Algarve Investment Property For Sale

Chosen and managed carefully, Algarve property is a sound investment. Demand has remained fairly even and constant over the last 30 years and the coastline has not overdeveloped. It is an established EU destination that has stood the test of time and flights are guaranteed to Faro international only 2 hours from northern Europe. With Euro mortgages readily available in Portugal and Spain and property deposits from as little as 10% this means very low exposure to currency fluctuation if financing the property. Below are some of our recommended Algarve investment properties and scroll down this page to read more about the investment buying process. You can also Request our free investment guide for more information and a review of all real estate taxes.

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With years of experience, Elite Algarve Properties are able to provide impartial advice on making a property investment.

What is the tourism market like on the Algarve?

The Portuguese Algarve has been extremely popular with the more discerning tourist for many years. It is widely renowned as the best golfing destination in Europe and thousands of people visit the coastline every month to enjoy this popular pursuit. It is not only famous for golf - the "Algarve" brand is firmly established in the minds of northern Europeans - many of whom have holidayed in the area their whole lives. It is a firmly established market.

Will this market be there in the future?

The Algarve is an extremely well established international property market with statistics going back more than 30 years so there are some reliable indicators to measure trends. Statistics indicate a steady demand for residential tourist property and a good balance between supply and demand. Attractive tax laws also encourage overseas investment.

How much will my property cost to buy?

IMT at approx. 6% - a one off tax that is payable when the property is deemed to have changed hands. The tax is related to the transaction value of the property or if this is deemed to be too low the evaluated value given by the local tax office.

Notary and registration fees are in addition and payable upon signing of the title deed. The notary fees are around the 200 Euros mark and the stamp duty 0.8% of the property value. With lawyers fee of 1%, you should budget for around 8% overall for the purchase of a property.

How much will my property cost to run?

Maintenance costs if within an urbanisation vary by development and charges are driven by many factors - the size of the urbanisation and the ratio of properties to it, what facilities there are on the site, landscaping, heated pool and size of the pool. Typically a 2-bed property on a luxurious development would be from 100 Euros per month to include all maintenance of common parts.

Running costs for property in Portugal are much lower than in the UK. Approximate monthly costs to include the highest community charges and all necessary utilities and taxes (electricity, water, gas, sewage and local taxes) are around 210 Euros: 2 bed apartment; 260 Euros: 3 bed town house and 350 Euros: 4 bed detached villa.

What is the tax system in Portugal?

Portugal, like any other country in Europe, has an array of taxes that relate to property. Some are connected to possession of the property, others to different forms of related income, while others refer to its transmission. Request our free investment guide for more information and a review of all real estate taxes.

Interested in buying an Algarve and Costa de la Luz property for investment? Contact us