Spacious Two-Bed Apartment in Tranquil Ponta do Sol

€620,000

Albacoa Residence, Ponta do Sol, Albacoa Residence, Ponta do Sol, PT

2 bed
119.25 m²
apartment

The Habio take

AI summary

This 119.25 m² apartment offers a blend of tranquility and comfort in the picturesque village of Ponta do Sol. Known for its beautiful coastlines, this location provides a peaceful retreat while still being within reach of necessary amenities.

beach
coastal
quiet
retirement
investment

Highlights

Two spacious bedrooms
119.25 m² of internal living space
Located in the scenic village of Ponta do Sol
Ideal for those seeking tranquility
Close access to natural beauty and coastline

Worth knowing

Potentially limited public transport options
Specific amenities unverified

Good fit for: Ideal for those seeking a peaceful home in a charming coastal village.

Lifestyle scores

Beach: 80
Walkable: 55
Remote work: 60
Family: 65
Retirement: 80
Airport access: 50
Investment: 70
Luxury: 65
Value: 75

About this place

In Lugar de Baixo, in the charming village of Ponta do Sol, Albacoa is born for those seeking more than just a home: tranquility, comfort, and the rare

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