Inexpensive real estate in Portugal near the sea in the Faro District

Like in any other developed European country, residential property in Portugal cannot be called cheap. That is especially true about apartments in a resort area near the coastline. Most of the residential real estate there constitutes housing for retirees built in the 1980s-1990s. It is considerably expensive, and usually, the buyer has to budget some repairs immediately.

There are exceptions to this rule, but they are rare and usually do not stay on the pages of real estate catalogs very long. After all, properties near the sea in the price range of about 200 thousand EUR are in the highest demand. Such apartments do not have the disadvantages of low-budget real estate. There is practically no surcharge for the prestigious location, and the level of technical equipment and infrastructure makes it possible to move in right after the purchase.

The two apartments in the Faro district described below – located in Portimão and Albufeira – are exactly like this. These apartments can rightfully be considered the best offer on the market.

Contact us today for more information about other attractive real estate options in Portugal, in Porto (Gonçalo Cristóvao, various properties), Albufeira (31.4 m²), Alvor (34.35 m²), and Funchal (Madeira, 478 m²).

A special offer for investors! Please note that Portugal is not the only country with good conditions for investing in real estate. Learn about other attractive options during a free individual consultation with our experts!

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Life in Portugal

The purposes for purchasing real estate may vary. Not all such purposes are related to the desire to move to another country. Many people are interested in buying real estate in Portugal for investment purposes. In other cases, purchasing an apartment is an asset protection/diversification method. But whatever the real reason may be, the purchase decision is undoubtedly correct and promising. After all, Portugal is an excellent country for a comfortable and prosperous life. We are sure it will not disappoint you!

Benefits of living in Portugal:

Warm climate – at least 300 sunny days a year, but without tropical, sweltering heat;
Low cost of living – compared to other EU countries, prices in Portugal are not very high, and you can fit into a relatively modest budget without changing your habits;
High level of security – serious crimes are rare in Portugal; petty thefts and hooliganism are more common, but the police fully control the situation, working quietly but extremely effectively;
Multiculturalism and lack of xenophobia – the population of Portugal treats foreigners warmly and welcomingly, so conflicts on national or religious grounds are quite rare there;
High-quality education with the right for graduates to work in any country of the European Union;
Free and high-quality healthcare for citizens and permanent residents;
The lenient tax system: a special preferential NHR regime exists for new residents;
The majority of people and businesses speak English;
Steadily growing real estate market in Portugal;
Numerous and active expat communities;
Cuisine from all over the world;
Tasty, varied, and inexpensive food;
Everything one needs to relax for any taste and wallet.

Apartment on the seafront, 72 m², from EUR 168,000

Buying a home in Portugal on the coastline usually requires significant financial investments. Options with reasonable costs do occur, but they are considerably rare. Many properties of that kind are in unsatisfactory technical condition, and none of them are usually ready for immediate occupancy.

Apartments in the Faro District in Portimão are, in many ways, a unique offer. Based on their consumer characteristics, the property will be equally attractive to investors, emigrants, digital nomads, people aged 50+, and families with children.

Advantages of the apartments:

located next to Três Irmãos beach;
first line by the beach;
a complete set of furniture and household appliances;
guaranteed return of at least 5% of investment for two years;
first floor;
a closed condominium with increased security;
impeccable technical condition.

Main features:

location – the resort town of Alvor, municipality of Portimão, Faro district;
total area – 72 m²;
approximate utility payments – about 400 EUR;
energy efficiency – class D;
first floor;
southeast orientation;
one bathroom + one bedroom.

Facilities and offices within walking distance:

children’s playground;
pharmacy;
public transport stop;
bank branch;
gymnasium (school);
supermarket;
walking areas;
hospital;
police station.

Services within the development:

several swimming pools;
open-air guarded parking;
well-kept shady garden;
equipped children’s playground.

Safety and security:

lobby (24 hours a day);
video surveillance system;
24-hour control of the premises.

Technical equipment of the apartments:

autonomous hot water (solar heating element);
modern refrigerator;
climate control system based on a powerful and quiet air conditioner;
electric blinds;
dishwasher;
induction hob;
Turkish bath;
powerful exhaust hood + efficient and quiet ventilation system;
microwave;
video intercom;
gas and fire detectors;
double glazing of windows;
cable TV + modern flat-screen TV;
modern gas oven.

We should note that the apartments feature a set of high-quality furniture, so they are fully ready for residence immediately after purchase. An alternative rental option is also quite acceptable. Properties of this class enjoy consistently high popularity; this type of investment does not depend on the current conditions in the real estate market.

Read more about luxurious and profitable real estate for sale in Portugal: nine villas on the outskirts of Lisbon.

Design of apartments:

mostly light colors;
stylish black furniture;
emphasis on spaciousness and natural light;
open kitchen, visually separated from the living room;
cozy bedroom with a large double bed.

The apartments are perfect for a comfortable and cozy life for owners of any age. Some energetic young people might find the design slightly minimalistic, but this really depends on individual tastes. The style solution can rightfully be called impeccable and consistent.

The apartment may well become a family home; the living space can meet the needs of three or four people, including children, with virtually no compromises. But if your household prefers separate rooms or your immediate plans are to expand your family, you should carefully weigh the pros and cons.

Apartment on the seafront, 58 m², from EUR 175,000

The proposed property is an example of a slightly different approach to ideal budget housing by the sea manifested in the design, the chosen color scheme, the saturation of tourist and infrastructure facilities, and the target audience. The investment attractiveness of the property is 4% per annum, which makes the proposed apartments not only an excellent place to live but also a worthy option for protecting and diversifying assets.

Advantages of the apartments:

location in one of the best areas of Albufeira, the leading resort center of Portugal;
vast recreational opportunities;
magnificent sea views;
fully furnished and equipped for comfortable living;
guaranteed income at 4% per year;
high investment appeal.

Key features:

location – Albufeira e Olhos de Água resort, municipality of Albufeira, the Faro District;
distance to the beach – 500 m;
total area – 58.01 m²;
second floor;
utility fees – 71 EUR, maintenance costs – 858 EUR;
energy efficiency – class D;
apartment orientation – south;
one bathroom, one living room, one bedroom.

Infrastructure within walking distance:

gymnasium;
school;
transport interchange;
supermarket;
public parking;
several swimming pools;
pharmacy kiosk;
police station.

Services at condominium:

full accessibility for residents with disabilities;
garage on site;
hall for meetings, meetings, special events;
well-equipped sports ground;
landscaped and well-kept garden;
covered parking;
several swimming pools with a water purification system.

Technical equipment and features of the apartments:

a satellite dish in each household;
combined fire, smoke, and heat detector;
improved thermal insulation of all premises (reduces utility costs and ensures a comfortable microclimate in the apartments);
double-glazing windows;
modern air conditioner unit;
powerful and quiet kitchen hood;
energy generator based on solar batteries;
modern gas oven;
walk-in closet;
fridge-freezer;
enhanced sound insulation;
cable TV with a large selection of channels;
toilet + bidet;
electric towel dryer.

Notable investment opportunity in Portugal: buy a share in the 5* Alentejo Marmòris Hotel & Spa at Vila Viçosa.

Design:

emphasis on warm colors;
cozy wooden furniture;
terrace with panoramic windows;
open-plan kitchen combined with the living room;
two separate beds, bedroom in red tones, soft dim light.

The target audience of the apartments is almost unlimited. Thanks to its unique warm design and excellent location, the apartment will be a great choice for active, stable young people who understand what they want from life. Families with children may not have quite enough living space. However, if having a baby is not a priority, this apartment is one of the best housing options.

However, apartments in Albufeira will be the best choice for investors. With a relatively low entry threshold, the demand for the object and its return on investment remains considerably high. Therefore, buying an apartment can be an excellent choice if you are considering entering the Portuguese real estate market but are unwilling to risk significant investments.

More information on buying real estate in Portugal:

Get in touch with our experts via e-mail at info@qwealthreport.com or use other ways of contacting us.

Inexpensive apartments in Portugal in the Faro District near the coastline

Life in Portugal

Apartment on the seafront, 72 m², from EUR 168,000

Apartment on the seafront, 58 m², from EUR 175,000