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 purchasing process take place when buying an apartment 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 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.

12 Apartments for Sale in Albufeira, Buy Flat from 300,000€

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Two-bedroom apartment in a new complex near the ocean in Albufeira, Faro, Portugal for 415,000 €

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

415,000 €

£355,000

Total area 118 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 €

£492,000

Total area 236 m²3 bedrooms3 bathrooms

90 m long swimming pool!

The Community — investment apartments by Aqua Properties with 9,5% yield per annum in the center of the developing area of Motor City, Dubai

From 131,000 €

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

Residential complex

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 €

£256,000

Total area 142 m²2 bedrooms2 bathrooms

Apartment – Albufeira, Faro, Portugal for 1,000,000 €

Apartment – Albufeira, Faro, Portugal

1,000,000 €

£856,000

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 €

£505,000

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 €

£505,000

Total area 195 m²3 bedrooms3 bathrooms

Discounted apartments and new-builds upon request

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

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Client manager

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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 €

£479,000

Total area 193 m²3 bedrooms3 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 €

£548,000

Total area 191 m²3 bedrooms3 bathrooms

Four-room apartment in a new complex with a swimming pool, Albufeira, Faro, Portugal for 560,000 €

Four-room apartment in a new complex with a swimming pool, Albufeira, Faro, Portugal

560,000 €

£479,000

Total area 195 m²3 bedrooms3 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 €

£556,000

Total area 226 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 €

£548,000

Total area 119 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 €

£582,000

Total area 173 m²2 bedrooms2 bathrooms

Similar facilities nearby

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

1,295,000 €

3 bedrooms3 bathroomsYield 5.0%

New apartment with a garden and a swimming pool, Loulé, Faro, Portugal

750,000 €

Total area 107 m²Land area: 46 m²1 bedroom

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

3 Bed. Brand New Apartment

320,000 €

Total area 100 m²3 bathrooms

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

1,000,000 €

2 bedrooms2 bathroomsYield 5.0%

3 Bed Apartment Under Construction

304,000 €

Total area 164 m²3 bathrooms

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

780,000 €

With swimming pool

Total area 110 m²1 bedroom1 bathroom

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

725,000 €

Total area 149 m²3 bedrooms3 bathrooms

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

575,000 €

Total area 119 m²2 bedrooms2 bathrooms

Tourist apartments with a yield of 4% in a new apart-hotel, Algarve, Portugal

220,000 €

Total area 81 m²1 bedroomYield 4.0%

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

From 320,000 €

Completion in: 2023.IITotal of 74 apartments

Furnished penthouse with terraces, a sauna and panoramic views in Lagos, Faro, Portugal

879,000 €

Total area 321 m²3 bedrooms4 bathrooms

Two-bedroom buy-to-let apartment with a guaranteed yield of 4% in Lagos, Faro, Portugal

260,000 €

Total area 101 m²2 bedrooms2 bathroomsYield 4.0%

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

550,000 €

Total area 105 m²2 bedrooms2 bathrooms

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

420,000 €

With swimming pool

Total area 114 m²Land area: 114 m²2 bedrooms2 bathrooms

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

410,000 €

With swimming pool

Total area 116 m²2 bedrooms2 bathrooms

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

610,000 €

Total area 193 m²3 bedrooms

Elite apartment with a rooftop terrace, Algarve, Portugal

1,200,000 €

Total area 326 m²3 bedrooms

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

410,000 €

With swimming pool

Total area 114 m²2 bedrooms2 bathrooms

Four-room apartment in a complex with a swimming pool and a parking, Lagos, Faro, Portugal

695,000 €

Total area 189 m²3 bedrooms3 bathrooms

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

575,000 €

Total area 145 m²2 bedrooms2 bathrooms

New apartment in a complex with a swimming pool, a garden and a restaurant, Praia do Carvoeiro, Faro, Portugal

400,000 €

Total area 72 m²1 bedroom1 bathroom

New furnished apartment in a complex with a swimming pool and a restaurant, Praia do Carvoeiro, Faro, Portugal

400,000 €

Total area 72 m²1 bedroom1 bathroom

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

400,000 €

Total area 72 m²1 bedroom1 bathroom

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

400,000 €

Total area 72 m²1 bedroom1 bathroom

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Quality Villas

Apartments for sale in Albufeira

Albufeira is a city in the south of Portugal

Foreign investments benefit Albufeira

Flats for sale in Albufeira are available for €90,000