New Build 5 bedroom Duplex for sale in Martinha, Estoril, Central Portugal
Situated within an exclusive and private condominium with unique characteristics due to its environment, in a discreet setting and in a prestigious area of Estoril Cascais.
This estate is divided into 3 blocks with different entrances, with just 4 apartments per block, all of which are duplex with 4 to 6 bedrooms and with areas of between 250 and 309m2.
The ground floor apartments benefit from private gardens with areas of between 250 and 535m2 and the first floor apartments have a bright and large terrace (40m2). All apartments have 2 rooms,...
Situated within an exclusive and private condominium with unique characteristics due to its environment, in a discreet setting and in a prestigious area of Estoril Cascais.
This estate is divided into 3 blocks with different entrances, with just 4 apartments per block, all of which are duplex with 4 to 6 bedrooms and with areas of between 250 and 309m2.
The ground floor apartments benefit from private gardens with areas of between 250 and 535m2 and the first floor apartments have a bright and large terrace (40m2). All apartments have 2 rooms, 1 on the entrance floor with about 55m2 and a second room on the upper floor, with areas between 42 and 62m2.
An excellent solution to create different environments adapted to the lifestyle of each house - games room, cinema room, library, office, by an old and high stone wall, for greater peace and security.
Close to Estoril Golf, a few minutes from Estoril Centre - casino, beaches, services, shopping centres and the best international schools. Close to the access to the A5, 28km from Lisbon International Airport.
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This Apartment is located in Estoril 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.