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.
Set on 21 acres of land enjoying scenic countryside views, is this charming single storey 3 bedroom villa located in Mexilhoeira Grande near all amenities in Portimao and Alvor. Offering three...
- Floor Size: 130 square metres
- Plot Size: 84,590 square metres (8.46 hectares / 20.90 acres)
- Bedrooms: 3
Enjoying stunning views across Vilamoura to the sea is this bright and stylish 3 bedroom Penthouse with pool, located near the beach and all amenities. This loverly property is surrounded by te...
- Floor Size: 156 square metres
- Bedrooms: 3
Beautiful single storey 4 bedroom villa with expansive pool set in half an acre of landscaped gardens, located in a peaceful area near the beach, golf courses and all amenities in Portimao. Thi...
- Floor Size: 305 square metres
- Plot Size: 1,850 square metres (0.19 hectares / 0.46 acres)
- Bedrooms: 4
Bright and spacious 3 bedroom ground floor apartment, ideally situated just a couple of minutes from the village of Luz, within the wonderful resort of Mar da Luz. With its own private swimmin...
- Bedrooms: 3
Situated within a fantastic area in Vila do Bispo, on the outskirts of the Costa Vicentina Natural Park, which stretches for 150km to the tip of Sagres and north deep into the Alentejo region above th...
- Floor Size: 420 square metres
- Plot Size: 1,078 square metres (0.11 hectares / 0.27 acres)
- Bedrooms: 5
Immaculately presented and beautiful 3 bedroom villa with expansive pool and separate one bedroom apartment set in over an acre of lush mature land located in Tunes, Silves. This attractive pr...
- Floor Size: 241 square metres
- Plot Size: 5,000 square metres (0.50 hectares / 1.24 acres)
- Bedrooms: 3
Set on over 3 acres of beautiful mature land is this charming 5 bedroom villa with pool enjoying uninterrupted scenic views across to the mountains, located in Moncarapacho near Fuseta. On the...
- Floor Size: 3,169 square metres
- Plot Size: 13,000 square metres (1.30 hectares / 3.21 acres)
- Bedrooms: 5
Located in a peaceful area near the beach and all amenities of Sao Bras de Alportel is this stunning 4 bedroom villa with pool set in half an acre of mature landscaped gardens. This stylish pro...
- Floor Size: 20,235 square metres
- Plot Size: 2,234 square metres (0.22 hectares / 0.55 acres)
- Bedrooms: 4
A unique opportunity to acquire a collection of beautiful properties set on 2,500m2 of land located near all amenites in Sagres. This magnificent farm is comprised of two villas, three indepen...
- Floor Size: 450 square metres
- Plot Size: 2,500 square metres (0.25 hectares / 0.62 acres)
- Bedrooms: 9
Bright and spacious 1st floor 3 bedroom apartment, ideally situated within a highly sought after area in Porto de Mos, within a small development with just 12 apartments, all sharing a large swimming ...
- Floor Size: 95 square metres
- Bedrooms: 3