Algarve Properties with Rental Income Potential
Algarve Properties with Rental Income Potential

Why Choose PPG

For over twenty years we have built a network of the best professional agents in the most desirable locations. We offer our clients a tailored personal service, at no extra expense. We make sure that buying your overseas property, from initial viewings to final purchase, goes as smoothly as possible.

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Algarve Properties with Rental Income Potential

Guide to the Portugese Buying Process

1. Signing a Letter of Intent
On finding a property you wish to purchase, your agent will draw up a 'Letter of Intent, this will be signed by both parties, vendor and buyer. Copies of this will be given to the legal representatives of both parties and will be used in preparing the Promissory Contract. Included in this letter will be the price, what is included in the sale, furnishings etc. and any conditions of the sale plus the dates for both exchange and completion.

2. Exchange of Promissary Contract (Contrato Promessa de Compra e Venda)
The buyers lawyers are responsible for drawing up the promissory contract (Contrato Promessa de Compra e Venda) and as part of the process they will have carried out the legal searches and made sure that there are no charges, e.g. utilities, property tax etc. against the property. The contract will contain details of both parties and include clear title of ownership, when payments are due to be made, the completion date and an inventory, if required. The Promissory Contract is legally binding and will generally be signed by both parties and witnessed by a notary/lawyer. The contract will include penalty clauses in case either party does not fulfill the terms of the contract. A 10%, non-refundable deposit is required at this point, this will be paid to the vendor, through the lawyer's client account. Once the contract has been signed, if the vendor pulls out of the contract, they will be obliged to pay back double the deposit to the purchaser. If the purchaser pulls out, they will lose their deposit.

3. On Completion
The amount of time between signing the Promissary Contract and Completion will vary and will have been agreed in the contract. Before Completion your lawyer will need to arrange with a fiscal representative for you to obtain a Portuguese Fiscal Number. The official Deed of Transfer of ownership (the Escritura) will be signed by you (or someone representing you with your Power of Attorney), this is signed at the Notary and they will retain the document. The Deed will be read aloud by the Notary before all participants sign it. Your lawyer will need to check to ensure that you understand what is being said if you do not understand Portugese. The Escritura, once it has been signed, will officially give you ownership of the property, but will still need to be registered in your name on the Land Registry (Registo Predial) by your lawyer. Your lawyer should obtain a copy of this for your records. Once you have completed, the new utility contracts can be transferred into your name by your lawyer.

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IMPORTANT - Disclaimer :
All information provided is believed to be current and provided free of charge. No liability can be accepted for the reliability of the information and statements made as this is obtained from 3rd parties. We always recommend you take legal advice from a fully qualified Lawyer or Notary before buying a property overseas.

150 properties

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5 bedroom villa for sale, Lagos, Western Algarve, Algarve

5 bedroom villa for sale, Lagos, Western Algarve, Algarve
850,000 EUR

5 bedroom villa for sale, Lagos, Western Algarve, Algarve

Spacious 5 bedroom villa with a total living area of 285m2, set within a large plot of 1,545m2 with a swimming pool, ideally situated within privileged location in a highly sought after area close to ...

REF: 223394
  • Floor Size: 285 square metres
  • Plot Size: 1,545 square metres (0.15 hectares / 0.38 acres)
  • Bedrooms: 5
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2 bedroom villa for sale, Lagos, Western Algarve, Algarve

2 bedroom villa for sale, Lagos, Western Algarve, Algarve
400,000 EUR

2 bedroom villa for sale, Lagos, Western Algarve, Algarve

With excellent potential, this charming farmhouse has a good roof and dry walls and with some investment could easily be made habitable. There are also a variety of stables and outbuildings, w...

REF: 223376
  • Floor Size: 310 square metres
  • Plot Size: 150,240 square metres (15.02 hectares / 37.13 acres)
  • Bedrooms: 2
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4 bedroom farmhouse for sale, Porto de Mos, Western Algarve, Algarve

4 bedroom farmhouse for sale, Porto de Mos, Western Algarve, Algarve
700,000 EUR

4 bedroom farmhouse for sale, Porto de Mos, Western Algarve, Algarve

Spacious 4 bedroom farmhouse located in a quiet area in the Western Algarve, composed of a 280m2 house set out over 3 floors, divided into 2 bedrooms, 2 bedroom suites, 2 kitchens, 3 reception rooms, ...

REF: 223312
  • Floor Size: 280 square metres
  • Plot Size: 13,850 square metres (1.39 hectares / 3.42 acres)
  • Bedrooms: 4
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8 bedroom farmhouse for sale, Budens, Western Algarve, Algarve

8 bedroom farmhouse for sale, Budens, Western Algarve, Algarve
350,000 EUR

8 bedroom farmhouse for sale, Budens, Western Algarve, Algarve

Former spacious farmhouse with the excellent opportunity to create a rural tourism business, with the benefit of all the planning and due diligence part of the process having already been carried out....

REF: 223178
  • Floor Size: 393 square metres
  • Plot Size: 70,000 square metres (7.00 hectares / 17.30 acres)
  • Bedrooms: 8
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4 bedroom villa for sale, Santa Barbara de Nexe, Central Algarve, Algarve

4 bedroom villa for sale, Santa Barbara de Nexe, Central Algarve, Algarve
2,100,000 EUR

4 bedroom villa for sale, Santa Barbara de Nexe, Central Algarve, Algarve

Stunning and unique 4 bedroom villa, ideally situated in a quiet and private setting within a large mature plot of 16,240m2 with a swimming pool. With stunning sea views, this quiet paradise is...

REF: 223095
  • Floor Size: 350 square metres
  • Plot Size: 16,240 square metres (1.62 hectares / 4.01 acres)
  • Bedrooms: 4
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4 bedroom villa for sale, Santa Barbara de Nexe, Central Algarve, Algarve

4 bedroom villa for sale, Santa Barbara de Nexe, Central Algarve, Algarve
995,000 EUR

4 bedroom villa for sale, Santa Barbara de Nexe, Central Algarve, Algarve

Ideally situated in a quiet setting at the end of a cul-de-sac, this superb 4 bedroom villa has a total spacious living area of 240m2 and is set within a mature elevated countryside plot of 3,810m2 wi...

REF: 223094
  • Floor Size: 240 square metres
  • Plot Size: 3,810 square metres (0.38 hectares / 0.94 acres)
  • Bedrooms: 4
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Plot of land for sale, Loule, Central Algarve, Algarve

Plot of land for sale, Loule, Central Algarve, Algarve
850,000 EUR

Plot of land for sale, Loule, Central Algarve, Algarve

Exceptional opportunity - very large and flat plot with an exceptional approved project construct a main house of 440m2, a guest house of 400m2, staff house of 210m2 and a swimming pool. The ...

REF: 223093
  • Floor Size: 463 square metres
  • Plot Size: 13,922 square metres (1.39 hectares / 3.44 acres)
  • Bedrooms: 0
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5 bedroom villa for sale, Praia da Luz, Western Algarve, Algarve

5 bedroom villa for sale, Praia da Luz, Western Algarve, Algarve
695,000 EUR

5 bedroom villa for sale, Praia da Luz, Western Algarve, Algarve

Bright and spacious 5 bedroom villa, set within a mature landscaped garden of 1,500m2 with a swimming pool. With a total living area of 300m2, features include: bright entrance hall with a wall...

REF: 223049
  • Floor Size: 300 square metres
  • Plot Size: 1,500 square metres (0.15 hectares / 0.37 acres)
  • Bedrooms: 5
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4 bedroom villa for sale, Alcantarilha, Central Algarve, Algarve

4 bedroom villa for sale, Alcantarilha, Central Algarve, Algarve
457,000 EUR

4 bedroom villa for sale, Alcantarilha, Central Algarve, Algarve

Superb, bright and spacious 4 bedroom villa located in a quiet and private residential area in Alcantarilha, just outside the historical city of Silves, in a great location as a holiday home or to ear...

REF: 223023
  • Floor Size: 265 square metres
  • Plot Size: 518 square metres (0.05 hectares / 0.13 acres)
  • Bedrooms: 4
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4 bedroom villa for sale, Budens, Western Algarve, Algarve

4 bedroom villa for sale, Budens, Western Algarve, Algarve
1,200,000 EUR

4 bedroom villa for sale, Budens, Western Algarve, Algarve

Immaculately presented 3 storey, 4 bedroom villa with pool enjoying stunning sea views from its location near to the beach and all amenities in Vila do Bispo, Western Algarve. Situated on ...

REF: 222992
  • Floor Size: 364 square metres
  • Plot Size: 1,250 square metres (0.13 hectares / 0.31 acres)
  • Bedrooms: 4
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