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.
PRICE REDUCED - Bright and spacious 3 bedroom apartment situated near all amenities in Faro. This lovely property comprises of an entrance hall, fully fitted and equipped kitchen, living room,...
- Floor Size: 1,427 square metres
- Bedrooms: 3
Modern 4 bedroom villa for sale in Santa Barbara de Nexe. Situated on top of a mountain with spectacular views across the Algarvian countryside, mountains and the Atlantic Ocean. Designed with...
- Floor Size: 38,878 square metres
- Plot Size: 2,788 square metres (0.28 hectares / 0.69 acres)
- Bedrooms: 4
An exceptional villa situated just 5 minutes away from the extremely popular Praia da Luz, offering a fantastic location to invest for rental purposes, as a holiday home, or somewhere to live permanen...
- Floor Size: 362 square metres
- Plot Size: 1,270 square metres (0.13 hectares / 0.31 acres)
- Bedrooms: 4
Brand new villa for sale in Alcantarilha, located within the Central Algarve. Currently under construction and to be finished to a very high standard with modern finishes and fittings, this ul...
- Floor Size: 287 square metres
- Plot Size: 1,873 square metres (0.19 hectares / 0.46 acres)
- Bedrooms: 4
Newly built 3 bedroom villa ideally situated within the popular Porto de Mos area of Lagos, in a fantastic location for those looking to relocate to the Algarve, purchase a holiday home or wanting to ...
- Floor Size: 200 square metres
- Plot Size: 525 square metres (0.05 hectares / 0.13 acres)
- Bedrooms: 3
Lovely villa situated within the Amendoeira Golf development in Alcantarilha, found within the Central Algarve the resort offers a mix of modern 2 bedroom apartments, duplex apartments and villas. ...
- Floor Size: 165 square metres
- Plot Size: 20,625 square metres (2.06 hectares / 5.10 acres)
- Bedrooms: 3
A 4 bedroom villa for sale in Alvor, in a quiet and residential area situated in Western Algarve. It is just a short 3km away from Tres Irmaos beach and 2.5km away from Alvors centre, with a location ...
- Floor Size: 22,165 square metres
- Plot Size: 688 square metres (0.07 hectares / 0.17 acres)
- Bedrooms: 4
An attractive 4 bedroom villa situated on the extremely popular Alma Verde community. A great location for somewhere looking to relocate permanently, live out their golden years, or make an income gen...
- Floor Size: 202 square metres
- Plot Size: 630 square metres (0.06 hectares / 0.16 acres)
- Bedrooms: 4
Bright and spacious 5 bedroom villa situated in Quarteira, which is an extremely popular location within the Algarve, providing easy access to all local amenities such as supermarkets, restaurants, ba...
- Floor Size: 175 square metres
- Plot Size: 260 square metres (0.03 hectares / 0.06 acres)
- Bedrooms: 5
A large plot of land for sale in Praia da Luz, one of the most exclusive residential areas in Lagos. Offering beautiful sea views and privacy this is a fantastic opportunity for a developer or an indi...
- Floor Size: 862 square metres
- Plot Size: 5,310 square metres (0.53 hectares / 1.31 acres)
- Bedrooms: 0