Frontline 5 bedroom Villa for sale with sea view in Parque da Floresta, Vila do Bispo, Algarve
This superb front line property is situated at Golfe Santo Antonio (formerly Parque da Floresta), and offers the perfect blend of modern elegance and comfort.
The interior features spacious and stylishly designed living and dining rooms, a fitted modern and equipped kitchen, 5 good size bedrooms with fitted wardrobes and 5 bathrooms.
With a convenient location just 15 minutes from Lagos to the east and Sagres to the west and with an 18 hole golf...
This superb front line property is situated at Golfe Santo Antonio (formerly Parque da Floresta), and offers the perfect blend of modern elegance and comfort.
The interior features spacious and stylishly designed living and dining rooms, a fitted modern and equipped kitchen, 5 good size bedrooms with fitted wardrobes and 5 bathrooms.
With a convenient location just 15 minutes from Lagos to the east and Sagres to the west and with an 18 hole golf course on the doorstep, this villa offers the perfect balance of seclusion and accessibility.
The property has undergone extensive remodelling with no expense spared. It looks and feels like a new build. It now conforms to the highest industry standards with excellent levels of thermal comfort that means the large internal areas can be enjoyed year round.
This wonderful home benefits from all modern conveniences and is very low maintenance maximising time for leisure activities.
As well as golf, the Algarve is blessed with some of the worlds finest beaches and plenty of activities both on and offshore. Portugal has a rich heritage and an enviable lifestyle with traditional values and is now established as one of the most desirable countries to live in.
Don't miss the opportunity to make this exquisite property your own. A property of distinction that is a fine family home with plenty of room for visiting guests.
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This Villa is located in Vila do Bispo 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.