Vilamoura, a town located in the Algarve region of southern Portugal, is a prestigious resort location in the district of Faro Portugal.
Vilamoura sits along the Atlantic coast, between Quarteira and Albufeira, and is only about 25 minutes from Faro International Airport, making this an easy accessible location to klook for property for perosnal use or as real estate investments.
There are many places to find distressed or foreclosed properties in Vilamoura, for examples you can ask a real estate agent to filter for foreclosures or bank-owned (REO) properties.
Investors can also refer to the local County Courthouse or Public Records and search for public notices of default, tax liens, and foreclosure sales.
Working with Property Agents or Realtors who specialize in distressed properties, foreclosures and short sales can be useful as well as keeping an eye out for expired listings or properties sitting too long on the market.
Drive around neighborhoods looking for vacant houses and you may find cheap distressed Vilamoura property for sale with broken windows, or deferred maintenance and work with probate attorneys, property managers, and bankruptcy lawyers who they often know of distressed assets.
FEATURED Portugal LISTING
Location : PALMELA,
Property Type: HouseProperty Terms: For SaleLocal Currency Price: Euro 450.000Price in USD: $542,255
Vilamoura generally has a very stable property market and purchasing or selling properties is done in a transparent manner. Vilamoura is well-regulated, with strong legal protections for ownership, and relatively low political risk provides peace of mid to investors and private buyers looking for real estate opportunities.
In sought-after cities and tourist destinations, property values have shown consistent long-term growth-especially in areas with at times limited supply.
Real Estate Agents and Property Developers in Portugal