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.

121 properties

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4 bedroom villa for sale, Vila Sol, Vilamoura, Western Algarve, Algarve

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

4 bedroom villa for sale, Vila Sol, Vilamoura, Western 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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Plot of land for sale, Ferragudo, Western Algarve, Algarve

Plot of land for sale, Ferragudo, Western Algarve, Algarve
1,280,000 EUR

Plot of land for sale, Ferragudo, Western Algarve, Algarve

Excellent opportunity for investment with this plot of land in Ferragudo, comprised of pre-approval for the construction of three unique villas with private garages and swimming pools. Thi...

REF: 219586
  • Floor Size: 318 square metres
  • Plot Size: 681 square metres (0.07 hectares / 0.17 acres)
  • Bedrooms: 0
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4 bedroom villa for sale, Vilamoura, Central Algarve, Algarve

4 bedroom villa for sale, Vilamoura, Central Algarve, Algarve
1,650,000 EUR

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

A stunning modern 4 bedroom villa with large pool set in lush gardens, located in Vilamoura, enjoying breathtaking views of the ocean and mountains. This unique property is situated near multip...

REF: 219496
  • Floor Size: 222 square metres
  • Plot Size: 529 square metres (0.05 hectares / 0.13 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
795,000 EUR

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

Completely renovated, attractive, bright 4 bedroom villa with pool, enjoying lovely sea views and located near to the beach and all amenities. This fine property has a living room with a sittin...

REF: 219416
  • Floor Size: 190 square metres
  • Plot Size: 269 square metres (0.03 hectares / 0.07 acres)
  • Bedrooms: 4
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5 bedroom villa for sale, Vila Sol Golf, Vilamoura, Central Algarve, Algarve

5 bedroom villa for sale, Vila Sol Golf, Vilamoura, Central Algarve, Algarve
2,690,000 EUR

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

Currently under construction, a magnificent five bedroom villa set in landscaped gardens with pool, enjoying countryside views yet near to Vilamoura and the beach. This spectacular property is ...

REF: 219253
  • Floor Size: 458 square metres
  • Plot Size: 1,909 square metres (0.19 hectares / 0.47 acres)
  • Bedrooms: 5
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6 bedroom villa for sale, Santa Barbara de Nexe, Central Algarve, Algarve

6 bedroom villa for sale, Santa Barbara de Nexe, Central Algarve, Algarve
560,000 EUR

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

Enjoying breathtaking sea views is this bright modern 6 bedroom villa with pool, set in nearly an acre of land, located in Lourinha near to Lisbon. This lovely property has been built in the tr...

REF: 219249
  • Floor Size: 486 square metres
  • Plot Size: 3,120 square metres (0.31 hectares / 0.77 acres)
  • Bedrooms: 6
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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
530,000 EUR

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

Stunning 4 bedroom modern villa with large pool set in a lush garden, located in Vila Sol. This attractive property has an open plan living room with a fireplace, dining area and a fully fitted...

REF: 219168
  • Floor Size: 241 square metres
  • Plot Size: 241 square metres (0.02 hectares / 0.06 acres)
  • Bedrooms: 4
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4 bedroom villa for sale, Parragil, Boliqueime, Central Algarve, Algarve

4 bedroom villa for sale, Parragil, Boliqueime, Central Algarve, Algarve
600,000 EUR

4 bedroom villa for sale, Parragil, Boliqueime, Central Algarve, Algarve

A nicely presented character quinta for sale in a rural setting in the countryside between Boliqueime and Loule with stunning hill views. This versatile property is set in a 920m2 plot with ac...

REF: 219161
  • Floor Size: 131 square metres
  • Plot Size: 631 square metres (0.06 hectares / 0.16 acres)
  • Bedrooms: 4
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5 bedroom villa for sale, Santa Barbara de Nexe, Central Algarve, Algarve

5 bedroom villa for sale, Santa Barbara de Nexe, Central Algarve, Algarve
1,500,000 EUR

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

Beautifully built to the highest of standards by the present owners, this unique 5 bedroom villa is located in a quiet setting in Santa Barbara de Nexe and is ideal for someone wanting to live within ...

REF: 219030
  • Floor Size: 564 square metres
  • Plot Size: 1,400 square metres (0.14 hectares / 0.35 acres)
  • Bedrooms: 5
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