Typical old house from the Algarve, prior to 1951, for complete renovation, located in Travessa João de Deus in Ferragudo.
The current single-storey villa with 45 m2 of floor area and traditional tiled roof, has previously undergone works for a corrected implantation area of 61 m2, where on the ground floor there are 5 rooms, and access to a 6m2 roof terrace that offers magnificent views of the river, canal and the mountain.
You will be able to customize this property to your liking! Here's the tip:
Suite Rooms: Two spacious en-suite rooms, designed to offer privacy and comfort, ensuring a welcoming atmosphere for residents.
Additional Bathroom: In addition to the two suites, the house has an additional bathroom, extra comfort for residents and guests.
Open Space Kitchen: The open space kitchen is an invitation to culinary creativity, allowing for a seamless integration with the living area. Equipped with modern equipment, it is the ideal place to prepare delicious meals.
The property is located in the so-called "urban rehabilitation area" (ARU) of Ferragudo.
The Urban Rehabilitation Area (ARU) is a territorially delimited area that is characterized by buildings, infrastructures, equipment for collective use and urban and green spaces for collective use that are in a situation of insufficiency, degradation or obsolescence, jeopardizing the conditions of use, solidity, safety, aesthetics or salubrity, and that justifies an integrated intervention through an urban rehabilitation operation.
Tax Incentives:
-On purchase
Exemption from IMT on the acquisition of properties intended for rehabilitation interventions whose start of works is carried out within 3 years from the acquisition.
-During the rehabilitation intervention
Reduction of the VAT rate by 17%. Taxation at a rate of 6% for works for the improvement, remodelling, renovation, restoration, repair or conservation of real estate or autonomous parts of these allocated to housing, (...) The reduced rate does not cover incorporated materials, unless their value does not exceed 20 % of the total value of the service supply.
IRS deduction up to a limit of 500% of the costs incurred with rehabilitation.
-For housing or permanent rental
Exemption from IMI for 3 years from the year, inclusive, of the completion of the works, renewable by resolution of the Municipal Assembly for another 5 years.
-For non-permanent lease
Taxation, in IRS, of property income resulting from renting at the rate of 5%.
Located in the stunning Algarve region of Portugal, Ferragudo is a charming and authentic coastal village that attracts with its picturesque beauty and unparalleled charm. Its narrow streets and whitewashed houses, adorned by colorful flowers, reveal a quiet and welcoming atmosphere, perfect for those looking for quality of life and authenticity.
This community offers a diversity of villas, from traditional houses to elegant beachfront apartments with stunning views. In addition, the village has an excellent infrastructure with essential amenities such as supermarkets, shops, local gastronomy restaurants and easy access to quality health and education services.
The stunning beaches, secluded coves and picturesque cliffs are ideal destinations for relaxing in the sun or enjoying water activities. For those who appreciate history, the 15th-century Castle of São João do Arade offers a fascinating insight into the rich local cultural heritage.
With a lively nightlife, diverse leisure activities, and excellent dining options, Ferragudo provides a lifestyle balanced between coastal serenity and urban conveniences. Its strategic location, access to nearby airports, and good transportation network make it an attractive destination for both residence and investment.
The current single-storey villa with 45 m2 of floor area and traditional tiled roof, has previously undergone works for a corrected implantation area of 61 m2, where on the ground floor there are 5 rooms, and access to a 6m2 roof terrace that offers magnificent views of the river, canal and the mountain.
You will be able to customize this property to your liking! Here's the tip:
Suite Rooms: Two spacious en-suite rooms, designed to offer privacy and comfort, ensuring a welcoming atmosphere for residents.
Additional Bathroom: In addition to the two suites, the house has an additional bathroom, extra comfort for residents and guests.
Open Space Kitchen: The open space kitchen is an invitation to culinary creativity, allowing for a seamless integration with the living area. Equipped with modern equipment, it is the ideal place to prepare delicious meals.
The property is located in the so-called "urban rehabilitation area" (ARU) of Ferragudo.
The Urban Rehabilitation Area (ARU) is a territorially delimited area that is characterized by buildings, infrastructures, equipment for collective use and urban and green spaces for collective use that are in a situation of insufficiency, degradation or obsolescence, jeopardizing the conditions of use, solidity, safety, aesthetics or salubrity, and that justifies an integrated intervention through an urban rehabilitation operation.
Tax Incentives:
-On purchase
Exemption from IMT on the acquisition of properties intended for rehabilitation interventions whose start of works is carried out within 3 years from the acquisition.
-During the rehabilitation intervention
Reduction of the VAT rate by 17%. Taxation at a rate of 6% for works for the improvement, remodelling, renovation, restoration, repair or conservation of real estate or autonomous parts of these allocated to housing, (...) The reduced rate does not cover incorporated materials, unless their value does not exceed 20 % of the total value of the service supply.
IRS deduction up to a limit of 500% of the costs incurred with rehabilitation.
-For housing or permanent rental
Exemption from IMI for 3 years from the year, inclusive, of the completion of the works, renewable by resolution of the Municipal Assembly for another 5 years.
-For non-permanent lease
Taxation, in IRS, of property income resulting from renting at the rate of 5%.
Located in the stunning Algarve region of Portugal, Ferragudo is a charming and authentic coastal village that attracts with its picturesque beauty and unparalleled charm. Its narrow streets and whitewashed houses, adorned by colorful flowers, reveal a quiet and welcoming atmosphere, perfect for those looking for quality of life and authenticity.
This community offers a diversity of villas, from traditional houses to elegant beachfront apartments with stunning views. In addition, the village has an excellent infrastructure with essential amenities such as supermarkets, shops, local gastronomy restaurants and easy access to quality health and education services.
The stunning beaches, secluded coves and picturesque cliffs are ideal destinations for relaxing in the sun or enjoying water activities. For those who appreciate history, the 15th-century Castle of São João do Arade offers a fascinating insight into the rich local cultural heritage.
With a lively nightlife, diverse leisure activities, and excellent dining options, Ferragudo provides a lifestyle balanced between coastal serenity and urban conveniences. Its strategic location, access to nearby airports, and good transportation network make it an attractive destination for both residence and investment.
