portimao, Faro, Portugal
Total area 150,000 m²Land area: 150,000 m²
310,000 € Modern apartment with a terrace and a sea view in a house with a parking and a pool, Portimão, Portugal
Total area 109 m²Land area: 109 m²
290,000 € Modern apartment with a terrace and a sea view in a house with a parking and a pool, Portimão, Portugal
Total area 109 m²2 bedrooms
320,000 € Modern apartment with a terrace and a sea view in a house with a parking and a pool, Portimão, Portugal
Total area 144 m²3 bedrooms

Houses for sale in Faro

4 listings of 178Show all

178 listingsShow all

4,500,000 € Elite villa with a pool with a 5% yield, Algarve, Portugal
Total area 486 m²4 bedrooms
2,300,000 € New villa with a pool and sea views in Lagos, Faro, Portugal
Land area: 731 m²5 bedrooms
625,000 € New villa with a swimming pool and a garage in a quiet area, Albufeira, Portugal
Total area 251 m²4 bedrooms
1,250,000 € New villa with a swimming pool near golf courses and beaches, Almancil, Portugal
Total area 521 m²3 bedrooms
3,500,000 € Luxury villa with a swimming pool, a garden and lounge areas, Galé, Portugal
Land area: 8,860 m²4 bedrooms
1,995,000 € Three-level villa with a garden and a pool in Almancil, Faro, Portugal
Total area 550 m²Land area: 1,000 m²

Apartments for sale in Lagos

4 listings of 145Show all

145 listingsShow all

725,000 € Two-storey new apartment in a first-class complex, Lagos, Faro, Portugal
Total area 149 m²3 bedrooms
575,000 € Two-bedroom apartment in a new exclusive complex, Lagos, Faro, Portugal
Total area 119 m²2 bedrooms
410,000 € New one-bedroom apartment in an elite complex, Lagos, Faro, Portugal
Total area 73 m²1 bedroom
260,000 € Two-bedroom buy-to-let apartment with a guaranteed yield of 4% in Lagos, Faro, Portugal
Total area 101 m²2 bedrooms
450,000 € Duplex apartment in an elite complex, Lagos, Faro, Portugal
Total area 456 m²3 bedrooms
285,000 €
With swimming pool
Modern apartment with a balcony and a parking in a residential complex with a swimming pool, Lagos, Portugal
Total area 124 m²3 bedrooms

Houses for sale in Lagos

4 listings of 24Show all

24 listingsShow all

2,300,000 € New villa with a pool and sea views in Lagos, Faro, Portugal
Land area: 731 m²5 bedrooms
2,495,000 € Three-storey villa overlooking the bay and the city of Lagos, Faro, Portugal
Land area: 2,163 m²6 bedrooms
1,250,000 € Two-storey villa with a pool and a garden in Lagos, Faro, Portugal
Land area: 2,500 m²5 bedrooms
1,000,000 € Villa – Lagos, Faro, Portugal
Total area 525 m²Land area: 525 m²
650,000 € Villa – Lagos, Faro, Portugal
Total area 1,050 m²Land area: 1,050 m²
2,750,000 € Villa – Lagos, Faro, Portugal
Total area 2,346 m²Land area: 2,346 m²

FAQ about Faro

Can foreign nationals take out mortgage loans in Faro?

Yes, non-residents can be issued a mortgage loan to buy property in Faro. 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 Faro?

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 Faro?

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.