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  • Praia da Luz, Faro, Portugal
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Apartments for sale in Praia da Luz

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

3% discount on apartments

Residential complex
Similar facilities nearby
Apartments with views of the river and the Atlantic Ocean, Lagos, Portugal for From 400,000 €
From 400,000 €
Built in 2022Total of 12 apartments
Residential complex close to the river, Parshal, Portugal for From 180,000 €
From 180,000 €
Total of 74 apartments
Apartments near the beach, with a guaranteed yield of 7%, Lagos, Portugal for From 169,000 €
From 169,000 €
Built in 2023Total of 279 apartments
Comfortable apartment with a yield of 5%, Algarve, Portugal for 1,295,000 €
1,295,000 €
3 bedrooms3 bathroomsYield 5.0%
3 Bed. Brand New Apartment for 390,000 €
390,000 €
Total area 100 m²3 bathrooms
One-bedroom apartment with large terraces in a prestigious project, Loulé, Faro, Portugal for 780,000 €
780,000 €

With swimming pool

Total area 110 m²1 bedroom1 bathroom
Two-storey new apartment in a first-class complex, Lagos, Faro, Portugal for 725,000 €
725,000 €
Total area 149 m²3 bedrooms3 bathrooms
Two-bedroom apartment in a new exclusive complex, Lagos, Faro, Portugal for 575,000 €
575,000 €
Total area 119 m²2 bedrooms2 bathrooms
Two-bedroom buy-to-let apartment with a guaranteed yield of 4% in Lagos, Faro, Portugal for 260,000 €
260,000 €
Total area 101 m²2 bedrooms2 bathroomsYield 4.0%
Modern apartment with a parking place in Albufeira, Faro, Portugal for 300,000 €
300,000 €

With swimming pool

Total area 142 m²2 bedrooms2 bathrooms
Furnished two-bedroom apartment near the beach in Lagos, Faro, Portugal for 420,000 €
420,000 €

With swimming pool

Total area 114 m²Land area: 114 m²2 bedrooms2 bathrooms
Elite apartment with a rooftop terrace, Algarve, Portugal for 1,200,000 €
1,200,000 €
Total area 326 m²3 bedrooms
Sunny two-bedroom apartment with panoramic views in Lagos, Faro, Portugal for 410,000 €
410,000 €

With swimming pool

Total area 116 m²2 bedrooms2 bathrooms
2-bedrooms apartment 93 m² in Albufeira, Portugal for 1,000,000 €
1,000,000 €
Total area 93 m²2 bedrooms2 bathrooms
Two-bedroom apartment near the sea in Lagos, Faro, Portugal for 410,000 €
410,000 €

With swimming pool

Total area 114 m²2 bedrooms2 bathrooms
New five-room apartment in a complex near the marina, Lagos, Faro, Portugal for 1,095,000 €
1,095,000 €
Total area 254 m²4 bedrooms4 bathrooms
1-25 of 354 listings, page 1 of 14
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        FAQ about Praia da Luz
        Can foreign nationals take out mortgage loans in Praia da Luz?
        Yes, non-residents can be issued a mortgage loan to buy property in Praia da Luz. 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 Praia da Luz?
        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 Praia da Luz?
        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.

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