Stylish 2 bedroom Apartment for sale in Almancil, Algarve

Enquire For Price

Reference: 245762

Bedrooms: 2
Bathrooms: 2
Floor Size: 153 m2

Features

Balcony
Communal Pool
Golf Resort or Nearby
Air Conditioning
Elevator
Pool View
Parking
Garage
Good Condition

Details

Stylishly renovated 2 bedroom luxury apartment with communal pool, ideally located near the golf course and all amenities in Almancil.

This recently redecorated property has high-quality finishes that combine traditional architecture and contemporary-style design. Glass doors separate the entrance hall from the spacious living and dining room, adjacent to the fully equipped kitchen. A large terrace with barbecue and swimming pool completes the outdoor space.

The master bedroom has a bathroom with bath and shower, walk in wardrobe and terrace, while the second bedroom has a bathroom with shower.

In the entrance hall there is a WC and an elevator with private access to the communal garage in the basement of the building where there is a parking space for one car and a buggy.

The apartment is next to the 12th hole of the Royal Golf Course and close to all areas of the resort.

Show Map

Portugal Property Buying Guide

1. Signing a Letter of Intent

On finding a property you wish to purchase, your agent will draw up a 'Letter of Intent, this will be signed by both parties, vendor and buyer. Copies of this will be given to the legal representatives of both parties and will be used in preparing the Promissory Contract. Included in this letter will be the price, what is included in the sale, furnishings etc. and any conditions of the sale plus the dates for both exchange and completion.

2. Exchange of Promissary Contract (Contrato Promessa de Compra e Venda)

The buyers lawyers are responsible for drawing up the promissory contract (Contrato Promessa de Compra e Venda) and as part of the process they will have carried out the legal searches and made sure that there are no charges, e.g. utilities, property tax etc. against the property. The contract will contain details of both parties and include clear title of ownership, when payments are due to be made, the completion date and an inventory, if required. The Promissory Contract is legally binding and will generally be signed by both parties and witnessed by a notary/lawyer. The contract will include penalty clauses in case either party does not fulfill the terms of the contract. A 10%, non-refundable deposit is required at this point, this will be paid to the vendor, through the lawyer's client account. Once the contract has been signed, if the vendor pulls out of the contract, they will be obliged to pay back double the deposit to the purchaser. If the purchaser pulls out, they will lose their deposit.

3. On Completion

The amount of time between signing the Promissary Contract and Completion will vary and will have been agreed in the contract. Before Completion your lawyer will need to arrange with a fiscal representative for you to obtain a Portuguese Fiscal Number. The official Deed of Transfer of ownership (the Escritura) will be signed by you (or someone representing you with your Power of Attorney), this is signed at the Notary and they will retain the document. The Deed will be read aloud by the Notary before all participants sign it. Your lawyer will need to check to ensure that you understand what is being said if you do not understand Portugese. The Escritura, once it has been signed, will officially give you ownership of the property, but will still need to be registered in your name on the Land Registry (Registo Predial) by your lawyer. Your lawyer should obtain a copy of this for your records. Once you have completed, the new utility contracts can be transferred into your name by your lawyer.