Development plot for sale providing an excellent opportunity in Encosta do Lobo within the Vale do Lobo resort.
€1,975,000
Encosta do Lobo, Algarve, Portugal
- 0 bed
- 0 bath
- Land
About this place
Development plot for sale providing an excellent opportunity in Encosta do Lobo within the Vale do Lobo resort. This excellent plot for construction is situated in the Encosta do Lobo development within the Vale do Lobo golf and beach resort. Located within a short distance from the beach, the golf course of the area and other local amenities, this property offers the opportunity of building your own townhouse within the conformities of the regulation of the area, choosing your own layout and finishings. The permissible build area is the area above ground, there is still the possibility of adding a basement of around 210 sq m, if desired. EPC Exempt Please note all distances and measurements are approximate and for security reasons, are not representative of the exact location of the property. For more information on the precise location of the property and its surrounding area, please contact the listed Property Adviser. Features: Village
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
