Buying in Faro: what overseas buyers should know
Faro is the capital of the Algarve and home to the region's main international airport, which makes it a practical choice for overseas buyers who value year-round city life and easy travel. It appeals to those who want a working town rather than a pure resort, including remote workers, retirees and buyers seeking a lettings property. Property includes apartments and townhouses in the historic centre, homes in the surrounding neighbourhoods and villas in nearby villages and along the coast.
What buyers are looking for in Faro
The old town and marina area offer character apartments and townhouses close to shops, restaurants and transport, while the wider city and its outskirts provide family homes and villas. The nearby coast and the Ria Formosa lagoon add options for those wanting to be close to the water. Demand comes from buyers who want the practicality of a city with an airport, university and services available all year.
Buying as an overseas buyer
UK citizens can own property in Portugal freely and will need an NIF (a Portuguese tax number). You can spend up to 90 days in any 180-day period in the Schengen area without a visa, with D7 and digital nomad visas for longer stays; buying no longer qualifies for the Golden Visa. A lawyer runs the checks and completion takes place before a notary. The main costs on top of the price are the property transfer tax (IMT), stamp duty and the annual property tax (IMI), and Portuguese banks lend to non-residents, usually with a larger deposit. Take current advice for your own situation. Start your search to see property for sale in Faro, or contact our team to be connected with a local partner agent.
Where to find property for sale in Faro
In Faro, the walled old town and marina suit buyers wanting apartments and townhouses within reach of shops, restaurants and the station, while surrounding neighbourhoods offer larger homes and more room for the money. As the gateway to the wider Algarve, Faro puts the region's beaches, golf and villages within easy travelling distance, and the Ria Formosa coastline nearby appeals to those drawn to the water.
Property ranges from central apartments to family villas on the edge of the city, so the choice depends on whether you want to be in the old town or a little further out. Explore our collections to shortlist by the way you want to live.
