Stylish 3 bedroom Villa for sale with panoramic view in Vilamoura, Algarve
This elegant property is inserted in a private condominium with communal gardens and swimming pool, and distinguished by its corner position, which gives it a more spacious, reserved and peaceful atmosphere.
The large terrace, facing east and west, harmoniously surrounds the house, providing natural light throughout the day and creating the ideal setting for moments of leisure and well-being. The interior reveals a contemporary and welcoming design, with a large open-conce...
This elegant property is inserted in a private condominium with communal gardens and swimming pool, and distinguished by its corner position, which gives it a more spacious, reserved and peaceful atmosphere.
The large terrace, facing east and west, harmoniously surrounds the house, providing natural light throughout the day and creating the ideal setting for moments of leisure and well-being. The interior reveals a contemporary and welcoming design, with a large open-concept social area that integrates the living room with fireplace, the dining area and the modern, fully-equipped kitchen.
The private area has three bedrooms and two bathrooms, both with high-quality finishes and a serene atmosphere.
On the rooftop, a generous terrace offers breathtaking views of nature and experience the best of the Algarve lifestyle.
Among the details that ensure maximum comfort and efficiency are the recent integral renovation, solar panels for water heating, underfloor heating in the bathrooms, air conditioning in every room and multiple storage areas.
Located just a few minutes from Vilamoura Marina, the beaches, prestigious golf courses, shops and services, as well as Vilamoura International College, this property represents the perfect combination of elegance, comfort and privacy, in one of the Algarve's most exclusive destinations.
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This Villa is located in Vilamoura 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.