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.
A spacious and versatile villa with 6 bedrooms, set over 3 floors with fabulous panoramic views over the surrounding countryside. First floor - 3 double bedrooms, 1 en-suite, an open plan f...
- Floor Size: 530 square metres
- Plot Size: 1,850 square metres (0.19 hectares / 0.46 acres)
- Bedrooms: 6
A beautifully presented 4 bedrooms villa in the small peaceful village of Barao de Sao Miguel, in the pretty area of Vila do Bispo in the Western Algarve, and is just a short ten minute drive from the...
- Floor Size: 175 square metres
- Plot Size: 998 square metres (0.10 hectares / 0.25 acres)
- Bedrooms: 4
A bright and airy 4 bedroom villa offering comfortable and relaxed living set in lush, Mediterranean gardens with panoramic south facing views. With a living area of 218m2 and set in 1,300m2 o...
- Floor Size: 218 square metres
- Plot Size: 1,300 square metres (0.13 hectares / 0.32 acres)
- Bedrooms: 4
3 bedroom apartment with excellent finishes and quality construction, found in the in the heart of the town close to all amenities. Easy access to V6, and direct access to Praia da Rocha, a...
- Floor Size: 17,445 square metres
- Bedrooms: 3
Beautifully renovated and spacious villa in Estoi with 5 bedrooms and outstanding panoramic sea views. This south facing villa is located the end of a lane and is in excellent condition havin...
- Floor Size: 460 square metres
- Plot Size: 8,800 square metres (0.88 hectares / 2.17 acres)
- Bedrooms: 5
This is a delightful 4 bedroom villa in quiet rural countryside set in 2 acres with beautiful outdoor areas and panoramic views over the hills. The spacious 400m2 property was built in 201...
- Floor Size: 400 square metres
- Plot Size: 8,200 square metres (0.82 hectares / 2.03 acres)
- Bedrooms: 4
A modern and stylish 2 bedroom sea-front apartment with fabulous views of the the sea and nature reserve in Fuseta. A ground floor sea-front apartment in Fuseta within an impressive lux...
- Floor Size: 114 square metres
- Bedrooms: 2
Excellent income generating opportunity with a traditional 2 bedroom quinta, with 6 Self-Catering cottages in Sao Bras, currently run as a successful family business and ready to be handed immediatel...
- Bedrooms: 9
Two newly built and immaculate villas for sale on the waterfront in Santa Luzia, Talvira with stylish features and modern comforts. Built to a high standard they both feature isolation and iso...
- Floor Size: 176 square metres
- Bedrooms: 3
A nicely presented and very private villa with sea views from the terrace, close to Tavira and Fuseta and within walking distance of the Ria de Formosa and the beach. Ground floor ; a spacio...
- Floor Size: 170 square metres
- Plot Size: 6,000 square metres (0.60 hectares / 1.48 acres)
- Bedrooms: 3