Three-storey villa overlooking the bay and the city of Lagos, Faro, Portugal

2,495,000 €

£2,147,000

Land area
2,163 m²
Bedrooms
6
Bathrooms
8

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Features

3-floor building
Balcony or terrace
TV
Swimming pool
Garden
Car parks
Sea view

The 12x6 m infinity pool comes with a child-safe electric cover and is heated through a heat pump, an outside shower and toilet, and a jacuzzi. From the games room you enter a large 3 car garage with a plant room containing a central vacuum system, water softener and 2x1000 litre water tanks connected.

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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Interior

A large vaulted entrance hallway living and dining area the kitchen, the lounge area with a log burner, a separate laundry with washer and dryer and lots of storage, covered barbecue area which has space for 8 people to dine alfresco, a conservatory, two guest bedrooms, four large bedrooms each with an en-suite bathroom.

On the basement level of the house is an entertainment space with a full-size snooker table, table tennis, sauna, mini gym and cinema with a projector and big screen tv, a bathroom and a kitchen with a bar area, a climate-controlled wine cellar.

Equipment

natural oak floors
air conditioning
underfloor heating
surround sound

Property on the map

Location right down to the building, street or city

More properties

If this property wasn’t for you, take a look at other houses in Portugal or other luxury real estate in Portugal.

You can see more houses for sale in Lagos elsewhere on our website.

Get a residence permit in Portugal with property purchase from 500,000 EUR.

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.