Opportunity: 2-bedroom apartment with breath taking views of the Ria Formosa
€800,000
Apartment in Olhao, Eastern Algarve, Eastern Algarve, PT
- 2 bed
- 3 bath
- 114 m²
- apartment
About this place
----- SOLD ----- This frontline seaside apartment is situated in an exclusive residential complex in the heart of the enchanting East Algarve with a communal pool on a 7000m2 plot. The modern 2-bedroom, 3-bathroom property is fully furnished for sale offering open views towards the unspoiled nature and the Atlantic Ocean from its south facing terrace. Various shops, restaurants, a market hall, and a splendid sandy beach are easily accessible on foot. A ferry service takes you to the nearby island beaches with their unique ecosystems and crystal-clear waters in just a few minutes. A train station is only a 5-minute walk from the residential complex. This private residence stands out for its exceptional location on the shores of the Ria Formosa Lagoon, offering absolute tranquillity and privacy. The entrance of this recently renovated apartment with a guest bathroom leads to a light-filled open-concept living area with a fully equipped modern kitchen (Bosch appliances) and a convenient breakfast bar. The south-facing covered terrace is accessible from both the living room and one of the bedrooms, inviting you to enjoy relaxed outdoor meals while taking in the breath taking view of Ria Formosa. The two bedrooms, each with its own bathroom, are generously proportioned and provide ample storage space with custom-built wardrobes. Air conditioning units ensure a comfortable indoor climate (heating, cooling, and dehumidifying) in all rooms, while high-quality flooring embellishes the living area, and the bathrooms are adorned with elegant ceramic tiles. The apartment includes an underground parking space and a spacious storage room, with an elevator connecting all floors of the building. Additionally, there is a car washing area in the basement. For boating enthusiasts, the lagoon right in front of the residential complex offers the convenience of mooring boats and exploring the white sandy beaches of the natural park islands. This apartment is offered for sale fully furnished. We look forward to your visit. 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
