Albufeira is on Portugal’s Algarve coast, so you won’t need to look far for long sandy and warm weather most of the year. Lots of Brits and people from other countries in Northern Europe look here for a holiday place or even to live full-time – and who could blame them?
There’s this notion that because a town is based on the coast and all you hear about is the beach, there’s nothing really practical to do here but sunbathe. But that’s way off!
Albufeira is a great place for investors and remote workers, too – you can work in a local café in one of those gorgeous narrow streets in the old town, but there are also newer neighbourhoods that are perfect for investment opportunities.
It’s also reasonably easy to reach from Faro Airport, which sits a short drive to the east, so travel connections don’t become a daily headache for owners or guests.
Compare multiple lenders and apply remotely to secure your dream property in Albufeira today!
Here’s what draws so many Brits to Albufeira:
Varied Neighbourhoods: Albufeira has distinct neighbourhoods – from the beachside Praia dos Pescadores to quieter inland spots like Guia and Ferreiras.
Affordable Pricing: Compared with many European coasts, prices feel more affordable, especially inland. Renovation costs can add up quickly, though, so shop around with Upscore’s Finance Passport.
Plenty of Local Amenities: It’s a small town, but you’ve got all the modern amenities – supermarkets, international school options, medical centres, a 40-minute link to Faro airport – to make it practical to live here.
When you find a place you like, visit in person whenever possible – or ask for a live video tour if you’re overseas. Once you decide, you’ll sign a “Contrato de Promessa de Compra e Venda,” which is a promise to buy and sell, and you’ll pay a deposit, often around 10% of the price.
That locks in the main terms. After that, get your Portuguese Fiscal Number (NIF). You can apply at a local tax office or through a lawyer. You need that NIF for all official things – opening a bank account, paying bills, etc.
Finally, you’ll meet at a notary’s office to sign the final deed, the Escritura Pública. At that point, you pay the rest of the balance plus any fees and taxes, and you become the legal owner!
Don’t forget to include extra costs like the following when you do your budget:
Start by comparing local lenders on Upscore. It’s easy to use and frequently updated. When you see something you like, try to visit in person and look around the neighbourhood so you can get a better idea of the vibe before you move from the UK.
Receive detailed practical guides on how to make the move to Portugal and make sure you’re getting the best possible deal on your mortgage with Upscore’s Finance Passport.
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