€670,000

House for sale Loulé
Property photo number 1 of 16 Photos for Property. File 102441718_2345_671a3030ef03fb716070bfd7f2262874.jpeg

Overview

SUMMARY: Discover an opportunity with this Loulé house for sale and available for €670,000. This could be your next ideal home or a smart investment. More details await.

3 bedroom duplex villas and golf front, tourist unit allowing you to benefit, if you wish, from a return on investment with holiday rentals as it can be a permanent residence, inserted in the Laguna Resort development in Vilamoura. They are 3 bedroom villas,

with three suites, large living room, fully equipped and furnished, inserted in a golf front tourist development, close to the centre, with swimming pool, garden, reception, restaurant, security, etc. At the moment, a campaign is underway that offers a 10% reduction in the list value, i.e. €745,000 - 10% = €670,000. It is a Tourist Development, so all owners have to sign the Tourist Exploitation Contract (CET), so that the development, being tourist, maintains the Tourist License. The regulation states that owners must inform the operator by December 15 of the previous year, which dates they will occupy - if they inform that they will occupy from January 1st to December 31st, then you are basically reserving the property for yourself all year round and delivering 0 days to the exploration. On the other hand, the regulation also says that if the owner delivers at least the 90 days of high season (where he has access to one or two weeks of own occupancy), he will be entitled to a 33% discount on the annual condominium fee. Within this, the owner delivers the period he wants. There is no minimum or maximum period. The longer the period you deliver, the greater the profitability. And the better the seasons you deliver, the better the return. The average profitability of 3 bedroom villas in 2025 was around €32,000. The condominium value of the House is around €4,900/year. If you deliver those 90 days of high season, this value drops to around €3,280. There are some owners living all year round, but most use some parts of the year and the rest they leave in exploitation. If you have any questions, please feel free to contact me. Book your visit now. Energy Rating: D #ref:HAB 25 - HAB 25 - Central Algarve Property

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Details

  • Beds: 3
  • Baths: 3
  • Price: €670,000
  • Reference No.: 176608870
  • Area: 186 m2

Location

Marketed by:

  • Central Algarve Property
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