Carvoeiro Property
Carvoeiro Property
Carvoeiro Property

Why Choose PPG

For over twenty years we have built a network of the best professional agents in the most desirable locations. We offer our clients a tailored personal service, at no extra expense. We make sure that buying your overseas property, from initial viewings to final purchase, goes as smoothly as possible.

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Carvoeiro Property

Once a small fishing village, Carvoeiro has become a very popular tourist destination. It is very family friendly, with much new development in residential areas on the outskirts of the town. The developments and hotels are in keeping with the area and are not high rise. The town has a small square behind the beach which is pedestrianised. The sandy beach caters well for those who enjoy watersports, with jet-skis and pedaloes available for hire and for those who prefer to be under the water there are a couple of dive schools.

Guide to the Portugese Buying Process

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.

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IMPORTANT - Disclaimer :
All information provided is believed to be current and provided free of charge. No liability can be accepted for the reliability of the information and statements made as this is obtained from 3rd parties. We always recommend you take legal advice from a fully qualified Lawyer or Notary before buying a property overseas.

3 properties

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3 bedroom villa for sale, Carvoeiro, Western Algarve, Algarve

3 bedroom villa for sale, Carvoeiro, Western Algarve, Algarve
575,000 EUR

3 bedroom villa for sale, Carvoeiro, Western Algarve, Algarve

Beautifully renovated, 3 bedroom villa with pool and garden, enjoying uninterrupted countryside views from its peaceful location near all amenities in Carvoeiro. This superb "Portuguese Cottage...

REF: 233060
  • Floor Size: 166 square metres
  • Plot Size: 900 square metres (0.09 hectares / 0.22 acres)
  • Bedrooms: 3
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4 bedroom villa for sale, Carvoeiro, Western Algarve, Algarve

4 bedroom villa for sale, Carvoeiro, Western Algarve, Algarve
1,615,000 EUR

4 bedroom villa for sale, Carvoeiro, Western Algarve, Algarve

Surrounded by 358 acres of glorious land is this luxury 4 bedroom villa with pool, enjoying sea views from its location near the beach and all amenities in Carvoeira. The villa has the possibil...

REF: 231849
  • Floor Size: 223 square metres
  • Bedrooms: 4
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4 bedroom villa for sale, Victory Village Club, Carvoeiro, Western Algarve, Algarve

4 bedroom villa for sale, Victory Village Club, Carvoeiro, Western Algarve, Algarve
5,750,000 EUR

4 bedroom villa for sale, Victory Village Club, Carvoeiro, Western Algarve, Algarve

Immaculate and enchanting, this spacious 4 bedroom villa is ideally located on the sea front, in a quiet and secure plot of 10,326m2 in Carvoeiro. With a vast total living area of 345m2, featu...

REF: 217389
  • Floor Size: 345 square metres
  • Plot Size: 10,326 square metres (1.03 hectares / 2.55 acres)
  • Bedrooms: 4
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