Immaculate 2 bedroom Apartment for sale with sea view in Altura, Castro Marim, Algarve
This magnificent property is set in an ecological 5-star resort on the sea front with direct access to the beach. Fully equipped and elegantly decorated with organic and traditional materials, in tune with the colours and tones of the irresistible Eastern Algarve landscape. It is in full communion with nature, with terraces, parking and private gardens.
In a modern and elegant style, this unique property has large areas, an open-plan fitted kitchen, a spacious living room with direct access t...
This magnificent property is set in an ecological 5-star resort on the sea front with direct access to the beach. Fully equipped and elegantly decorated with organic and traditional materials, in tune with the colours and tones of the irresistible Eastern Algarve landscape. It is in full communion with nature, with terraces, parking and private gardens.
In a modern and elegant style, this unique property has large areas, an open-plan fitted kitchen, a spacious living room with direct access to the balcony, en-suite bedrooms and high-quality finishes.
This unique and original ecological resort offers all the amenities and services, security and luxury infrastructures, especially the swimming pool, restaurant, reception, market, kids club, as well as tennis courts, paddle and a gym.
Nearby there are several golf courses and activities such as fishing, boating and surfing. Harmoniously integrated with the natural landscape, this unique resort extends over more than 80 hectares, with direct access to the most beautiful and unspoilt beaches in the Algarve.
Close to all amenities and essentials, 2 kilometres from the Via do Infante motorway and 45 minutes from Faro International Airport.
There is a garage for one vehicle.
FEATURES:
Luxurious apartment Resort Spacious areas Balcony Parking Swimming pools Kids Club Nature Direct access to the beach.
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This Apartment is located in Castro Marim 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.