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.

135 properties

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5 bedroom villa for sale, Ferragudo, Western Algarve, Algarve

5 bedroom villa for sale, Ferragudo, Western Algarve, Algarve
850,000 EUR

5 bedroom villa for sale, Ferragudo, Western Algarve, Algarve

A traditional villa for sale in Ferragudo, a quiet resort found within Lagoa on the Western Algarve, in a superb location this property can be found within walking distance to the local beaches and ma...

REF: 221775
  • Floor Size: 655 square metres
  • Plot Size: 1,102 square metres (0.11 hectares / 0.27 acres)
  • Bedrooms: 5
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3 bedroom villa for sale, Vilamoura, Central Algarve, Algarve

3 bedroom villa for sale, Vilamoura, Central Algarve, Algarve
860,200 EUR

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

Exciting new development in the heart of Vilamoura, providing 19 luxurious properties with superior levels of sophistication and quality design. The area of Central Algarve is highly desirab...

REF: 221772
  • Floor Size: 205 square metres
  • Plot Size: 248 square metres (0.02 hectares / 0.06 acres)
  • Bedrooms: 3
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4 bedroom villa for sale, Porto de Mos, Western Algarve, Algarve

4 bedroom villa for sale, Porto de Mos, Western Algarve, Algarve
2,495,000 EUR

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

A brand new luxury villa for sale in Porto de Mos, designed and styled by a renowned architect, ideally located in one of the most exclusive areas of Lagos. Offering stunning sea views, this v...

REF: 221686
  • Floor Size: 400 square metres
  • Plot Size: 1,907 square metres (0.19 hectares / 0.47 acres)
  • Bedrooms: 4
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5 bedroom villa for sale, Monchique, Western Algarve, Algarve

5 bedroom villa for sale, Monchique, Western Algarve, Algarve
1,200,000 EUR

5 bedroom villa for sale, Monchique, Western Algarve, Algarve

A magnificent unique 5 bedroom villa located in Caldas de Monchique, situated in a peaceful area on the western hillside surrounded by lush subtropical plants and palm trees. Originally built ...

REF: 221680
  • Floor Size: 390 square metres
  • Plot Size: 1,332 square metres (0.13 hectares / 0.33 acres)
  • Bedrooms: 5
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4 bedroom villa for sale, Albufeira, Central Algarve, Algarve

4 bedroom villa for sale, Albufeira, Central Algarve, Algarve
750,000 EUR

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

Located in the popular resort of Clube Albufeira, this superb 4 bedroom villa offers a fantastic and convenient location for those wanting somewhere close to all local amenities the town has to offer,...

REF: 221678
  • Floor Size: 1,895 square metres
  • Plot Size: 1,250 square metres (0.13 hectares / 0.31 acres)
  • Bedrooms: 4
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3 bedroom apartment for sale, Almancil, Central Algarve, Algarve Golden Triangle

3 bedroom apartment for sale, Almancil, Central Algarve, Algarve Golden Triangle
464,000 EUR

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

Situated on an award winning development, this 3 bedroom apartment for sale in Almancil is located on the Sunray Village condominium. Designed by the architect Vasco Viera, the development was...

REF: 221675
  • Floor Size: 20,017 square metres
  • Plot Size: 20,017 square metres (2.00 hectares / 4.95 acres)
  • Bedrooms: 3
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4 bedroom villa for sale, Sagres, Western Algarve, Algarve

4 bedroom villa for sale, Sagres, Western Algarve, Algarve
420,000 EUR

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

A traditional Portuguese villa for sale in Sagres, the beautiful village is situated in the West Algarve providing a quiet and peaceful location close to local amenities, services and stunning beaches...

REF: 221673
  • Bedrooms: 4
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7 bedroom villa for sale, Sao Sebastiao, Lagos, Western Algarve, Algarve

7 bedroom villa for sale, Sao Sebastiao, Lagos, Western Algarve, Algarve
850,000 EUR

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

A unique opportunity to acquire a villa consisting of four self contained houses located near the beach, golf course and all amenities in Lagos. This fantastic property would suit a wide variet...

REF: 221615
  • Floor Size: 138 square metres
  • Plot Size: 538 square metres (0.05 hectares / 0.13 acres)
  • Bedrooms: 7
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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
1,190,000 EUR

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

Bright, spacious and beautifully presented, this superb 5 bedroom, 4 bathroom villa has a total living area of 400m2 and is set within a mature landscaped garden of 1,036m2 with a heated swimming pool...

REF: 221597
  • Floor Size: 400 square metres
  • Plot Size: 1,036 square metres (0.10 hectares / 0.26 acres)
  • Bedrooms: 5
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9 bedroom house for sale, Vila do Bispo, Western Algarve, Algarve

9 bedroom house for sale, Vila do Bispo, Western Algarve, Algarve
800,000 EUR

9 bedroom house for sale, Vila do Bispo, Western Algarve, Algarve

Set in over 7 acres of land is this rustic three bedroom house located in Vila do Bispo on the western region of the Algarve, near to stunning beaches and all amenities. This charming proper...

REF: 221481
  • Floor Size: 200 square metres
  • Plot Size: 29,260 square metres (2.93 hectares / 7.23 acres)
  • Bedrooms: 9
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