Lagos has long been a favourite destination for expats and tourists seeking a laid-back lifestyle, stunning beaches, and a vibrant community. With its picturesque historic centre, modern amenities, and proximity to some of the most beautiful natural landscapes in Portugal, it’s no surprise that Lagos has become increasingly popular with property buyers in recent years.
The town attracts a wide range of people, from surfers and digital nomads to families and retirees.
This is reflected in the town’s amenities, which include a mix of traditional Portuguese restaurants and cafes alongside more modern, hipster-style establishments, coworking spaces, and surf schools. If you’re a young professional or a digital nomad considering a move to the Algarve, Lagos should definitely be on your radar.
Of course, Lagos’ popularity means that property prices here can be higher than in other parts of the coastal Algarve. However, many buyers feel that the unique atmosphere and liveability of the town justify the premium. With Lagos, you’re not just buying a property – you’re buying into a way of life.
One of the biggest advantages of living in Lagos is the accessibility of its beaches. The town is home to several beautiful stretches of sand, including Praia Dona Ana, Praia do Camilo, and Meia Praia, all of which are within walking distance of the town centre. This means that you can easily enjoy a morning swim or a sunset stroll without having to rely on a car.
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Location and Accessibility
Lagos is located in the western Algarve, approximately 90 kilometres west of Faro and its international airport. The town is well-connected, with both a bus station and a train station offering regular services to other parts of the Algarve and Portugal.
Its location also makes it an ideal base for exploring the stunning western coast, known for its rugged cliffs, hidden beaches, and quaint fishing villages.
Properties in Lagos
The property market in Lagos offers a diverse range of options, from traditional apartments in the historic centre to modern villas on the outskirts of town. One of the charming aspects of Lagos is the relative scarcity of high-rise developments, which helps to preserve the town’s character and skyline.
In the centre of town, you’ll find a mix of apartments and houses, many of which are traditional properties that have been renovated to modern standards. These properties are ideal for those who want to be in the heart of the action, with easy access to restaurants, shops, and the beach.
On the outskirts of town, there are some newer developments offering more contemporary properties, often with private pools and gardens. These properties offer more space and privacy, which can be appealing to families or those seeking a quieter lifestyle.
It’s worth noting that due to the age of some properties in Lagos, there may be a need for renovation work. This can be an opportunity for buyers to put their own stamp on a property and potentially increase its value, but it’s important to factor in the cost and time involved in any renovation project.
Buying Process
The process of buying a property in Lagos is similar to that in other parts of Portugal. Here’s a step-by-step overview:
- Find a property: Start by researching the market and identifying properties that meet your criteria. You can do this on Portugalist.com/property.
- Arrange a viewing: Once you’ve found a property you like, contact the seller or their agent to arrange a viewing. It’s highly recommended to view the property in person before making an offer.
- Make an offer: If you decide to proceed, you’ll need to make a formal offer. It’s advisable to engage a lawyer at this stage to conduct due diligence on the property and ensure that all paperwork is in order.
- Sign the promissory contract: Once your offer is accepted, you’ll sign a promissory contract (Contrato de Promessa de Compra e Venda or CPCV) and pay a deposit, typically 10-30% of the purchase price. This contract outlines the terms of the sale, including the completion date and any conditions that must be met.
- Complete the purchase: On the agreed completion date, you’ll sign the final deed of sale (Escritura Pública de Compra e Venda) before a notary. At this point, you’ll pay the remaining balance of the purchase price, along with any applicable taxes and fees, and receive the keys to your new property.
As with any property purchase, it’s important to work with reputable professionals throughout the process, including a qualified lawyer and a registered real estate agent. They can guide you through the process, help you navigate any challenges, and ensure that your interests are protected.
You may also want to consider working with a buyer’s agent. This is an estate agent who works on your side to assess the property, analyse the paperwork, and help you make an offer.
Conclusion
Lagos is a truly special place, offering a unique blend of natural beauty, history, and modern living. Its diverse appeal, vibrant community, and stunning location make it an increasingly popular choice for property buyers seeking a slice of the Algarve lifestyle.
While property prices in Lagos may be higher than in some other parts of the region, many buyers feel that the town’s unique character and liveability justify the investment. With its accessible beaches, excellent amenities, and welcoming atmosphere, Lagos offers a quality of life that is hard to match.
Of course, buying a property in a foreign country is a significant decision that requires careful consideration and planning. It’s essential to do your research, work with trusted professionals, and take the time to find the right property for your needs and budget.
But if you’re looking for a place to call home in the Algarve – a place that combines natural beauty, cultural richness, and a vibrant, connected community – Lagos should definitely be on your list. With its stunning coastline, historic charm, and modern edge, this little town has a big heart and a bright future. Why not become a part of it?