Stunning 3 bedroom Townhouse for sale with sea view in Praia da Luz, Algarve
Occupying a prime position on this small development, this superb property offers the perfect blend of luxury and convenience.
Boasting three spacious bedrooms and three pristine bathrooms, this beautiful property exudes elegance with its tastefully furnished interiors and abundance of natural light. With a great layout of interior space and a total area of 255 m2 it provides ample space for comfortable living.
This sought after prime location is just a short walk aw...
Occupying a prime position on this small development, this superb property offers the perfect blend of luxury and convenience.
Boasting three spacious bedrooms and three pristine bathrooms, this beautiful property exudes elegance with its tastefully furnished interiors and abundance of natural light. With a great layout of interior space and a total area of 255 m2 it provides ample space for comfortable living.
This sought after prime location is just a short walk away from the beach, local shops, restaurants, cafes, supermarkets, banks and medical facilities and it offers easy access to the airport, Lagos town centre and several golf courses.
The decor is fresh and superbly finished with special attention to the characteristic elements of a Portuguese modern home. The spacious living room leads to a private terrace that extends to the shared pool and lush garden, creating a serene oasis right at your doorstep.
The double-glazed windows and doors flood the property with natural light whilst ensuring peace and quiet, while the security alarm system offers peace of mind. The large kitchen features top-notch appliances including a washing machine, dishwasher, refrigerator, oven and air conditioning for ultimate comfort.
Enjoy breathtaking 360 degree views from the large roof terrace or take a dip in the shared pool just steps away through private stairs.
Additional features such as a children's pool, underground private garage, storage room and closed fireplace add to the allure of this exceptional property.
The village is well served by restaurants and cafes, and the golden sandy beach has plenty of activities and water sports. There are super hiking trails both east and west offering the kind of spectacular scenery the region is famous for. For the more adventurous, the wilder west coast is just 25 minutes away by car. It's become a world-renowned destination for surfing.
Whether relaxing by the pool soaking up the sun, or planning a big day out, this townhouse promises a lifestyle of tranquillity and luxury.
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This Townhouse is located in Praia da Luz 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.