Immaculate 3 bedroom Villa for sale with sea and panoramic views in Santa Barbara de Nexe, Algarve
Tastefully finished using top quality materials, this superb apartment has a living area of 305m2, which features, on the entrance level: entrance hall leading into a huge 80m2 open living/dining room with a welcoming and very spacious open plan modern kitchen, with all necessary appliances and a lots of cabinets. There is a modern "loft style" lift which connects all levels from the ground floor to the rooftop terrace.
Upstairs: 3 large en-suite bedrooms, each with built-in wardrobes, large windows and high ceilings. All bathrooms are very ...
Tastefully finished using top quality materials, this superb apartment has a living area of 305m2, which features, on the entrance level: entrance hall leading into a huge 80m2 open living/dining room with a welcoming and very spacious open plan modern kitchen, with all necessary appliances and a lots of cabinets. There is a modern "loft style" lift which connects all levels from the ground floor to the rooftop terrace.
Upstairs: 3 large en-suite bedrooms, each with built-in wardrobes, large windows and high ceilings. All bathrooms are very spacious with a lot of natural light.
Roof terrace, which is accessed via staircase with steps embedded in the wall covered in wood: large area with amazing panoramic views of Santa Barbara de Nexe and Algarve beaches. There is a salt water swimming pool and a barbecue area.
The apartment has insulated walls and roof, along with underfloor heating (hot and cold), solar panels, double glazed windows and external doors of high quality with tilt and turn opening, increasing the energetic efficiency of the house. Pre-installation for air-conditioning is foreseen throughout. There is also a garage for 1 car.
It's a huge loft apartment of 305m2, easy to live right in the centre of the marvellous typical village of Santa Barbara where all the shops are open during the whole year.
Situated just a 15-minute drive from Faro International Airport, beautiful beaches and the best golf courses.
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This Villa is located in Santa Barbara de Nexe 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.