Stylish 3 bedroom Villa for sale in Quarteira, Algarve
The light and spacious property provides the perfect balance between quality of life and proximity to the best the region has to offer.
On the first floor, the social area stands out in an open space concept, which includes a living room, dining room and a fully equipped kitchen with state-of-the-art Bosch appliances. This space is joined by a laundry room and a pantry. Also on this floor is a bedroom suite.
The next floor is reserved for the private area of the house, comprising two bedroom suites with built-...
The light and spacious property provides the perfect balance between quality of life and proximity to the best the region has to offer.
On the first floor, the social area stands out in an open space concept, which includes a living room, dining room and a fully equipped kitchen with state-of-the-art Bosch appliances. This space is joined by a laundry room and a pantry. Also on this floor is a bedroom suite.
The next floor is reserved for the private area of the house, comprising two bedroom suites with built-in wardrobes and direct access to private balconies, providing a fluid connection to the outside and good natural light.
Outside, the villa offers a well-kept garden and an infinity pool, ideal for relaxation and entertaining.
In the basement, there is a garage with capacity for four cars and a multifunctional area, easily adaptable to a gym, games room, cinema room or even an extra bedroom.
Equipped with top quality finishes, the villa has air conditioning in every room and a home automation system.
Located just a few minutes from the region's best beaches and with quick access to renowned destinations such as Vilamoura and Vale do Lobo, this is the ideal home for those looking to live in elegance in the Algarve.
Plot Area: 845 m2 | 9,096 sq ft
Useful area: 310 m2 | 3,337 sq ft
Deployment Area: 127 m2 | 1,364 sq ft
Building Area: 169 m2 | 1,819 sq ft
Bedrooms: 3
Bathrooms: 4
Garage: 3
Energy efficiency: A+
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This Villa 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.