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Algarve Apartment for sale
Lagos Centro Lagos | Ref: 2836
Bedrooms:  3
Year:  Pre 1951
House Area:  170 m2
Plot Area:  400 m2
Price:  650,000.00 | £560 345
When entering this charming property you are instantly transported back in time 100 years to a typical, traditional Portuguese establishment with "azulejos" and marble floors. The premises are spread over 3 floors. Currently the ground floor consists of a restaurant and a gift shop. The entance hall resplendent with marble stairs and lined with traditional portuguese tiles leads into a large landing with sweeping gallery staircases. The open plan living room/kitchen leads outside onto a terrace ideal for al fresco dining. Three bedrooms, two reception rooms and an office are spread over 2 floors leading up to the roof terrace with spectacular views of the marina. This property is situated in a prominent position right in the heart of Lagos Old Town, amidst the bustling restaurants and night life which this vibrant town offers. It would make an ideal investment and could be transformed into several apartments or a guest house or hostel in one of the most popular destinations in the Algarve. The property is in need of some refurbishment, but has huge potential and is a unique opportunity, attractively priced.


How to Choose the Right Portugal Real Estate for You

Portugal Real Estate has been attracting investors from different parts of Europe. Portugal is not only a perfect place for those looking to live close to nature, but also for those who are seeking for opportunities to grow their trade. However, a major decision like this needs to be deliberated thoroughly. Your investment can turn into a burden if the property will not prove right for you.

Why Buy a Property in Portugal

Portugal is a region in the southernmost part of Europe. For example the Algarve, it is not just any region, but the third richest in the country. About 10 million tourists spend their vacation in Algarve each year. The town of Lagos in particular, are popular for its gorgeous beaches, verdant pastures, and spectacular historical sites.

The climate is mild, with infrequent rains during the period from December to March. Summer is when all the fun begins, with most holiday-makers spending their time by the shore. Restaurants are in every corner, serving a wide range of delectable cuisines and wines. Luxury golf courses, nightlife, shopping centres, and supermarkets surround the residential areas.

Factors to Consider When Buying Portugal Real Estate

Portugal Property for sale are not limited to homes, villas, and apartments. There is an Algarve Real Estate for any budget and specification. To find the right property to buy, it will help to consider the factors below.

  • Security. Portugal is an economically stable country. There are instances of inflation, but the real estate industry remains strong. This may attribute to minimal crime rates and low cost of living. Jobs are offered from different sectors—tourism, fishing and aquaculture, manufacturing, etc. A significant portion of the population is content at working from home. Whether you are looking for a property to turn into rented accommodations, to resell for a higher price, or to make your home, you will never go wrong with Portugal Property for sale.
  • Budget. Portugal Real Estate prices are lower compared to real estate prices in other European territories. But before you look for a specific property to buy, you need to set your price range first. It can be easy to get persuaded by sales talk from a Real Estate Agent. A little more than your target price will not hurt, but once you go beyond your price range, you may not know when to stop. Stick to your budget to avoid the risks of a financial trouble.


Specifications. Determine the specifications of the Property you want to buy. Look ahead in the future, and decide what you will use the Property for. The number of rooms you need, the size of the kitchen, or the style of the house should be planned well. Portugal Real Estate websites can help you find the Property that fits your description. You can also use a Real Estate Agent if you are not comfortable about finding a Property on your own. Nevertheless, you should check for his or her background first.

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