Wow factor 5 bedroom Villa for sale with countryside view in Vila Nova de Cacela, Algarve
in Monte Rei Resort, Algarve.
The huge floor-to-ceiling windows not only flood the space with natural light, but also give direct access to the pool area, creating a harmonious flow between indoor and outdoor living.
A vast open-concept space on the main floor seamlessly integrates the fitted kitchen, dining room and living room. The modern kitchen features a central island, perfect for casual dining and entertaining. It also contains two beautifully deco...
in Monte Rei Resort, Algarve.
The huge floor-to-ceiling windows not only flood the space with natural light, but also give direct access to the pool area, creating a harmonious flow between indoor and outdoor living.
A vast open-concept space on the main floor seamlessly integrates the fitted kitchen, dining room and living room. The modern kitchen features a central island, perfect for casual dining and entertaining. It also contains two beautifully decorated en suite bedrooms.
The second floor has three generous en suite bedrooms, facing south and with stunning sea views, all designed for comfort and privacy. The highlight of this floor is the beautiful terrace that connects all the rooms, where there is a Jacuzzi in a serene setting.
Surrounding the property is a beautiful, low-maintenance landscaped garden with amazing infinity pool, and the garage has space for 2 vehicles..
Throughout the villa, the high-quality decor and modern design elements feature simple lines and a sophisticated aesthetic.
Located in the prestigious Monte Rei Resort, this luxurious villa offers a unique combination of elegance, comfort and stunning natural beauty.
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Where is this property?
This Villa is located in Vila Nova de Cacela 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.