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.

64 properties

Search Options

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

3 bedroom villa for sale, Santa Barbara de Nexe, Central Algarve, Algarve
645,000 EUR

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

Charming 3 bedroom villa with separate cottage, nestling in beautiful landscaped gardens with pool while enjoying panoramic sea views from its peaceful elevated location near all amenities in Santa Ba...

REF: 232926
  • Floor Size: 177 square metres
  • Plot Size: 1,473 square metres (0.15 hectares / 0.36 acres)
  • Bedrooms: 3
More Info

15 bedroom hotel for sale, Moncarapacho, Eastern Algarve, Algarve

15 bedroom hotel for sale, Moncarapacho, Eastern Algarve, Algarve
6,500,000 EUR

15 bedroom hotel for sale, Moncarapacho, Eastern Algarve, Algarve

Nestling in over 25 acres of glorious landscaped gardens, fruit trees and vegetable garden, is this outstanding 15 bedroom Boutique hotel with amazing infinity pool, enjoying panoramic country and sea...

REF: 232852
  • Floor Size: 956 square metres
  • Plot Size: 103,920 square metres (10.39 hectares / 25.68 acres)
  • Bedrooms: 15
More Info

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

5 bedroom farmhouse for sale, Santa Barbara de Nexe, Central Algarve, Algarve
2,750,000 EUR

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

Bright, spacious and impressive 5 bedroom manor house, situated in a quiet and private setting within a large 7.6 hectare plot with a swimming pool, located in a countryside setting in Santa Barbara d...

REF: 232781
  • Floor Size: 1,461 square metres
  • Plot Size: 76,839 square metres (7.68 hectares / 18.99 acres)
  • Bedrooms: 5
More Info

9 bedroom hotel for sale, Santa Barbara de Nexe, Central Algarve, Algarve

9 bedroom hotel for sale, Santa Barbara de Nexe, Central Algarve, Algarve
2,295,000 EUR

9 bedroom hotel for sale, Santa Barbara de Nexe, Central Algarve, Algarve

Unique opportunity to acquire an ultra modern and luxurious 9 bedroom hotel nestling in nearly 3 acres of glorious land with expansive pool and orange and olive trees, while enjoying far reaching coun...

REF: 232715
  • Floor Size: 813 square metres
  • Plot Size: 11,320 square metres (1.13 hectares / 2.80 acres)
  • Bedrooms: 9
More Info

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

5 bedroom villa for sale, Praia da Luz, Western Algarve, Algarve
1,700,000 EUR

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

Bright and spacious complex of a two bedroom villa, two studios, one bedroom apartment and one bedroom annex with garden, enjoying sea views from its ideal location near the beach and all amenities in...

REF: 232405
  • Floor Size: 490 square metres
  • Bedrooms: 5
More Info

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

6 bedroom villa for sale, Budens, Western Algarve, Algarve
700,000 EUR

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

Situated in a quiet national park setting and just 500m from the charming typical Algarvian village of Budens, 2km from lovely beaches and only 4km from the popular seaside resort of Salema, this supe...

REF: 232192
  • Floor Size: 302 square metres
  • Plot Size: 600 square metres (0.06 hectares / 0.15 acres)
  • Bedrooms: 6
More Info

3 bedroom villa for sale, Castro Marim, Eastern Algarve, Algarve

3 bedroom villa for sale, Castro Marim, Eastern Algarve, Algarve
2,490,000 EUR

3 bedroom villa for sale, Castro Marim, Eastern Algarve, Algarve

Unique opportunity to acquire a stunning 3 bedroom villa with amazing infinity pool, surrounded by nearly 303 acres of glorious land with a lake, enjoying far reaching countryside views from its peace...

REF: 232120
  • Floor Size: 246 square metres
  • Bedrooms: 3
More Info

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

4 bedroom villa for sale, Estoi, Central Algarve, Algarve
290,000 EUR

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

Full of character and charm and perfectly located, this lovely property is ideally situated in a quiet setting, yet just a few minutes walk to all amenities in Estoi, including supermarket, local mark...

REF: 232089
  • Plot Size: 14,234 square metres (1.42 hectares / 3.52 acres)
  • Bedrooms: 4
More Info

6 bedroom villa for sale, Loule, Central Algarve, Algarve

6 bedroom villa for sale, Loule, Central Algarve, Algarve
2,250,000 EUR

6 bedroom villa for sale, Loule, Central Algarve, Algarve

Unique opportunity to acquire an exceptional, fully furnished 4 bedroom villa with separate 2 bedroom guest house, restaurant, pool and garden, located near all amenities in Loule. This fantast...

REF: 231851
  • Floor Size: 367 square metres
  • Plot Size: 880 square metres (0.09 hectares / 0.22 acres)
  • Bedrooms: 6
More Info

7 bedroom villa for sale, Porto de Mos, Western Algarve, Algarve

7 bedroom villa for sale, Porto de Mos, Western Algarve, Algarve
2,000,000 EUR

7 bedroom villa for sale, Porto de Mos, Western Algarve, Algarve

Spacious 7 bedroom villa, with a total traditionally designed living area of 443m2, set within a large plot of 26,400m2 with a swimming pool and stunning far reaching countryside views towards the sea...

REF: 231744
  • Floor Size: 443 square metres
  • Plot Size: 26,400 square metres (2.64 hectares / 6.52 acres)
  • Bedrooms: 7
More Info
1234567>