Spacious 4 bedroom Villa for sale with sea view in Loule, Algarve
This impressive and spacious blends contemporary architecture, comfort, and a prime location, just 10 minutes from Loule.
The light and airy property features a spacious open-plan living, dining, and kitchen area, with large sliding doors that create a seamless connection between the interior spaces and the terrace, pool, and outdoor leisure areas.
All four bedrooms feature en-suite bathrooms, with the master suite standing out for its size, private terrace with a magnificent ocean view, walk-in wardrobe, and elegant bathroom.
The high-q...
This impressive and spacious blends contemporary architecture, comfort, and a prime location, just 10 minutes from Loule.
The light and airy property features a spacious open-plan living, dining, and kitchen area, with large sliding doors that create a seamless connection between the interior spaces and the terrace, pool, and outdoor leisure areas.
All four bedrooms feature en-suite bathrooms, with the master suite standing out for its size, private terrace with a magnificent ocean view, walk-in wardrobe, and elegant bathroom.
The high-quality finishes and attention to detail give the property a sophisticated and contemporary atmosphere.
Outside, the pool and spacious terraces are ideal to enjoy the Algarve lifestyle, with al fresco dining and moments of relaxation in complete privacy.
Just minutes from the historic centre of Loule, the municipal market, and restaurants, and with easy access to beaches, golf courses, and Faro International Airport, this is an exceptional property for a permanent residence or as a holiday home.
A perfect combination of privacy, fabulous views, and proximity to Loule.
Plot Area: 820 m2 | 8,826 sq ft
Useful area: 141 m2 | 1,516 sq ft
Deployment Area: 221 m2 | 2,381 sq ft
Building Area: 302 m2 | 3,249 sq ft
Energy efficiency: A.
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This Villa is located in Loule 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.