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.

115 properties

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

4 bedroom villa for sale, Vilamoura, Central Algarve, Algarve
1,295,000 EUR

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

Only a short drive from Vilamoura Marina and several golf courses is this luxurious, spacious 4 bedroom villa with a large inviting pool and very spacious, elegant living areas. This stunning ...

REF: 218120
  • Floor Size: 1,135 square metres
  • Plot Size: 361 square metres (0.04 hectares / 0.09 acres)
  • Bedrooms: 4
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4 bedroom villa for sale, Carvoeiro, Western Algarve, Algarve

4 bedroom villa for sale, Carvoeiro, Western Algarve, Algarve
1,680,000 EUR

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

A distinctive and attractive Moroccan style 4 bedroom villa with a large pool and lovely sea views in a private and tranquil situation close to beaches and all amenities. The main residence co...

REF: 218061
  • Floor Size: 47,480 square metres
  • Plot Size: 3,000 square metres (0.30 hectares / 0.74 acres)
  • Bedrooms: 4
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7 bedroom hotel for sale, Monchique, Western Algarve, Algarve

7 bedroom hotel for sale, Monchique, Western Algarve, Algarve
1,200,000 EUR

7 bedroom hotel for sale, Monchique, Western Algarve, Algarve

A plot of nearly 10 acres for a development project of a hotel with 150 rooms, 5 stars, spa, golf course, with 2 additional ruins which 2 further properties could be built, each being 250 m2....

REF: 218057
  • Plot Size: 96,880 square metres (9.69 hectares / 23.94 acres)
  • Bedrooms: 7
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7 bedroom villa for sale, Lagos, Western Algarve, Algarve

7 bedroom villa for sale, Lagos, Western Algarve, Algarve
1,400,000 EUR

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

The decoration of this House makes us retreat to the years of the beginning of tourism in the Algarve, where traditional families came here to spend, not a few days of vacation, but the whole summer a...

REF: 217991
  • Floor Size: 1,100 square metres
  • Plot Size: 515,974 square metres (51.60 hectares / 127.50 acres)
  • Bedrooms: 7
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6 bedroom villa for sale, Caramujeira, Lagoa, Central Algarve, Algarve

6 bedroom villa for sale, Caramujeira, Lagoa, Central Algarve, Algarve
950,000 EUR

6 bedroom villa for sale, Caramujeira, Lagoa, Central Algarve, Algarve

Ideal as an investment property, this spacious villa has been split into a main residence with 4 apartments, with a total living area of 415m2. Located in Caramujeira close to the coast in Lago...

REF: 217946
  • Floor Size: 415 square metres
  • Plot Size: 720 square metres (0.07 hectares / 0.18 acres)
  • Bedrooms: 6
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6 bedroom villa for sale, Lagos, Western Algarve, Algarve

6 bedroom villa for sale, Lagos, Western Algarve, Algarve
1,450,000 EUR

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

Superb 4 bedroom villa and separate 2 bedroom guest house, with a combined total living area of 520m2, which has been built using high quality materials throughout, set within a mature landscaped plot...

REF: 217470
  • Floor Size: 520 square metres
  • Plot Size: 3,750 square metres (0.38 hectares / 0.93 acres)
  • Bedrooms: 6
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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
3,250,000 EUR

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

Spacious and beautifully presented 6 bedroom villa, with a total living area of 270m2, which is full of character and charm yet with modern comforts combining both comfort and luxury. The pro...

REF: 216013
  • Floor Size: 270 square metres
  • Plot Size: 5,110 square metres (0.51 hectares / 1.26 acres)
  • Bedrooms: 6
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9 bedroom hotel for sale, Santa Barbara de Nexe, Central Algarve, Algarve

9 bedroom hotel for sale, Santa Barbara de Nexe, Central Algarve, Algarve
2,400,000 EUR

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

A bright and stylish boutique hotel with 7 bedrooms providing high quality service and modern charm in the area of Santa Barbara de Nexe,. The original plot of 11,500m2 was home to a ru...

REF: 215984
  • Floor Size: 813 square metres
  • Plot Size: 11,500 square metres (1.15 hectares / 2.84 acres)
  • Bedrooms: 9
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3 bedroom apartment for sale, Porto de Mos, Western Algarve, Algarve

3 bedroom apartment for sale, Porto de Mos, Western Algarve, Algarve
350,000 EUR

3 bedroom apartment for sale, Porto de Mos, Western Algarve, Algarve

A well presented 3 bedroom apartment in a desirable residence with excellent communal facilities just a couple of minutes walk from the beach at Porto de Mos. The 88m2 property comes with an ...

REF: 215774
  • Floor Size: 88 square metres
  • Bedrooms: 3
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14 bedroom hotel for sale, Monchique, Western Algarve, Algarve

14 bedroom hotel for sale, Monchique, Western Algarve, Algarve
1,260,900 EUR

14 bedroom hotel for sale, Monchique, Western Algarve, Algarve

Superb property, currently run as a small 'Boutique Hotel'. There are 2 separate buildings, with the commercial side comprising of 12 bedrooms and a 2 bedroom family house. There is als...

REF: 215724
  • Floor Size: 520 square metres
  • Plot Size: 15,000 square metres (1.50 hectares / 3.71 acres)
  • Bedrooms: 14
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