Modern One-Bedroom Penthouse in Historic Loulé

€350,000

Apartment in Loule, Central Algarve, Central Algarve, PT

1 bed
1 bath
2 m²
penthouse

The Habio take

AI summary

Discover this newly renovated one-bedroom penthouse in the heart of Loulé, featuring a spacious rooftop terrace and beautiful views over the old town. This property is ideally situated in Central Algarve, surrounded by vibrant markets, charming shopping streets, and historic architecture.

historic
walkable
city
beach
investment

Highlights

Bright, open-plan living area
Large rooftop terrace for outdoor enjoyment
Stylishly refurbished with modern finishes
Close to local amenities and cafes
Air-conditioning for year-round comfort

Good fit for: Ideal for couples or investors seeking a convenient urban lifestyle in Algarve.

Lifestyle scores

Beach: 60
Walkable: 90
Remote work: 70
Family: 50
Retirement: 60
Airport access: 80
Investment: 75
Luxury: 65
Value: 70

About this place

This freshly modernised one-bedroom penthouse apartment is located in the historic centre of Loulé and is now offered by Yellow Homes. The bright, open-plan living and dining area features a fully fitted contemporary kitchen. Floor-to-ceiling windows open onto the first terrace with charming views over the old town. The bedroom includes a practical built-in wardrobe, a stylish bathroom with a walk-in shower and direct access to a spacious rooftop terrace, perfect for enjoying the Algarve sunshine. Air-conditioning in the bedroom ensures year-round comfort. Beautifully refurbished to modern standards, the property sits only steps away from Loules famous market hall and its delightful shopping streets. The historic city, set in the heart of the Central Algarve, is renowned for its cobblestone lanes, colourful markets and authentic Portuguese atmosphere. All amenities, cafés and restaurants are within easy walking distance, while the regions beaches and golf courses are just a short drive away. A visit is highly recommended. We look forward to welcoming you! Energy certificate class B-.

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