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.

112 properties

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

5 bedroom villa for sale, Praia da Luz, Western Algarve, Algarve
695,000 EUR

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

Superb and recently refurbished 3 bedroom south facing villa, which is ideally situated just a few minutes from the beach and all amenities within a quiet and desirable area in Praia da Luz. Se...

REF: 229508
  • Floor Size: 160 square metres
  • Plot Size: 1,507 square metres (0.15 hectares / 0.37 acres)
  • Bedrooms: 5
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2 bedroom apartment for sale, Porto de Mos, Western Algarve, Algarve

2 bedroom apartment for sale, Porto de Mos, Western Algarve, Algarve
315,000 EUR

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

In excellent condition throughout and beautifully furnished, this superb west facing 2 bedroom apartment beautifully catches the afternoon sun and has views of the fabulous sunsets over Porto de Mos. ...

REF: 229306
  • Floor Size: 96 square metres
  • Bedrooms: 2
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4 bedroom villa for sale, Vilamoura, Central Algarve, Algarve

4 bedroom villa for sale, Vilamoura, Central Algarve, Algarve
1,200,000 EUR

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

Beautifully renovated and refurbished 3 bedroom villa with one bedroom annex, pool, roof terrace and garden, located near the beach and all amenities in Vilamoura. This lovely modern property h...

REF: 228979
  • Floor Size: 158 square metres
  • Plot Size: 1,200 square metres (0.12 hectares / 0.30 acres)
  • Bedrooms: 4
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12 bedroom villa for sale, Boliqueime, Central Algarve, Algarve

12 bedroom villa for sale, Boliqueime, Central Algarve, Algarve
1,800,000 EUR

12 bedroom villa for sale, Boliqueime, Central Algarve, Algarve

Unique opportunity to acquire a traditional estate nestling in over 2 acres of land near all amenities in Boliquelme. On one part of the land is the main house, together with its extensions, a ...

REF: 228408
  • Floor Size: 558 square metres
  • Plot Size: 9,430 square metres (0.94 hectares / 2.33 acres)
  • Bedrooms: 12
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4 bedroom villa for sale, Faro, Central Algarve, Algarve

4 bedroom villa for sale, Faro, Central Algarve, Algarve
710,000 EUR

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

Superb 4 bedroom spacious and very well presented villa with Jacuzzi and pool, located near the beach and all amenities in Faro. This magnificent property features generous areas, excellent qua...

REF: 228386
  • Floor Size: 218 square metres
  • Plot Size: 393 square metres (0.04 hectares / 0.10 acres)
  • Bedrooms: 4
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13 bedroom farmhouse for sale, Silves, Central Algarve, Algarve

13 bedroom farmhouse for sale, Silves, Central Algarve, Algarve
1,550,000 EUR

13 bedroom farmhouse for sale, Silves, Central Algarve, Algarve

Superb 5 bedroom farmhouse and guest house with 2 apartments, situated in a quiet countryside setting within 17 hectares of waterfront land, situated close to Silves. This stunning and secluded...

REF: 228362
  • Floor Size: 392 square metres
  • Plot Size: 177,110 square metres (17.71 hectares / 43.77 acres)
  • Bedrooms: 13
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5 bedroom villa for sale, Vilamoura, Central Algarve, Algarve

5 bedroom villa for sale, Vilamoura, Central Algarve, Algarve
2,350,000 EUR

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

Unique opportunity to acquire a fabulous collection of properties and dance studio, nestling in 2 acres of beautiful landscaped gardens with expensive pool and tennis court, while enjoying far reachin...

REF: 228341
  • Floor Size: 299 square metres
  • Plot Size: 8,220 square metres (0.82 hectares / 2.03 acres)
  • Bedrooms: 5
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4 bedroom farmhouse for sale, Sao Bartolomeu de Messines, Central Algarve, Algarve

4 bedroom farmhouse for sale, Sao Bartolomeu de Messines, Central Algarve, Algarve
675,000 EUR

4 bedroom farmhouse for sale, Sao Bartolomeu de Messines, Central Algarve, Algarve

Beautiful farm settled in 24 hectares of land with 5 natural dams and panoramic countryside views, located in a quiet setting close to Sao Bartolomeu de Messines. The urban area has a single st...

REF: 228312
  • Floor Size: 240 square metres
  • Plot Size: 239,080 square metres (23.91 hectares / 59.08 acres)
  • Bedrooms: 4
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5 bedroom villa for sale, Boavista Golf, Lagos, Western Algarve, Algarve

5 bedroom villa for sale, Boavista Golf, Lagos, Western Algarve, Algarve
850,000 EUR

5 bedroom villa for sale, Boavista Golf, Lagos, Western Algarve, Algarve

Beautiful 3 storey, 4 bedroom stone villa with expansive pool, separate one bedroom aparrtment and glorious landscaped gardens, enjoying spectacular views over the golf course to the sea beyond from i...

REF: 228153
  • Floor Size: 413 square metres
  • Plot Size: 1,348 square metres (0.13 hectares / 0.33 acres)
  • Bedrooms: 5
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5 bedroom villa for sale, Salir, Central Algarve, Algarve

5 bedroom villa for sale, Salir, Central Algarve, Algarve
398,000 EUR

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

Spacious and charming rustic house located in a quiet setting close to Salir, set on a plot of 2,490m2 with a swimming pool and with a total living area of around 249m2, which comprises of: 4 bedrooms...

REF: 228126
  • Floor Size: 249 square metres
  • Plot Size: 2,490 square metres (0.25 hectares / 0.62 acres)
  • Bedrooms: 5
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