Loft in Faro Downtown

Loft in Faro Downtown

In the heart of Faro’s historic downtown, an exclusive project emerges, combining the charm of traditional architecture with the comfort and sophistication of contemporary living.
This elegant loft has been carefully designed to offer functionality, privacy, and well-being, featuring two en-suite bedrooms that ensure comfort and independence.
The social area embraces a modern open-space concept, where the living room and kitchen blend harmoniously, creating a spacious, bright, and inviting atmosphere, perfect for entertaining and everyday living.
Completing the property is a guest bathroom and a charming interior garden — a true sanctuary of tranquility that fills the home with natural light and creates a unique connection between indoor and outdoor spaces.
Located in the very center of Faro Downtown, this is a rare opportunity to live or invest in one of the city’s most authentic and sought-after areas.
This property is located within an Urban Rehabilitation Area (ARU) in the municipality of Faro, allowing the buyer to benefit from a highly attractive range of tax incentives, including:

• 6% VAT on rehabilitation works instead of the standard 23% rate
• Exemption from Property Transfer Tax (IMT) upon purchase when intended for rehabilitation
• Exemption from Municipal Property Tax (IMI) for 3 years after completion of the works, with the possibility of renewal for an additional 5 years
• Reduced 5% tax rate on capital gains from the first sale after rehabilitation
• 5% tax rate on rental income after the property’s rehabilitation

A unique opportunity to invest with significant tax advantages in the heart of Faro. Benefits are subject to compliance with the applicable legal requirements.

Schedule your visit today and take a step toward the next level of living and investment.