Albufeira and Olhos De Água - Vilamoura - Loulé (São Sebastião)

Nestled in the Algarve region of Portugal, Boliqueime is a town rich in history, dating back to the time of the Moors. This coastal town presents a beautiful fusion of traditional and contemporary life with historical sights like the Church of Sao Faustino, built in the 16th century. Boliqueime's geographical location offers panoramic views of the countryside and the Atlantic Ocean, creating an ideal setting for luxury living. The town's lifestyle and prestige have transformed it into an exclusive hub for discerning homeowners.

Current Property Market in Boliqueime

As it stands, the exclusive property market in Boliqueime remains stable and strong. Demand for luxury homes and apartments continues to increase gradually, experiencing healthy competition with the supply. The political and economic situation offers stability, encouraging both national and international investment.

The Cost of Buying a Luxury Home in Boliqueime

For a buyer, the average commission is typically around 5% of the purchase price. Sellers, on the other hand, usually also pay a commission of about 5%. Additional costs to consider while buying luxury property in Boliqueime include a transfer tax around 6-8%, legal costs, notary fees and potential construction inspection costs.

Tax Obligations in Boliqueime

Transfer tax on private property stands at average 6-8%. Wealth tax depends on the total value of owned assets and is usually much lower. Profit from the sale of a primary residence is typically not taxed, but any profit made from selling a second/vacation home is subject to taxation. The corporate tax for registered companies is around 21% and the income tax for registered residents varies, with a top rate of 48%.

Mortgage Requirements for Buying a House in Boliqueime

Many banks look for a ratio of foreign capital to own funds of about 30%, yet this can be highly dependent on individual circumstances. A mortgage can cover up to 70-80% of the purchase price.

The Best Residential Areas of Boliqueime

Boliqueime boasts several sought-after residential areas, notably the hillside villages offering stunning ocean views and easy access to amenities.

Boliqueime: A Well-Connected Luxury Destination

Road and rail networks make Boliqueime easily accessible. It's a mere 15-minutes drive from the city of Faro, which houses the nearest international airport.

Education in Boliqueime

Quality education is accessible through institutions such as the International School of Algarve and the University of Algarve located near Boliqueime.

The Luxurious Lifestyle of Boliqueime

Home to around 5,000 residents, Boliqueime enjoys a mild Mediterranean climate. The town's proximity to the coast offers plenty of water sports, while the surrounding countryside is perfect for hiking and off-road biking. Luxury shopping is found within boutiques carrying high-end brands, and gastronomic delights are served in distinguished restaurants. Boliqueime also offers plenty of luxury events such as the annual Festa das Chouriças.

Art, Culture, and Well-being in Boliqueime

Known galleries like Galeria Vera Santos and cultural venues such as the AMA Theater sit near Boliqueime. The town's healthcare facilities are top-notch with several clinics and hospitals located nearby, including the renowned Faro Hospital. Boliqueime offers a public infrastructure that matches its high living standards, providing its residents with all the modern amenities they need.