New Build 4 bedroom Villa for sale in Vilamoura, Algarve
This is a new residential project of just 7 villas reaches new heights with modern design and its integration with the surrounding natural environment. It provides spacious and comfortable living areas suitable for contemporary living, with attention to detail, using top quality materials.
The 237m2 villa is spread over three floors with a private lift, with an open-plan layout, harmonising the living and dining areas and the kitchen equipped with high-quality appliances for greater energy efficiency.
In addition to the spacious suites and livin...
This is a new residential project of just 7 villas reaches new heights with modern design and its integration with the surrounding natural environment. It provides spacious and comfortable living areas suitable for contemporary living, with attention to detail, using top quality materials.
The 237m2 villa is spread over three floors with a private lift, with an open-plan layout, harmonising the living and dining areas and the kitchen equipped with high-quality appliances for greater energy efficiency.
In addition to the spacious suites and living areas, the villa has a wine cellar, a laundry room, a multipurpose room that can be used as an office or even a home gym and outdoors parking for two cars.
At the top of the villa there is a fantastic rooftop with a swimming pool, outdoor leisure and dining area with a barbecue area.
For added comfort, the villa is equipped with LED general lighting, double glazing, hydraulic underfloor heating and air conditioning, a heat pump with solar and photovoltaic panels, ensuring energy efficiency and reducing environmental impact, an alarm system and video intercom.
With an excellent location, in a fantastic area, with all amenities within easy reach - services, diverse commerce, restaurants, bars, cultural and leisure activities and beaches.
Faro International Airport is about 20 minutes away, the A22 highway and the N125 national road are easily accessible.
Plot Area: 131 m2 | 1,405 sq ft
Area: 237 m2 | 2,551 sq ft
Useful area: 193 m2 | 2,073 sq ft
Building Area: 237 m2 | 2,551 sq ft
Energy efficiency: A.
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This Villa is located in Vilamoura 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.