Frequently Asked Questions

What are apartments for tourist rentals?

Apartments for tourist rentals are apartments in a hotel or aparthotel (in this case the Altis Prime) that can be let out to third parties temporarily by means of an agreement entered into between the owner and the Altis Group, thereby providing revenue for the owner. Owners may use their apartments for pre-agreed periods and the days in question will be deducted from the revenue.

Can I use my apartment as my own permanent home?

Yes. The apartment belongs to the owner. The decision to use it for tourist rentals is independent of the purchase of the property.

How do I book a stay in my apartment?

Whenever you want to use your apartment, all you have to do is contact the Altis Group and tell us when you want to stay in your apartment (a minimum of 30 days advance notice is required).

Can I buy the apartment in my own name or in my company's name?

You can buy your apartment in the manner most convenient to you. The Altis Hotels Group and the Banco Espírito Santo (BES) have agreed advantageous leasing conditions for sales to companies.

Am I guaranteed financing?

Yes, the BES will provide financing under conditions to be agreed with the buyer. For more information, please see BES Financiamento.

Will I be exempt from IMT (Municipal Transfer Tax) and IMI (Municipal Property Tax)?

We are awaiting the Government's Budget to find out about the new Tax Benefits Statute.

How is the revenue from rentals handled in terms of tax?

It depends on how you purchase the property. If you buy the apartment in your own name, the revenue will form part of your overall income as a taxpayer. If you buy the apartment in a company's name, you will have to analyse the best options in terms of financing and consequent classification of costs for tax purposes.

At what time of the year will I receive the money from the rental of my apartment by the Altis Hotels Group?

At the end of the first quarter, proportionally.

How much is my guaranteed revenue?

In the first 5 years, the Altis Hotels Group guarantees 3% on the value of the apartment.

And after the 5 years?

The Altis Hotels Group expects the revenue to continue, in accordance with the operating budget.

Can I view the apartment before I buy?

You can view the apartments whenever you like, before deciding which one to buy.
Book your viewing appointment by phone +351 217 950 310 or Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

After I buy the apartment, when can I start using it?

You can begin using your apartment as soon as the deed has been signed and all the agreed formalities have been completed.

Are the parking spaces sold separately?

Yes. Parking spaces (in the garage) are not included in the cost of the apartment and must be purchased separately. The price table for parking spaces can be viewed at Investment Conditions (pdf)
However, you may be able to rent one of the available spaces. For more information about renting a parking space, please contact us by email at This email address is being protected from spambots. You need JavaScript enabled to view it. or by phone on +351 217 950 310.

Can I see the floor plans for the apartments and the garage?

Yes. To access the floor plans for the apartments and the garage, click on Apartment Floor Plans (pdf) | Garage Floor Plans (pdf).

Do I have to buy the apartment furnished?

Yes, the appearance and decoration of the Altis Prime apartments must be maintained. Exceptional cases will be handled by the Management of the Altis Hotels Group.

Is my apartment insured? Who pays for the insurance?

The insurance of the apartment is the owner's responsibility. However, the Altis Hotels Group can provide the contact details of the insurance company it usually works with.

How much will I pay in condominium fees?

How much you pay in condominium fees will depend on the price of the apartment you purchase. The operating budget will be approved annually at the Joint-Owners' General Meeting. However, you may consult Investment Conditions (pdf).

Can I use the gym and the pool at the Hotel Altis?

Yes, at no extra charge.

Do I have any benefits with Altis Hotels Group?

The Altis Hotels Group may offer special conditions to apartment owners.

Can I sell my apartment whenever and to whoever I want?

Yes. However, you must inform us of your intention to sell, the name of the buyer, the price and conditions of sale.

Can I let my apartment independently and without informing the Altis Hotels Group?

No. You must inform us of your intention and obtain prior authorisation from the Altis Hotels Group.

Is there somewhere to store my belongings when I'm not using the apartment?

The Altis Hotels Group provides free storage of your belongings in between your stays.

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