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.

More

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.

View Properties

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

Search Options

5 bedroom villa for sale, Sao Bras de Alportel, Central Algarve, Algarve

5 bedroom villa for sale, Sao Bras de Alportel, Central Algarve, Algarve
1,275,000 EUR

5 bedroom villa for sale, Sao Bras de Alportel, Central Algarve, Algarve

Unique opportunity to acquire two separate villas within a farmhouse with expansive pool set in over an acre of beautiful landscaped gardens, enjoying far reaching countryside views from its private l...

REF: 225740
  • Floor Size: 299 square metres
  • Plot Size: 5,352 square metres (0.54 hectares / 1.32 acres)
  • Bedrooms: 5
More Info

2 bedroom villa for sale, Almancil, Central Algarve, Algarve Golden Triangle

2 bedroom villa for sale, Almancil, Central Algarve, Algarve Golden Triangle
1,090,000 EUR

2 bedroom villa for sale, Almancil, Central Algarve, Algarve Golden Triangle

Spacious and modern 2 bedroom villa with a private swimming pool, ideally situated within a golfing development in Vale do Lobo. Ideal as a lock-up-and-leave home, this superb villa has a total...

REF: 225731
  • Floor Size: 233 square metres
  • Bedrooms: 2
More Info

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

5 bedroom villa for sale, Santa Barbara de Nexe, Central Algarve, Algarve
985,000 EUR

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

Superbly renovated 4 bedroom villa with expansive pool and separate one bedroom studio set in nearly 2 acres of beautiful landscaped gardens, enjoying uninterrupted views across the countryside to the...

REF: 225718
  • Floor Size: 269 square metres
  • Plot Size: 8,000 square metres (0.80 hectares / 1.98 acres)
  • Bedrooms: 5
More Info

7 bedroom farmhouse for sale, Estoi, Central Algarve, Algarve

7 bedroom farmhouse for sale, Estoi, Central Algarve, Algarve
600,000 EUR

7 bedroom farmhouse for sale, Estoi, Central Algarve, Algarve

A unique opportunity to acquire an estate dating back to the early 1800s set in over 8 acres of land in a peaceful area near the beach and all amenities in Estoi. This property could be made in...

REF: 225716
  • Floor Size: 908 square metres
  • Plot Size: 34,000 square metres (3.40 hectares / 8.40 acres)
  • Bedrooms: 7
More Info

2 bedroom apartment for sale, Alvor, Western Algarve, Algarve

2 bedroom apartment for sale, Alvor, Western Algarve, Algarve
320,000 EUR

2 bedroom apartment for sale, Alvor, Western Algarve, Algarve

Bright and spacious new 2 bedroom apartment with communal pool, Jacuzzi and garden, located near the beach and all amenities in Alvor. This stylish property has been excellently constructed and...

REF: 225583
  • Floor Size: 81 square metres
  • Bedrooms: 2
More Info

3 bedroom villa for sale, Ferreiras, Central Algarve, Algarve

3 bedroom villa for sale, Ferreiras, Central Algarve, Algarve
415,000 EUR

3 bedroom villa for sale, Ferreiras, Central Algarve, Algarve

Beautifully renovated 3 bedroom villa with separate one bedroom annex, garden and pool, located in a peaceful area near the beach and all amenities in Ferreiras. Close to major roads such as th...

REF: 225490
  • Floor Size: 219 square metres
  • Plot Size: 1,270 square metres (0.13 hectares / 0.31 acres)
  • Bedrooms: 3
More Info

Commercial property for sale, Sesmarias, Central Algarve, Algarve

Commercial property for sale, Sesmarias, Central Algarve, Algarve
800,000 EUR

Commercial property for sale, Sesmarias, Central Algarve, Algarve

Unique opportunity to acquire a bright and spacious commercial property set on a large plot, located near the beach and all amenities in Sesmarias. This charming property was originally used as...

REF: 225489
  • Floor Size: 411 square metres
  • Plot Size: 2,630 square metres (0.26 hectares / 0.65 acres)
  • Bedrooms: 0
More Info

32 bedroom commercial property for sale, Santa Catarina da Fonte do Bispo, Eastern Algarve, Algarve

32 bedroom commercial property for sale, Santa Catarina da Fonte do Bispo, Eastern Algarve, Algarve
6,900,000 EUR

32 bedroom commercial property for sale, Santa Catarina da Fonte do Bispo, Eastern Algarve, Algarve

Unique opportunity to acquire a brand new 32 bedroom property with 6 cottages, swimming pools, Spa centre, Restaurant, and banqueting hall set in nearly 9 acres of glorious land near all amenities in ...

REF: 225484
  • Floor Size: 4,484 square metres
  • Plot Size: 48,000 square metres (4.80 hectares / 11.86 acres)
  • Bedrooms: 32
More Info

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

6 bedroom villa for sale, Santa Barbara de Nexe, Central Algarve, Algarve
2,450,000 EUR

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

Exceptional 3 storey, 5 bedroom modern villa with infinity pool and separate one bedroom annex set in half an acre of beautiful landscaped gardens, enjoying amazing sea views from the roof terrace of ...

REF: 225441
  • Floor Size: 500 square metres
  • Plot Size: 2,100 square metres (0.21 hectares / 0.52 acres)
  • Bedrooms: 6
More Info

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

5 bedroom villa for sale, Santa Barbara de Nexe, Central Algarve, Algarve
625,000 EUR

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

Unique opportunity to acquire 4 separate renovated properties with charming garden, enjoying stunning sea views from its location near the beach and all amenities in Santa Barbara. The first bu...

REF: 225435
  • Floor Size: 321 square metres
  • Plot Size: 600 square metres (0.06 hectares / 0.15 acres)
  • Bedrooms: 5
More Info
12345678910>10 >>