Three-Bedroom Apartment 250m From Beach in Albufeira
€495,000
Albufeira, Central Algarve, PT
- 3 bed
- 2 bath
- 98 m²
The Habio take
AI summaryThis three-bedroom apartment boasts a prime location just 250 metres from Praia dos Pescadores, making it ideal for beach lovers. Nestled in the vibrant heart of Albufeira Downtown, residents enjoy easy access to shops, restaurants, and nightlife.
- beach
- family
- investment
- rental income
- city
- historic
Highlights
- 250m from Praia dos Pescadores
- Located in the lively Albufeira Downtown
- Private terrace for outdoor relaxation
- En-suite bedroom plus two additional bedrooms
- Strong potential for short-term holiday rentals
- Close to amenities and attractions
Worth knowing
- Second floor location with no elevator
- Limited private outdoor space due to plot size
Good fit for: Perfect for families, holidaymakers, or investors seeking rental income.
Lifestyle scores
- Beach
- 90
- Walkable
- 85
- Remote work
- 65
- Family
- 75
- Retirement
- 60
- Airport access
- 70
- Investment
- 85
- Luxury
- 60
- Value
- 70
About this place
Located in the heart of Albufeira Downtown, Rua Cândido dos Reis, this apartment offers a rare opportunity to own a home in one of the most vibrant areas of the Algarve. Set on the 2nd floor of an historic building (no elevator), the property is just 250 meters from Praia dos Pescadores, with the beach, shops, restaurants, bars, and nightlife all within easy walking distance.The apartment welcomes you with an entrance hall that leads into a fully equipped kitchen, ideal for everyday use or holiday stays. The sitting and dining area is bright and comfortable, with direct access to a private terrace, a perfect spot to enjoy morning coffee or relax after a day at the beach.There are three bedrooms, including one en-suite bedroom, offering privacy and comfort. The remaining two bedrooms are served by a second bathroom, making the layout practical for families, guests, or rental use.Thanks to its exceptional central location, this apartment has very strong rental potential, especially for short-term holiday rentals. Properties in this area are always in high demand due to the proximity to the beach and the lively atmosphere of Albufeira.Whether you are looking for a holiday home, a smart investment, or a place to enjoy Algarve city life, this apartment combines location, space, and opportunity in a truly special way.
Buying property in Portugal
Full guide →Portugal is open to foreign buyers with no restrictions on ownership. A NIF (tax number) and Portuguese bank account are required, and most buyers engage an independent lawyer to handle searches, contracts, and the public deed.
The buying process
- 1
Get a NIF
Apply for a Portuguese tax number (Número de Identificação Fiscal). Non-EU residents need a fiscal representative.
- 2
Open a bank account
Open a local account to handle the deposit, taxes, and ongoing utility payments.
- 3
Engage a lawyer
Hire an independent lawyer (not the seller's) to run title and planning searches.
- 4
Sign the CPCV
Promissory contract (Contrato de Promessa de Compra e Venda) with a deposit, typically 10–30%.
- 5
Final searches & funds
Lawyer confirms clean title; you transfer the balance and pay IMT and stamp duty before completion.
- 6
Escritura (deed)
Sign the public deed at a notary or via online platform Casa Pronta. Keys handed over.
- 7
Register the property
Lawyer registers the new ownership at the Land Registry (Conservatória do Registo Predial).
- NIF (tax number)
- Portuguese bank account
- Passport / ID
- Fiscal representative(optional)
Required for non-EU/EEA residents
The Golden Visa programme no longer accepts residential real estate as a qualifying investment (changed 2023). Mortgages are available to non-residents, typically up to 60–70% LTV.
General guidance only — confirm specifics with a qualified local lawyer or tax adviser. Reference
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