Residential and commercial building for sale
€4,680,000
Faro, Portugal, Portugal
- 0 bed
- 0 bath
- 1000 m²
- Mixed Use Property
About this place
Residential and commercial building for sale This recently renovated residential and commercial building is situated in the centre of Faro, near to local amenity including shops, restaurants, supermarkets and only a short drive from the airport. The building has been completely renovated including all new plumbing and electrics, to a high quality standard and is sold fully furnished and equipped. The property includes three studio apartments with a build area between 60-90sq m, two 1 bedroom apartments with a build area of approximately 150sq m and two commercial units. All the apartments include AEG equipped kitchens and private terraces looking out onto the charming town. For the commercial units, one has a license for a bar/cafe with 2 WCs and private access to a spacious co-working area in the lower level with a capacity of up to 75 people. The other commercial unit includes an office with 2 WCs and also provides access to the co-working space. Ready to move in, this property presents a great investment opportunity. EPC Rating: C 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: Air Conditioning, Town/City
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
