Immaculate 4 bedroom Apartment for sale with sea view in Estoril, Central Portugal
Inspired by the values of our very being, this stunning property is part of 'Essence', an exclusive development designed to be enjoyed to the fullest.
Surrounded by unique and inspiring green areas, combined with a refined and elegant design of authorial architecture, Essence has the ability to make every day special, with comfort, authenticity and perfection.
Essence consists of 23 apartments, comprising 2, 3 and 4 bedrooms, which enjoy the quality of life and ind...
Inspired by the values of our very being, this stunning property is part of 'Essence', an exclusive development designed to be enjoyed to the fullest.
Surrounded by unique and inspiring green areas, combined with a refined and elegant design of authorial architecture, Essence has the ability to make every day special, with comfort, authenticity and perfection.
Essence consists of 23 apartments, comprising 2, 3 and 4 bedrooms, which enjoy the quality of life and independence of a villa, with four concepts to match the exact needs of its residents: Garden Houses, Apartment Houses, Penthouses and Villas.
The balconies and terraces are highlighted elements, with large areas, tables, sofas and, in some typologies, Jacuzzis.
Essence's common areas include gourmet areas, fitness centre, garden and an infinity pool.
With an indescribable view over the sea, both the apartments and the common areas benefit from large glazed areas that grace their residents with a unique view at every moment.
Living in Estoril is living with lightness and tranquillity. The proximity to the beaches and nature make it an ideal place for sport or outdoor family outings. This is a sophisticated, charming and noble area, with a unique beauty that breathes exclusivity and is only 20 minutes away from the cosmopolitan city of Lisbon.
Essence is situated in this vibrant locality, being very close to the main access roads, such as the A5, and just a few minutes walking distance from transport, schools, gardens, shopping areas and even the Azarujinha beach.
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This Apartment is located in Estoril 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.