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Villa – Faro (city), Faro, Portugal

650,000 €
£550,000
  • Total area
    365 m²
  • Land area
    365 m²
  • Bathrooms
    3
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    Price per sqm increase 7.28% over 2020*

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    Location with high rental demand

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    Residence permit for the entire investor's family

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    The opportunity to acquire Portuguese citizenship

*According to globalpropertyguide.com

These residence permit conditions are effective until the end of 2021. Close a deal by the end of November to get all necessary paperwork for a residence permit done in time.

Features
  • Total rooms: 3
  • Balcony or terrace
  • Swimming pool
  • Garden

This 3 bedroom villa is part of a new development in the Luz de Tavira region. Construction is well underway and is being managed by a highly experienced developer, one who has completed and sold multiple units through Ideal Homes previously. There will be a total of 4 villas, each with their own private pool, landscaped gardens and a carport — accessible by electric gates. Comprised of 3 bedrooms, 3 bathrooms, along with an open plan lounge and kitchen which leads straight out into the garden. Currently being designed with luxury furnishings and high quality products, this developer has taken feedback from previous developments and is implementing them into this one, making this their best one yet — ticking all the boxes when it comes to convenience, quality and build. The kitchen will be fitted with all the necessities although more appliances/items can be installed at a later date at an extra cost. This particular property has 2 parking spaces. All villas enjoy spectacular sea views, are close to all needed amenities and public transportation can be found just a short walk away. Located at just 5 mins into the centre of Tavira and only 20 minutes to Faro airport, you couldn’t be anymore conveniently placed. Whether you’re looking for a retirement home, holiday home, to relocate or quite simply wanting to make an extra income through rental investments, no need to look any further. This is the one for you! Tavira is one of the oldest Moorish towns in Eastern Algarve, concealing a charismatic heritage until this day, becoming one of the finest resort towns in the area. The town extends along the river banks of Gilão, where Moorish influences beautifully compliments de deep-rooted Portuguese traditional culture. Explore the magnificent buildings and historic churches along the river through the cobbled streets, take a taxi-boat and dive into the Caribbean-Like Islands of Cabanas and Barril located just off the main town.

Extra opportunities

The investor obtains a Portuguese residence permit by purchase of real estate worth at least €500,000. Our team at Tranio will help to make a deal remotely, collect a set of documents, and make an application.

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    Inna Shchukina
    Inna Shchukina,
    Senior property selection advisor
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    Safe haven: Portuguese residency by investment
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      Ekaterina Maslova
      Ekaterina Maslova,
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      How to buy property with Tranio

      Enquiry

      Send us an enquiry with an approximate description of the property or investment project you’re interested in.

      Meeting the partners

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      Offer selection

      We will help you to select suitable options. Tranio does not charge a commission for this — the property price remains the same as if you contacted our partner directly.

      Viewing tour

      You then view the property or properties you have chosen. Our partners or agents from Tranio's European offices will meet you in situ.

      Transaction closure

      Having chosen the best property, you will sign the sales or investment agreement (for development).

      FAQs

      • Can I get a mortgage abroad?

        It depends on the country. For example, German banks willingly offer mortgages to foreigners at 1.5-2 % per annum with LTV up to 70%. Spain offers less favourable terms: the minimum rate for foreigners is 2.5% per annum. The situation is different in Greece: although the law does not prohibit banks from issuing loans, in practice, Greek banks don’t issue loans to local nor foreign property buyers. You can learn about the mortgage terms in your preferred country by contacting Tranio’s local agents.

      • How does the purchase procedure work?

        The purchase procedure depends on the country where you buy property. Generally, after choosing a property you need to sign a preliminary agreement with the seller and carry out a due diligence of the property by checking the relevant documents and the property's technical condition. After that, all parties sign the sales agreement and the notary registers the transaction. As a rule, the purchase registration costs amount to approximately 10% of the property price.

      • Can a residence permit be obtained by buying property?

        In some countries it is possible. Residence-for-property purchase programmes are known as Golden Visas programmes. Greece, Spain, Latvia, and Portugal offer the most popular Golden Visas in Europe. The Greek residence permit is the cheapest and can be obtained by buying a property worth at least €250,000, while organising all of the documents costs about €19,000. Certain countries offer citizenship to property buyers — for example, an investor can get their hands on a Cypriot passport by buying a property worth at least €2M.

      • How does Tranio make money if your service is free for the clients?

        We share the commission, which the buyer or the seller (depending on the country) pays to our partners — foreign real estate agencies. The price of this service is the same as if you contacted the agency directly — this is an important condition and applies to all of our partnership agreements.

      • Who guarantees the transaction security?

        The transaction security is guaranteed by the notary who draws up the sales agreement and checks the information on the previous and current owners of the property, any outstanding restrictions, mortgage, and third-party encumbrances. Tranio is not responsible for the parties involved in the transaction.

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