Immaculate 2 bedroom Apartment for sale with sea view in Quarteira, Algarve
With superb sea views, this property offers the perfect balance between comfort, sophistication and proximity to the sea.
Facing south, the 116m2 apartment enjoys excellent natural light. The open-plan living area harmoniously integrates the living and dining room with a modern, fully-equipped kitchen, creating a spacious and welcoming environment.
The area extends out onto a magnificent balcony facing the sea - the ideal setting for relaxing and enjoying the typical Algarvian evenings. There are two bedrooms with built-...
With superb sea views, this property offers the perfect balance between comfort, sophistication and proximity to the sea.
Facing south, the 116m2 apartment enjoys excellent natural light. The open-plan living area harmoniously integrates the living and dining room with a modern, fully-equipped kitchen, creating a spacious and welcoming environment.
The area extends out onto a magnificent balcony facing the sea - the ideal setting for relaxing and enjoying the typical Algarvian evenings. There are two bedrooms with built-in wardrobes, one of which is en suite. The two bathrooms have a contemporary and functional design.
To ensure maximum comfort throughout the year, the property is equipped with air conditioning. The entire refurbishment was carried out using premium materials, including floating floors, false ceilings with built-in LED lighting, pre-installation of electric shutters, and a modern home automation and security system.
The apartment is located in a residence with lift and includes a garage parking space, a large storage room and a practical additional storage space inside the house.
Due to its exceptional location - close to shops, services and main accesses - this property represents a unique opportunity both as a permanent residence and as an investment with high profitability potential.
A true seaside retreat in the heart of the Algarve.
Area: 116 m2 | 1,251 sq ft
Useful area: 88 m2 | 944 sq ft
Bedrooms: 2
Bathrooms: 2
Energy efficiency: D.
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This Apartment is located in Quarteira in Portugal
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Buying a Property in Portugal
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.