Can foreign nationals take out mortgage loans in Albufeira?

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

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 Albufeira?

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 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 Albufeira, Buy Real Estate from 300,000€

Order by:

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

Villa with 2 annexes

595,000 €

£493,000

Total area 249 m²Land area: 2,420 m²4 bathrooms

Modern apartment with a parking place in Albufeira, Faro, Portugal for 300,000 €

With swimming pool

Modern apartment with a parking place in Albufeira, Faro, Portugal

300,000 €

£248,000

Total area 142 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 133,000 €

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

Residential complex

Big plot with ruin — near Albufeira for 500,000 €

Big plot with ruin — near Albufeira

500,000 €

£415,000

Land area: 27,140 m²

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

2-bedrooms apartment 93 m² in Albufeira, Portugal

1,000,000 €

£829,000

Total area 93 m²2 bedrooms2 bathrooms

New four-room apartment with ocean views in Albufeira, Faro, Portugal for 590,000 €

New four-room apartment with ocean views in Albufeira, Faro, Portugal

590,000 €

£489,000

Total area 193 m²3 bedrooms3 bathrooms

Four-room apartment in a new building, Albufeira, Faro, Portugal for 590,000 €

Four-room apartment in a new building, Albufeira, Faro, Portugal

590,000 €

£489,000

Total area 195 m²3 bedrooms3 bathrooms

Discounted properties upon request

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New four-room apartment in Albufeira, Faro, Portugal for 560,000 €

New four-room apartment in Albufeira, Faro, Portugal

560,000 €

£464,000

Total area 193 m²3 bedrooms3 bathrooms

Two-storey furnished villa near the sea in Albufeira, Portugal for 1,380,000 €

Two-storey furnished villa near the sea in Albufeira, Portugal

1,380,000 €

£1,144,000

Total area 450 m²5 bedrooms7 bathrooms

Four-room new apartment near the ocean in Albufeira, Faro, Portugal for 640,000 €

Four-room new apartment near the ocean in Albufeira, Faro, Portugal

640,000 €

£531,000

Total area 191 m²3 bedrooms3 bathrooms

4-bedrooms villa 1450 m² in Albufeira, Portugal for 1,750,000 €

4-bedrooms villa 1450 m² in Albufeira, Portugal

1,750,000 €

£1,451,000

Total area 1,450 m²Land area: 1,450 m²4 bathrooms

5-bedrooms terraced house 346 m² in Albufeira, Portugal for 650,000 €

5-bedrooms terraced house 346 m² in Albufeira, Portugal

650,000 €

£539,000

Total area 346 m²Land area: 346 m²4 bathrooms

New two-bedroom apartment with a huge terrace, Albufeira, Faro, Portugal for 650,000 €

New two-bedroom apartment with a huge terrace, Albufeira, Faro, Portugal

650,000 €

£539,000

Total area 226 m²2 bedrooms2 bathrooms

Two-bedroom apartment in a new building less than 100 m from the ocean, Albufeira, Faro, Portugal for 680,000 €

Two-bedroom apartment in a new building less than 100 m from the ocean, Albufeira, Faro, Portugal

680,000 €

£564,000

Total area 173 m²2 bedrooms2 bathrooms

Two-bedroom apartment in a new complex near the ocean, Albufeira, Faro, Portugal for 640,000 €

Two-bedroom apartment in a new complex near the ocean, Albufeira, Faro, Portugal

640,000 €

£531,000

Total area 119 m²2 bedrooms2 bathrooms

New four-room apartment with ocean views in Albufeira, Faro, Portugal for 575,000 €

New four-room apartment with ocean views in Albufeira, Faro, Portugal

575,000 €

£477,000

Total area 236 m²3 bedrooms3 bathrooms

Similar facilities nearby

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

From 320,000 €

Built in 2023Total of 74 apartments

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

550,000 €

Total area 105 m²2 bedrooms2 bathrooms

Elite villa with a pool and ocean views, 500 meters from the beach, Praia da Luz, Faro, Portugal

2,350,000 €

Total area 350 m²Land area: 1,013 m²

Apartments with a swimming pool, close to the golf course, Alcantarilla, Portugal

From 285,000 €

Total of 19 apartments

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

From 400,000 €

Built in 2022Total of 12 apartments

Residential complex close to the river, Parshal, Portugal

From 180,000 €

Total of 74 apartments

Townhouse with a swimming pool and a garden, Carvoeiro, Portugal

535,000 €

Sea view

Total area 140 m²2 bedrooms

Villa with a swimming pool and a playground, Castro Marin, Portugal

375,000 €

Total area 100 m²2 bedrooms2 bathrooms

Apartments near the beach, with a guaranteed yield of 7%, Lagos, Portugal

From 169,000 €

Built in 2023Total of 279 apartments

Residential complex with swimming pools, surrounded by hills, Algarve, Portugal

From 280,000 €

Total of 33 apartments

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

1,295,000 €

3 bedrooms3 bathroomsYield 5.0%

Elite villa with a pool with a 5% yield, Algarve, Portugal

4,500,000 €

Total area 486 m²4 bedrooms4 bathrooms

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

From 493,000 €

Built in 2022Total of 65 apartments

Contemporary 3 Bed. Villa Turnkey

1,275,000 €

Total area 380 m²Land area: 1,114 m²4 bathrooms

Fabulous Quinta for sale in large plot with Annex, Boliqueime

950,000 €

Total area 334 m²Land area: 8,000 m²5 bathrooms

Stunning 4-Bedroom Villa with Sea Views in Boliqueime, Algarve

1,295,000 €

Total area 335 m²Land area: 1,550 m²4 bathrooms

Renovated Four Bed. Villa Near Golf Course

770,000 €

Total area 185 m²Land area: 350 m²4 bathrooms

2 Bed. Villa under Renovation

178,000 €

Total area 75 m²Land area: 2,430 m²2 bathrooms

3 Bed Villa for Sale, views of Algarve countryside

675,000 €

Total area 128 m²Land area: 2,400 m²2 bathrooms

4 Bed. Renovated Farmhouse

670,000 €

Total area 161 m²Land area: 1,351 m²4 bathrooms

Building: 3+1 Bed Villa, 2 Commercial Spaces — Loulé/ EN125

1,260,000 €

Total area 310 m²Land area: 2,200 m²6 bathrooms

5 Bed. Renovated Villa

730,000 €

Total area 220 m²Land area: 242 m²3 bathrooms

3 bedroom country house, annexes and workshop

1,100,000 €

Total area 250 m²Land area: 15,715 m²3 bathrooms

3 Bed. Brand New Apartment

390,000 €

Total area 100 m²3 bathrooms

Plot & Approved Project for Contemporary Villa V3

275,000 €

Land area: 1,114 m²

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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
We are glad to have a partnership with Tranio! It offers a vast online property base and the best services.

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