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.
Immaculate 5 bedroom villa, with a total modern and spacious living area of 470.33m2, set within a mature landscaped plot of 2,169.9m2 with an infinity swimming pool, stunning sea views and direct acc...
- Floor Size: 47,033 square metres
- Plot Size: 21,699 square metres (2.17 hectares / 5.36 acres)
- Bedrooms: 5
Newly built 3 bedroom villa, ideally situated in a quiet and peaceful setting in Santa Barbara de Nexe, set within a large plot of 1,320m2 with a swimming pool and lovely sea and mountain views, near ...
- Floor Size: 278 square metres
- Plot Size: 1,320 square metres (0.13 hectares / 0.33 acres)
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Stunning, bright and spacious 7 bedroom villa, with a superb total living area of 1,500m2, set within a mature landscaped plot of 4,500m2 with lush gardens, swimming pool and a blue tennis court, idea...
- Floor Size: 1,500 square metres
- Plot Size: 4,500 square metres (0.45 hectares / 1.11 acres)
- Bedrooms: 7
Fantastic 6 bedroom villa with expansive pool set in over half an acre of beautiful landscaped gardens, looking out across the golf course to the sea beyond in Vilamoura. This excellent and spa...
- Floor Size: 642 square metres
- Plot Size: 2,637 square metres (0.26 hectares / 0.65 acres)
- Bedrooms: 6
Currently under construction, this modern and spacious 3 bedroom villa has a total living area of 175m2 and is set within a manicured plot of 1,532m2 with a private swimming pool, garden and sublime s...
- Floor Size: 175 square metres
- Plot Size: 1,532 square metres (0.15 hectares / 0.38 acres)
- Bedrooms: 3
Beautiful and very well presented 7 bedroom villa with expansive pool set in lush landscaped gardens, enjoying stunning sea views from its unique location in Lagoa. This lovely traditional Port...
- Floor Size: 495 square metres
- Plot Size: 645 square metres (0.06 hectares / 0.16 acres)
- Bedrooms: 7
Enjoying stunning views of the river is this beautiful front line 2 bedroom furnished apartment located near all amenities in Cabanas, Tavira. Spread across two floors, this property is compris...
- Floor Size: 1,642 square metres
- Plot Size: 1,642 square metres (0.16 hectares / 0.41 acres)
- Bedrooms: 2
A charming 3 bedroom renovated villa enjoying breathtaking views from a large roof terrace, located near the beach and all amenities in Boliqueime. This property offers high quality finishes. ...
- Floor Size: 14,485 square metres
- Plot Size: 35,474 square metres (3.55 hectares / 8.77 acres)
- Bedrooms: 3
Beautiful and spacious 3 bedroom villa with pool, enjoying panoramic views across the countryside to the sea beyond, located near the beach and all amenities in Santa Barbara de Nexe. With lar...
- Floor Size: 2,215 square metres
- Plot Size: 255 square metres (0.03 hectares / 0.06 acres)
- Bedrooms: 3
Set in 3.5 acres of beautiful land is this modern luxurious 3 bedroom villa with pool enjoying breathtaking sea views, located near all amenities in Lagos. This modern property in Vale da Lama...
- Floor Size: 380 square metres
- Plot Size: 14,450 square metres (1.45 hectares / 3.57 acres)
- Bedrooms: 3