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Modern One-Bedroom Penthouse in Historic Loulé

€350,000€175,000/m²

Loule, Central Algarve, Portugal

  • 1

    bedroom

  • 1

    bathroom

  • 2 m²

    interior

  • Penthouse

    property type

  • 31 May 2026

    listed

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-.

PT

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.

  1. 1

    Get a NIF

    Apply for a Portuguese tax number (Número de Identificação Fiscal). Non-EU residents need a fiscal representative.

  2. 2

    Open a bank account

    Open a local account to handle the deposit, taxes, and ongoing utility payments.

  3. 3

    Engage a lawyer

    Hire an independent lawyer (not the seller's) to run title and planning searches.

  4. 4

    Sign the CPCV

    Promissory contract (Contrato de Promessa de Compra e Venda) with a deposit, typically 10–30%.

  5. 5

    Final searches & funds

    Lawyer confirms clean title; you transfer the balance and pay IMT and stamp duty before completion.

  6. 6

    Escritura (deed)

    Sign the public deed at a notary or via online platform Casa Pronta. Keys handed over.

  7. 7

    Register the property

    Lawyer registers the new ownership at the Land Registry (Conservatória do Registo Predial).

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

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