Vale do Lobo Property
Location and history of Vale do Lobo
Vale do Lobo, famous as probably Europe's finest golf and beach resort, is situated in the Algarve in the south of Portugal. Established in 1962, the Vale do Lobo resort has gone from strength to strength, with further investment introduced yearly. The resort offers outstanding leisure facilities and a large choice of stunning property, from townhouses and apartments to luxury villas, with more phases being completed to offer the discerning property buyer his or her dream home within a first class development, which has been designed to offer residents all the amenities they may need. These include first class restaurants, designer shopping, banking, supermarkets, bars, nightclubs, art and cultural diversions and medical services.
There are opportunities to purchase either new, resale, off-plan and custom-designed properties within the development, with most skirting the resort's two golf courses with stunning views. There is a full management service to take the headache out of owning a second home abroad.
A number of future projects are planned including major oceanfront and golf developments.
There is a 24 hour security presence with resort safety a priority. This is backed up by a widespread CCTV network.
Vale do Lobo golf
Vale do Lobo is the largest luxury golf property development in Portugal and probably one of Europe's finest. Situated 20 minutes from Faro and its international airport, it combines unspoilt surroundings with a very well planned collection of urbanisations. It is home to two golf courses - Royal and Ocean. The Royal Golf Course is a stunning and acclaimed par 72 course sitting among lakes and pine trees with beautiful views of the coast, whilst the Ocean Golf Course is a par 72 course sited almost on the beach, with unrivalled ocean views.
The Vale do Lobo resort offers various facilities for the golfer, including a club house, golfing academy, golf shop, driving range and putting greens. There is also a tennis centre with 14 courts, tennis academy, beach facilities, laundry, resturants, shops, gymnasium, medical centre, health and beauty centre and widespread transportation.
Vale do Lobo Property
We market a range of properties within the Vale do Lobo developments, from studio apartments to large villas. Whether you are looking to retire, own your own holiday home or invest in a major tourist development, Vale do Lobo will almost certainly offer the ideal property. Designed with the local architectural styles in mind, the developments fit well into the Portuguese landscape with the emphasis very much on enhancing but not destroying the local natural environment. With sea and golf views, the Vale do Lobo property developments offer truly comfortable living within easy reach of life's necessities.
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.
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.
Set on over an acre of beautiful landscaped gardens, enjoying breathtaking sea views from the large terrace, is this exceptional 6 bedroom villa with expansive pool and tennis court. On th...
- Plot Size: 5,000 square metres (0.50 hectares / 1.24 acres)
- Bedrooms: 6
PRICE REDUCED - Spacious and modern 4 bedroom south facing villa locate close to the resorts of Vale do Lobo and Quinta do Lago and just a few minutes from the beach and a wide variety of amenities, i...
- Floor Size: 460 square metres
- Plot Size: 1,150 square metres (0.12 hectares / 0.28 acres)
- Bedrooms: 4
This superb villa in a quiet area of Val do Lobo surrounded by mature trees in an elevated position with gorgeous ocean views. The traditional style villa with modern interior comes with just o...
- Floor Size: 367 square metres
- Plot Size: 1,275 square metres (0.13 hectares / 0.32 acres)
- Bedrooms: 3
Traditionally style 3 bedroom villa, situated in a quiet area of the resort, yet within easy reach of all facilities, with spacious accommodation throughout and stunning views across the golf course t...
- Floor Size: 242 square metres
- Plot Size: 950 square metres (0.10 hectares / 0.23 acres)
- Bedrooms: 3
Enjoying uninterrupted sea views is this fantastic 4 bedroom modern villa with pool and garden, located in a peaceful area near the beach and all amenities in Vale do Lobo Surrounded by forest,...
- Floor Size: 314 square metres
- Plot Size: 528 square metres (0.05 hectares / 0.13 acres)
- Bedrooms: 4
New project for a contemporary 5 bedroom villa, ideally situated in a quiet setting yet just a couple of minutes walk to Vale do Lobo golf club reception and 5 minutes to the Praca and beach. ...
- Plot Size: 1,800 square metres (0.18 hectares / 0.44 acres)
- Bedrooms: 0
Surrounded by beautiful landscaped gardens is this bright and traditional 4 bedroom villa with pool, located near the beach and all amenities in Vale do Lobo. This charming property has a ...
- Floor Size: 194 square metres
- Plot Size: 720 square metres (0.07 hectares / 0.18 acres)
- Bedrooms: 4
A very attractive villa with 4 bedrooms and quality finishings close to the renowned resorts of Quinta do Lago and Vale do Lobo. This villa offers spacious accommodation and lovely features ...
- Floor Size: 390 square metres
- Plot Size: 844 square metres (0.08 hectares / 0.21 acres)
- Bedrooms: 4
Built to high quality standards and specifications, this property is located in the new development of Varandas do Lago. The property comprises: 1 en-suite bedroom on the ground floor and 3 fur...
- Floor Size: 386 square metres
- Plot Size: 715 square metres (0.07 hectares / 0.18 acres)
- Bedrooms: 4
This luxury Margarida apartment comes with 232.85m2 of living space with 2 bedrooms and lovely views. Located next to the 12th hole of the Royal Golf Course, the apartment is convenient for all resor...
- Floor Size: 232 square metres
- Bedrooms: 2