Stylish 4 bedroom Villa for sale in Albufeira, Algarve
Situated just 100 metres from Praia dos Alemaes, this picturesque property comprises a fitted kitchen, which is fully equipped and has plenty of storage space. The kitchen leads into the large dining and living room completed by the fireplace and the large window with access to the lush garden.
Outside, there is parking for two cars, two fantastic terraces and a cosy garden, perfect for outdoor leisure time with family and friends.
On the second floor, there is also a terrace for the master bedroom, which faces west. The ...
Situated just 100 metres from Praia dos Alemaes, this picturesque property comprises a fitted kitchen, which is fully equipped and has plenty of storage space. The kitchen leads into the large dining and living room completed by the fireplace and the large window with access to the lush garden.
Outside, there is parking for two cars, two fantastic terraces and a cosy garden, perfect for outdoor leisure time with family and friends.
On the second floor, there is also a terrace for the master bedroom, which faces west. The east and west exposure of the house guarantees natural light throughout the day, which makes it very cosy and comfortable, both in summer and winter.
The basement is perfectly habitable and could be used in a variety of ways, such as another living area, or a leisure area such as a games room or similar.
With a privileged location, it has easy access to the N125 national road, the entrance to the A22 freeway, but is also close to the centre of Albufeira. Restaurants, bars, cultural and leisure activities are easy to access.
As it is also next to the beach, this villa is an excellent choice for those who want to be close to all amenities, without having to travel by car on a daily basis.
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This Villa is located in Albufeira 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.