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***Bank Repossession*** Mortgage as low as 1.75% Affordable ocean front property in southern Portugal still a reality with this special bank repossession. Situated in an unspoiled region of the Algarve, next to a historic village and one of the best seafood and fresh food markets in the country. This development faces a new built marina and the world heritage protected Ria Formosa, and is just 12 minutes walk to the beach and ferries to nearby islands. Properties available from this bankrupt stock include: 1 Bedroom apartments, reduced from €200,000 to as low as €150,000 2 Bedroom apartments, reduced from €260,000 to as low as €170,000 3 Bedroom apartments, reduced from €290,000 to as low as €193,000 Financing: With a 10% deposit buyers can get 90% financing for up to 40 years. Property Surroundings: Closest landmarks Culatra Island 4 km Faro Hospital 7.1 km Modelo Supermarket 7.4 km Lethes Theatre 7.5 km Faro downtown 7.5 km Carmo Church & Bones Chapel 7.7 km Cathedral of Faro 7.8 km Arch to the Old Town district of Faro 7.8 km Old Town Faro 7.9 km Faro Marina 8 km Olhão is a lovely quaint coastal town in Eastern Algarve, by the 17th century it had grown out of the fishing industry, but becoming the main source of income in the Algarve for many years dues to being host town to the first established canning factory, producing canned tuna and sardines, Olhão fastly became a reliable contribution to the economy. Located at only 10 kilometers east of Faro, being one of the Algarve's main ports.
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