Palmares Ocean Living
Overview
A 5-star golf community in the Algarve, Portugal, offering ocean-view apartments and villa plots.
High demand! This property is getting a lot of attention.
Consider acting fast if you're interested.
Building/Community Amenities
- 24/7 Concierge
- 24/7 Security
- Beach Access
- Clubhouse / Resident Lounge
- Community Events
- Fitness Center / Gym
- Gated Community
- Golf Course / Simulator
- On-site Retail / Shops
- Outdoor Kitchen
- Parking
- Party / Event Room
- Playground / Kids Play Area
- Pool
- Private Beach
- Restaurant (On-site)
- Spa / Wellness Center
Investment Insights
Legal & Ownership
Legal & Ownership Information
Ownership Structure
Ownership Rights
Full ownership rights (Freehold)
Foreign Ownership
No restrictions for foreign buyers.
Tax Considerations
Property Taxes
Annual Municipal Property Tax (IMI) of 0.3-0.8% of tax value. Non-resident income tax of 28% on rental income.
Transfer Tax
Property Transfer Tax (IMT) ranges from 0-8% depending on property value and type.
Inheritance Tax
Stamp duty of 10% on inheritance (spouses, descendants, and ascendants are exempt).
Important Considerations
Restrictions
- Additional requirements for rural properties
Required Documents
- Tax identification number (NIF)
- Public deed of purchase
- Land registry certificate
- Payment proof of IMT and stamp duty
Financing Options
Financing Options
Mortgage Calculator
Financing in Portugal
Portuguese banks offer competitive mortgage products to foreign buyers. Non-residents can typically secure up to 70% of the property value, with terms up to 30 years (age-dependent).
Requirements for Foreign Buyers
- 1Valid identification and Portuguese tax number (NIF)
- 2Proof of income (tax returns, pay slips)
- 3Bank statements for the last 6 months
- 4Property evaluation report
Popular Lenders
Contact Information
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info@kronoshomes.com
Contact DeveloperMention property ID: Palmares Ocean Living when contacting.