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 a house 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 house totals about € 100-130 per month.

Can Portuguese residency be obtained through buying a house?

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 house 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 houses 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 houses 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 a house 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.

Houses for sale in Albufeira, Portugal - Buy villas and homes in Albufeira

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Luxury villa with a swimming pool, a garden and lounge areas, Galé, Portugal for 3,500,000 €

Luxury villa with a swimming pool, a garden and lounge areas, Galé, Portugal

3,500,000 €

£3,075,000

Land area: 8860 m² / 95369 ft²4 bedrooms5 bathrooms

Villa with 2 annexes

595,000 €

£523,000

Total area 249 m² / 2680 ft²Land area: 2420 m² / 26049 ft²4 bathrooms

Portugal's «Golden Visa»

Share in pending hotel development in Algarve with buy-out in six years

280,000 € · 70% shares already sold out

Legal for Russian citizens;
Residence permits for investor's spouse and children;
Application for citizenship in five years.

Villa – Olhos de Água, Faro, Portugal for 1,375,000 €

Villa – Olhos de Água, Faro, Portugal

1,375,000 €

£1,208,000

Total area 220 m² / 2368 ft²Land area: 226 m² / 2433 ft²2 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 €

£1,213,000

Total area 450 m² / 4844 ft²5 bedrooms7 bathrooms

Villa – Albufeira, Faro, Portugal for 1,750,000 €

Villa – Albufeira, Faro, Portugal

1,750,000 €

£1,538,000

Total area 1450 m² / 15608 ft²Land area: 1450 m² / 15608 ft²4 bathrooms

Villa – Albufeira, Faro, Portugal for 692,000 €

Villa – Albufeira, Faro, Portugal

692,000 €

£608,000

Total area 414 m² / 4456 ft²Land area: 414 m² / 4456 ft²2 bathrooms

Discounted homes upon request

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

4,500,000 €

Total area 486 m²4 bedrooms4 bathrooms

New villa with a pool and sea views in Lagos, Faro, Portugal

2,300,000 €

Land area: 731 m²5 bedrooms6 bathrooms

New villa with a swimming pool near golf courses and beaches, Almancil, Portugal

1,250,000 €

Total area 521 m²3 bedrooms4 bathrooms

Contemporary 3 Bed. Villa Turnkey

1,475,000 €

Total area 380 m²Land area: 1,114 m²4 bathrooms

Fabulous Quinta for sale in large plot with Annex, Boliqueime

1,100,000 €

Total area 334 m²Land area: 8,000 m²5 bathrooms

5 Bed. Villa (V2+V3) with fantastic sea view

720,000 €

Total area 277 m²Land area: 1,608 m²5 bathrooms

3 Bedroom Classic Villa with Sea Views

745,000 €

Total area 197 m²Land area: 1,090 m²2 bathrooms

2+1 Bed. Villa under Renovation

320,000 €

Total area 75 m²Land area: 2,430 m²3 bathrooms

Quality, spacious, modern villa, beautiful location

1,300,000 €

Total area 488 m²Land area: 3,226 m²5 bathrooms

2 Bed country house, annex, amazing views

480,000 €

Total area 290 m²Land area: 1,650 m²2 bathrooms

4 Bed Villa Turnkey — Between S. Brás and Loulé

525,000 €

Total area 283 m²Land area: 328 m²3 bathrooms

2+1 Traditional Villa with Annexes

240,000 €

Total area 381 m²Land area: 1,887 m²2 bathrooms

3 bedroom country house, annexes and workshop

985,000 €

Total area 250 m²Land area: 15,715 m²3 bathrooms

3 Bed Country Villa

280,000 €

Total area 207 m²Land area: 621 m²1 bathroom

3+1 Bed. Traditional Villa

325,000 €

Total area 166 m²Land area: 110 m²2 bathrooms

3 Bed. Villa w/ Garage and Garden

690,000 €

Total area 242 m²Land area: 510 m²3 bathrooms

1 Bedroom + Large Mezzanine single storey renovated Villa

108,000 €

Total area 51 m²1 bathroom

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

750,000 €

Total area 310 m²Land area: 2,200 m²6 bathrooms

Villa – Faro, Portugal

3,400,000 €

Total area 464 m²Land area: 2,202 m²4 bedrooms4 bathrooms

Villa – Vila do Bispo, Faro, Portugal

800,000 €

Total area 138 m²Land area: 257 m²3 bedrooms2 bathrooms

Villa – Vila do Bispo, Faro, Portugal

550,000 €

Total area 115 m²Land area: 181 m²2 bedrooms2 bathrooms

Villa – Vila do Bispo, Faro, Portugal

600,000 €

Total area 128 m²Land area: 194 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

Villa – Vila do Bispo, Faro, Portugal

595,000 €

Total area 108 m²Land area: 123 m²2 bedrooms2 bathrooms

6 Bedroom Luxury Villa — Sta. Barbara de Nexe

1,500,000 €

Total area 617 m²Land area: 10,000 m²6 bathrooms

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Houses for sale in Albufeira

Albufeira is a seaside resort in the south of Portugal

Albufeira is famous for its beaches and ancient architecture

Investors can get a Golden Visa for buying a home in Albufeira