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.

120 properties

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5 bedroom villa for sale, Vilamoura, Central Algarve, Algarve

5 bedroom villa for sale, Vilamoura, Central Algarve, Algarve
1,890,000 EUR

5 bedroom villa for sale, Vilamoura, Central Algarve, Algarve

Currently going through the final stages of construction is this bright, modern brand new 5 bedroom villa in Vilamoura. It is ideally situated within a prestigious area in the Central Algarve,r...

REF: 219970
  • Floor Size: 450 square metres
  • Plot Size: 1,365 square metres (0.14 hectares / 0.34 acres)
  • Bedrooms: 5
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6 bedroom villa for sale, Alvor, Western Algarve, Algarve

6 bedroom villa for sale, Alvor, Western Algarve, Algarve
550,000 EUR

6 bedroom villa for sale, Alvor, Western Algarve, Algarve

A stylish, bright 3 storey, 6 bedroom villa set in beautiful mature gardens, situated just five minutes from the beaches and all amenities, enjoying stunning views of the countryside and mountains...

REF: 219965
  • Floor Size: 35,892 square metres
  • Plot Size: 420 square metres (0.04 hectares / 0.10 acres)
  • Bedrooms: 6
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3 bedroom villa for sale, Almancil, Central Algarve, Algarve Golden Triangle

3 bedroom villa for sale, Almancil, Central Algarve, Algarve Golden Triangle
603,000 EUR

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

Superb 3 bedroom architect designed villa, situated within a prestigious development which was awarded with both Best Development Portugal and Best Architecture Portugal in 2008. With modern a...

REF: 219809
  • Floor Size: 300 square metres
  • Plot Size: 29,981 square metres (3.00 hectares / 7.41 acres)
  • Bedrooms: 3
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4 bedroom villa for sale, Paderne, Central Algarve, Algarve

4 bedroom villa for sale, Paderne, Central Algarve, Algarve
380,000 EUR

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

Pretty 4 bedroom property for sale including an annex, in a traditional style, located in a quiet area close to the picturesque village of Paderne in Central Algarve. Offering a main house a...

REF: 219733
  • Floor Size: 144 square metres
  • Plot Size: 458 square metres (0.05 hectares / 0.11 acres)
  • Bedrooms: 4
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5 bedroom villa for sale, Atalaia, Lagos, Western Algarve, Algarve

5 bedroom villa for sale, Atalaia, Lagos, Western Algarve, Algarve
1,250,000 EUR

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

Impressive and spacious 5 bedroom villa with large swimming pool in a sought after location in Lagos, just five minutes from the Boavista Golf Club. This location is highly sought after among ...

REF: 219727
  • Floor Size: 400 square metres
  • Plot Size: 2,500 square metres (0.25 hectares / 0.62 acres)
  • Bedrooms: 5
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4 bedroom villa for sale, Almancil, Central Algarve, Algarve Golden Triangle

4 bedroom villa for sale, Almancil, Central Algarve, Algarve Golden Triangle
1,680,000 EUR

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

A beautiful luxury refurbished 4 bedroom villa with pool, set in attractive landscaped gardens in a peaceful area yet near to the beach, all amenities and golf courses. Recently refurbished to ...

REF: 219678
  • Floor Size: 400 square metres
  • Plot Size: 3,000 square metres (0.30 hectares / 0.74 acres)
  • Bedrooms: 4
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3 bedroom villa for sale, Quarteira, Central Algarve, Algarve Golden Triangle

3 bedroom villa for sale, Quarteira, Central Algarve, Algarve Golden Triangle
635,000 EUR

3 bedroom villa for sale, Quarteira, Central Algarve, Algarve Golden Triangle

Set in nearly an acre of beautiful landscaped gardens is this splendid 3 bedroom villa with pool only a walk away from all amenities and the beach. This wonderful and traditional property is si...

REF: 219676
  • Floor Size: 225 square metres
  • Plot Size: 3,730 square metres (0.37 hectares / 0.92 acres)
  • Bedrooms: 3
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2 bedroom apartment for sale, Vale de Parra, Central Algarve, Algarve

2 bedroom apartment for sale, Vale de Parra, Central Algarve, Algarve
245,000 EUR

2 bedroom apartment for sale, Vale de Parra, Central Algarve, Algarve

Charming bright 2 bedroom apartment with large pool, located near to the beach and Albufeira with all its amenities. Situated on the first floor within a private condominium, this apartment ha...

REF: 219663
  • Plot Size: 656 square metres (0.07 hectares / 0.16 acres)
  • Bedrooms: 2
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4 bedroom villa for sale, Vila Sol Golf, Vilamoura, Central Algarve, Algarve

4 bedroom villa for sale, Vila Sol Golf, Vilamoura, Central Algarve, Algarve
875,000 EUR

4 bedroom villa for sale, Vila Sol Golf, Vilamoura, Central Algarve, Algarve

A beautiful single storey, 4 bedroom villa with large pool set in half an acre of lush mature landscaped gardens, situated in Vila Sol. This lovely property has bright and spacious rooms throug...

REF: 219614
  • Floor Size: 182 square metres
  • Plot Size: 2,000 square metres (0.20 hectares / 0.49 acres)
  • Bedrooms: 4
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6 bedroom villa for sale, Portimao, Western Algarve, Algarve

6 bedroom villa for sale, Portimao, Western Algarve, Algarve
795,000 EUR

6 bedroom villa for sale, Portimao, Western Algarve, Algarve

Beautiful, spacious 6 bedroom villa with large pool set in lush mature gardens, located in a quiet area on the outskirts of Portimao, only five minutes from the historical city centre. This su...

REF: 219612
  • Floor Size: 280 square metres
  • Plot Size: 1,120 square metres (0.11 hectares / 0.28 acres)
  • Bedrooms: 6
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