THE ALGARVE

When buying a property in Portugal, it is worth contacting a Portuguese bank with regards to mortgages available as they can often offer superior rates or conditions than that offered by your current bank.

We would recommend that you contact an independent mortgage adviser in order that they can establish your particular requirements and find the best deal for you. We currently recommend such a company here who are based in Almancil although they are happy to meet you in any area of the Algarve. They do not charge a fee for their services and by contacting them you will not have to navigate your way around the banking system if you have limited Portuguese. They work independently and are able to offer a great range of mortgage and investment products through a number of well known financial institutions here in Portugal. As well as mortgage advice, they are able to offer a range of services such as investment advice, home, car and life insurance and foreign exchange transfers.

General documentation required to apply for a mortgage in Portugal is listed below.

• Portuguese tax number (the company can arrange this for a small fee)
• Copy of ID card or passport
• Last 6 months of bank statements (current and savings)
• Birth certificate
• Last years tax return (P60)

Further documentation will be required with regards to your current employment status. Mortgages for non residents are offered up to 80% loan to value. The borrowing level is based on the house valuation and not the purchase price.

Please contact us if you would like more information and we would be pleased to ask a representative to contact you to discuss your requirements further. You can email us on gatehouse@sapo.pt or call on our UK number +44 1480 477773. This will divert free of charge to our office in the Algarve.

Click the link below for a selection of properties in all areas of the Algarve and Silver and Blue Coast areas

http://www.algarveprop.com/all-listing.html

 

CABANAS: An excellent rental investment within walking distance to the waterfront and ferries to the beach. Currently under construction, this private condominium of 1 and 2 bedroom apartments is in a prime location just 100m from the waterfront and the fishing village of Cabanas. The apartments come with air conditioning, fully fitted kitchens, fitted wardrobes in the bedrooms, ample terrace areas, and underground parking. The complex is built around a tropical garden area which incorporates 2 private swimming pools. Some limited off plan properties are available.

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BENAGIL: This unique development of 49 x 2 bedroom townhouses is in a prime cliff top location in this small but beautiful fishing village. Specifications include fully equipped kitchens with Zanussi appliances, double glazing, security entrance door with intercom, pre-installation for air conditioning, and an electric safe. The development has a communal swimming pool, parking, and automatic irrigation, and each townhouse benefits from a spacious roof terrace with sea views.

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CARVOEIRO: This development consists of 80 x 2 bedroom townhouses in a great cliff top location close to the centre of Carvoeiro. The houses are sold fully furnished and with air conditioning, satellite T.V, and fitted kitchens, and many enjoy sea views. Facilities include tennis courts, communal swimming pool, gymnasium, health club, restaurant, and discounts on nearby golf courses. Quarter share options are available from just €49,500.

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LAGOS: This luxury 5 star spa and beach resort is situated between Lagos and Praia da Luz, overlooking the picturesque Porto de Mós beach. The development comprises 1, 2 and 3 bedroom apartments and penthouses, spa bedroom suites, and 2 bedroom townhouses, the majority with sea views. All are surrounded by beautiful secluded landscaped gardens with a bar and restaurant. The leisure facilities include a 5 star health and beauty spa, hydrotherapy pool, sauna and steam rooms, gymnasium, aerobics studio, 1 indoor and 4 outdoor swimming pools, and 2 tennis courts.

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LAGOS: This new development can be found just a few steps away from the town walls of Lagos and its historical centre, with breathtaking views of Lagos’s natural bay and sandy beaches. The development features a commercial zone, swimming pool, private parking and ample green spaces. The apartment comes with fully fitted kitchens, pre installation for air conditioning and with high quality wood finishings.

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LAGOS: This private electric-gated condominium consisting of only 15 apartments is in an amazing location, just 100 metres from the beach. The heart of the apartments - the kitchen and living room - was designed in an open plan style and exudes space and light. The contemporary fixtures and fittings are of a very high standard with feature doors and furnishings. The ‘pièce de résistance’ of these apartments is a most beautiful communal roof top terrace, complete with heated swimming pool. The views are simply stunning - the longest stretch of beach in the Algarve, Meia Praia, over to the Monchique Mountains, and along the coast to Alvor and Portimão. The apartments also feature: elevator, satellite T.V, air conditioning, luxury kitchen with appliances, double glazing, electric shutters, and pre-installation for central heating, central vacuum system, and surround sound system.

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PRAIA DA LUZ: Close to the heart of Praia da Luz and less than 200 metres from the beach, this complex comprises luxury studio apartments and 1 & 2 bedroom apartments. All the apartments are fully equipped with under floor heating, satellite TV, and a central vacuum system. The underground parking comes with a large amount of storage space. Leisure facilities include gymnasium, aerobics studio, indoor swimming pool, Jacuzzi, sauna, café, bar, and restaurant. There is a poolside snack bar, a multi purpose sports area for tennis, basket ball and football, a playground, and outdoor swimming pools for both adult and children.

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BURGAU: This brand new development of apartments with high quality finishings is ideally situated in the small fishing village of Burgau, just minutes away from the small bay and cafés and restaurants. The apartments benefit from private parking, a communal swimming pool, and some have sea views. Additional features include air conditioning, double glazing, and pre-installation of central vacuum system and surround sound system.

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