Beautiful 3 bedroom Villa for sale in Vilamoura, Algarve
Located in a quiet area, this property offers the ideal balance between comfort, privacy and proximity to the region's main attractions.
Spread over two floors, the villa has a bright and spacious living area on the ground floor, comprising a cosy living room and dining room The fully equipped kitchen combines functionality and contemporary design with clever storage solutions. This floor also includes a bedroom with built-in wardrobes and a full bathroom.
The large glass doors create a fluid connection between the interior and exterior,...
Located in a quiet area, this property offers the ideal balance between comfort, privacy and proximity to the region's main attractions.
Spread over two floors, the villa has a bright and spacious living area on the ground floor, comprising a cosy living room and dining room The fully equipped kitchen combines functionality and contemporary design with clever storage solutions. This floor also includes a bedroom with built-in wardrobes and a full bathroom.
The large glass doors create a fluid connection between the interior and exterior, leading to a private terrace, ideal for al fresco dining and relaxing.
On the upper floor, there are two spacious bedrooms, both with built-in wardrobes and access to a terrace with unobstructed views of the surrounding nature.
The residence stands out for its carefully maintained outdoor spaces, with a lush garden and a communal swimming pool.
well situated, just a few minutes from Vilamoura Marina, the beaches, the prestigious golf courses, as well as shops and amenities.
Plot Area: 267 m2 | 2,874 sq ft
Useful area: 150 m2 | 1,615 sq ft
Deployment Area: 149 m2 | 1,604 sq ft
Building Area: 170 m2 | 1,830 sq ft
Bedrooms: 3
Bathrooms: 3
Energy efficiency: E
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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.