New Build 3 bedroom Villa for sale with countryside view in Caldas da Rainha, Central Portugal
This property is one of a project of 4 traditional houses in a quiet location. The kitchen, dining and living space are in one large open area with high ceilings. This provides a great sense of space and lots of light. Adjacent to the living area is a separate guest WC which is definitely an added value to the Portuguese home.
There are 3 bedrooms including 1 with an en-suite bathroom with shower, sink and WC. The remaining 2 bedrooms share a family bathroom.
Outside are 2 covered terraces, a barbecue area and a privat...
This property is one of a project of 4 traditional houses in a quiet location. The kitchen, dining and living space are in one large open area with high ceilings. This provides a great sense of space and lots of light. Adjacent to the living area is a separate guest WC which is definitely an added value to the Portuguese home.
There are 3 bedrooms including 1 with an en-suite bathroom with shower, sink and WC. The remaining 2 bedrooms share a family bathroom.
Outside are 2 covered terraces, a barbecue area and a private pool.
The technical room and a separate guest bathroom with shower, sink and WC, are through the garden which is completely walled or fenced and includes an enclosed garage.
The outside facade is really in the Portuguese style while the inside of the house is modern.
Furthermore, the house also has pre-installation for air conditioning and there is double thermal glazing in aluminium throughout. It has a total area of 805m2 and building area of 205m2.
The property is very conveniently located. 10 minutes from Sao Martinho do Porto and Caldas da Rainha, 5 minutes from Salir do Porto and Foz do Arelho and 1h10 minutes drive to Lisbon.
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This Villa is located in Caldas da Rainha 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.