Algarve Property For Sale
The Algarve is the southern part of Portugal and runs from Cabo de Sao Vicente in the west, facing out to the Atlantic, to the Spanish border at Vila Real de Santo Antonio in the east.
The main towns of the area are Faro, where the international airport is situated, Albufeira, an attractive seaside resort with many old houses and narrow streets, Portimao, a town with a large fishing fleet and its adjacent seaside resort of Praia da Rocha with hotels, shops andexcellent sandy beaches. Further west is the town of Lagos, also with a fishing fleet and a small marina.
For those liking the smaller, quieter beaches and coves, Olhos D'Agua just east of Albufeira offers an almost perfect setting with sandy beach and rocky coves and a small village set in a ravine with excellent small restaurants which include a choice of fresh seafood. Carvoeira further west towards Portimao again offers a similar attractive setting though the village is a little larger. To the east of Faro is Tavira, an old, very historic town with fascinating buildings with unusual undulating roofs and several old churches plus a castle. On the Spanish border is the holiday resort of Montegordo with a long sandy beach and pine covered dunes behind.
The Algarve inland has a great appeal to those wanting tranquillity. The coastal plain is gently rolling with almonds, figs, vines, olives, cork trees etc. on reddish soils but behind there lies a range of mountains with the most excellent views and many small hill villages.
For yachting enthusiasts the new town of Vilamoura has a good yacht marina and adjacent is the seaside town of Quarteira with many restaurants, bars, etc. Golf courses in the area include Val de Lobo near Faro and Penina between Portimao and Lagos, but there are several other courses to choose from. Towns such as Silves, with its old castle and historic cathedral are well worth a visit.
The tiny hamlet of Caldas de Monchique, some 25 minutes' drive inland from Portimao, has a spa, several small restaurants and a very inexpensive small hotel just 5km below the town of Monchique perched right at the top of the mountains.
We have over 600 beautiful Algarve properties for sale, from beachfront apartments and villas to rustic farmhouses in the hills.
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.
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.
Modern and spacious 3 bedroom villa with a total living area of 360m2, ideally situated alongside Palmares golf course, with stunning views overlooking the estuary of the Ria de Alvor and close to the...
- Floor Size: 360 square metres
- Plot Size: 15,540 square metres (1.55 hectares / 3.84 acres)
- Bedrooms: 3
Located in a quiet setting in Portimao, this spacious and fully furnished apartment has a total living area of 95m2, which comprises of: entrance hall, fitted and equipped kitchen with access onto a t...
- Floor Size: 95 square metres
- Bedrooms: 2
Former spacious farmhouse with the excellent opportunity to create a rural tourism business, with the benefit of all the planning and due diligence part of the process having already been carried out....
- Floor Size: 393 square metres
- Plot Size: 70,000 square metres (7.00 hectares / 17.30 acres)
- Bedrooms: 8
Newly built 3 bedroom bungalow situated just a 5 minute drive from Portimao, set within a superb estate with adult and children's swimming pools, indoor heated swimming pool and Jacuzzi, tennis courts...
- Floor Size: 133 square metres
- Plot Size: 517 square metres (0.05 hectares / 0.13 acres)
- Bedrooms: 3
Situated within a superb estate with adult and children's swimming pools, Interior heated swimming pool and Jacuzzi, tennis courts, children's playground, restaurant and snack bar and situated just a ...
- Floor Size: 283 square metres
- Plot Size: 554 square metres (0.06 hectares / 0.14 acres)
- Bedrooms: 5
Spacious 3 bedroom villa, with a total living area of 174.5m2, set within a plot of 372m2, set within a complex with adults and children's swimming pools, indoor heated swimming pool and Jacuzzi, tenn...
- Floor Size: 175 square metres
- Plot Size: 372 square metres (0.04 hectares / 0.09 acres)
- Bedrooms: 3
Large plot of land with a ruin, with an approved project to build a large 4 bedroom villa with a total built area of 610m2, set within a large plot of 14,120m2 with impressive sea views, located in a ...
- Floor Size: 610 square metres
- Plot Size: 14,120 square metres (1.41 hectares / 3.49 acres)
- Bedrooms: 4
Stunning and unique 4 bedroom villa, ideally situated in a quiet and private setting within a large mature plot of 16,240m2 with a swimming pool. With stunning sea views, this quiet paradise is...
- Floor Size: 350 square metres
- Plot Size: 16,240 square metres (1.62 hectares / 4.01 acres)
- Bedrooms: 4
Ideally situated in a quiet setting at the end of a cul-de-sac, this superb 4 bedroom villa has a total spacious living area of 240m2 and is set within a mature elevated countryside plot of 3,810m2 wi...
- Floor Size: 240 square metres
- Plot Size: 3,810 square metres (0.38 hectares / 0.94 acres)
- Bedrooms: 4
Exceptional opportunity - very large and flat plot with an exceptional approved project construct a main house of 440m2, a guest house of 400m2, staff house of 210m2 and a swimming pool. The ...
- Floor Size: 463 square metres
- Plot Size: 13,922 square metres (1.39 hectares / 3.44 acres)
- Bedrooms: 0