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Villa – Vila do Bispo, Faro, Portugal

680,000 €
£576,000
  • Total area
    477 m²
  • Land area
    477 m²
  • Bathrooms
    3
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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: 2
  • Balcony or terrace
  • Swimming pool
  • Garden
  • Car parks

Ultra-modern villa for sale in Vila do Bispo, currently under construction it is situated in the picturesque southwest corner of both Portugal and Europe. Close to a variety of excellent beaches and the popular surfing destination of Sagres, this villa is ideal for those looking to escape to the Algarve’s most-relaxed area or as a great rental investment. Offering ultimate relaxation to suit all tastes, this villa is comprised of two bedrooms both equipped with en-suite bathrooms, one of which has a walk-in shower whereas the other has a whirlpool bath. Pre-installation for a Jacuzzi can be found on the terrace making the setup quick and easy if you wish to have one. Both of the bedrooms have access to the terrace which overlooks the stylish swimming pool, garden and barbecue area and also enjoys spectacular countryside views. On the ground floor there is a light and airy open-plan kitchen, living and dining room. A separate laundry room and a garage are also provided with the option to make an additional bedroom as everything is provided including a closet and another bathroom. Air conditioning, thermal floor heating and double glazing is provided throughout and the swimming pool is heated making the villa ideal for use all year round. This type of villa is a rare find in the area and would make a relaxing retreat away from the crowds in the bigger resorts whilst enjoying some of the best weather in the Algarve. Close by is spectacular scenery and the stunning beaches of Zavial, Ingrina, Aljezur and Carrapateira. Vila do Bispo itself is a peaceful village offering a small selection of cafes and restaurants and also the beautiful Igreja Matriz de Nossa Senhora da Conceição church and attractive village square. A greater selection of amenities are available less than a half an hour’s drive away in the larger popular tourist resorts of Luz and Lagos.

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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      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

      After clarifying your enquiry, we will introduce you to our partners and/or local agents.

      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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