Algarve, Almancil, Portugal

This is an exceptional opportunity to acquire a 4-star rural hotel project with full planning approval, located on a 17,948 m² plot in the Ferrarias area near Vale do Lobo, Almancil. This property combines tranquillity, natural beauty, and proximity to some of the Algarve’s most desirable destinations.

The approved project includes 26 accommodation units. Guests can enjoy outdoor activity areas, including swimming pools, as well as a restaurant and café with indoor and outdoor seatings, and a rooftop terrace accommodating. It also features a private owner’s residence, a three-bedroom house with independent access.

Designed to harmonise with the natural landscape, the project preserves the existing cork oaks and promotes sustainability, local traditions, and regional cuisine. The hotel will offer unique nature-based activities, including environmental interpretation and outdoor sports, providing an authentic and memorable guest experience.

Almancil is a charming town nestled in the heart of the Algarve, offering a peaceful and picturesque setting while being conveniently close to the renowned resorts of Quinta do Lago and Vale do Lobo. Just a short drive away, Almancil allows residents and visitors to enjoy the tranquility of a traditional Portuguese town, while still having easy access to the luxury and exclusivity of these world-class resorts. Quinta do Lago, with its stunning golf courses and pristine beaches, and Vale do Lobo, famous for its elegant villas and vibrant atmosphere, are both within a few minutes' reach, making Almancil an ideal location for those seeking the perfect blend of rural charm and coastal luxury.

This is a fantastic investment opportunity for those looking to enter the Algarve’s thriving tourism market with a rural hotel that prioritises both quality and connection to the region’s heritage.

The Buying Process in Portugal‍

A Clear Path to Property Ownership

At Alina Reis Bespoke Luxury & Advisory, we offer personalised guidance throughout every stage of your purchase, ensuring peace of mind from start to finish. Here is how the process typically unfolds:

Step 1: Appoint Legal Representation
Begin by selecting a reputable Portuguese lawyer. They will carry out all due diligence, confirm the legal status of the property, and handle the transaction on your behalf if needed.

Step 2: Obtain a Portuguese Tax Number (NIF)
This number is required to purchase property in Portugal. Your lawyer can secure it on your behalf with a simple copy of your passport and proof of address.

Step 3: Open a Local Bank Account
To complete the purchase and manage future running costs, a Portuguese bank account is necessary. We are happy to introduce you to trusted banking contacts who can assist.

Step 4: Sign the Promissory Contract (CPCV)
Once due diligence is complete, both parties sign a promissory contract which sets out the terms of sale. A deposit of 10 to 30 percent is usually paid at this stage.

Step 5: Sign the Final Deed (Escritura)
The transaction concludes with the signing of the final deed in front of a notary. At this point, the remaining balance is paid and the property is officially registered in your name.

When Buying Through a Company
If the property is held by a corporate structure, either offshore or onshore, the transaction may involve the transfer of company shares instead of a traditional property sale. This process must be carefully evaluated by your lawyer and financial advisor. While it can offer tax and inheritance advantages, it also requires specific legal and fiscal due diligence. We work closely with your advisors to ensure full transparency and security.
REF: AR-59