Flat/apartment for Sale in Olhos d'Agua

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€230,000 EUR

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Ref 909874 | Faro, Faro | 2 Bedroom Property with a Swimming Pool

Currency services provided by PureFX 230,000 EUR  |  Approx.£198,053 GBP  |  Approx. US$246,146 USD
  • Type: Flat/Apartment
  • Location: Olhos d'Agua
  • Province: Faro
  • Country: Portugal
  • Bedrooms: 2
  • Bathrooms: 2

This Superb closed condominium located in one of the most sought after areas of the central Algarve. These properties are exceptionally well finished. With a huge swimming pool and tropical landscaped gardens, all properties have stunning views. The complex is totally enclosed and entrance is by electric gates or key code for pedestrian access. It is a low rise complex with clean, modern architecture and ample green areas. Internally, the properties are finished with exceptionally high quality details. This last corner unit is located on the first floor has views over the pool . Full details include: Air conditioning fully installed. Double glazed tilt & turn windows with electric shutters. Fully fitted kitchens with integrated electrical appliances including electric oven, vitro ceramic hob, extractor fan, dishwasher, washing machine and fridge freezer. Solar panel system for hot water. False ceilings with spot lights. Security entrance doors. Video entry system. Bathrooms with fitted mirrors, vanity unit and bath and shower screens. Spacious, private balconies. Allocated underground parking spaces. Secure gated resort. Meticulously landscaped gardens. Large communal swimming pool. Spacious sun terraces.

Olhos de Agua is located just 5 minutes from Albufeira in the direction of Vilamoura, the former fishing village has become well known for its cuisine with many restaurants packed throughout the year, due to the high quality of food and good value for money. The town also has a large expat community ensuring that the town is lively throughout the year. All business remain open all year unlike many other European resorts, making this the ideal place to retire to, or just spend the winter months. On each end of the town you will find the 9 hole golf courses of Balaia and Pine Cliffs, which is one of the most scenic cliff top golf courses in the world. On the East Side the 4km long Falesia Beach stretches all the way to Vilamoura, while on the west, Sandy coves and Cliff top walks lead into Albufeira. In 2010 the main seafront area has been upgraded and pedestrianized making it the ideal place for an evening walk of morning coffee while you watch the waves gently lap against the shore. 

Albufeira is the center point of the Algarve and one of the most established tourist destinations in Europe. Faro Airport is just 30 minutes away, while the A2 Motorway to Lisbon begins its journey north just outside Albufeira, To complement these road links Trains are available in nearby Ferrerias and the local Marina allows you to arrive by private boat.

The town itself dates back to the Neolithic and bronze ages with several archaeological digs in the area to prove this history. The town Charter was established on August 20th 1504 and is celebrated annually as the date of the municipal holiday. The great earthquake of 1755 destroyed most of the town apart from a few remaining buildings which are still there today in the heart of the pedestrianized old town. Over the past 50 years the town has become the most important tourist destination in the country, attracting people from all around the world to its historic Center and sun kissed beaches

The towns 30,000 population now play host to tourist of all ages with some thing for everybody, with hundreds of restaurants to choose from you will never go hungry, Entertainment from cabaret to RnB, with relaxing Spas to water-sports the town offers something for all visitors. With this annual influx also comes rental bonanza for the property owners to take advantage of, the area is has an established rental demand with a long season from June through to early November, with many events outside of this time also attracting renters. Golf is one of the main attractions in the Algarve and Albufeira is blessed to be located within 20 minutes drive of no less than a dozen championship Golf Courses.

Also ideal for retirement Albufeira has a multicultural community with many people moving here from colder climates in northern Europe, to take advantage of the climate which is similar to the Mediterranean but without the extreme summer heat. A working town, Albufeira has all the facilities you need for everyday life with Hospitals, Supermarkets, Municipal Markets, Pharmacies, Shopping centers and much more.

Now is the time to take advantage of the property market in the area as property prices are set to rise with the economic recovery that is already underway in the area.

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