Excellent plot in Varandas do Lago, Algarve.
€2,775,000
Varandas do Lago, Algarve, Portugal
- 0 bed
- 0 bath
- Land
About this place
Excellent plot in Varandas do Lago, Algarve. This beautiful 1,260 sq m plot is situated within a private and secure development between the luxury resorts of Quinta do Lago and Vale do Lobo. It benefits from 504 sq m of construction area plus 315 sq m for the basement. This plot offers the opportunity to build your perfect property in the Algarve. Varandas do Lago is only a short distance from the beach and other local amenities. Please note that all distances and measurements are approximate and, for security reasons, do not represent the property's exact location. For more information on the precise location of the property and its surrounding area, please contact the listed Property Adviser.
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
