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Villa – Lagoa, Faro, Portugal

1,300,000 €
£1,100,000
  • Total area
    2,630 m²
  • Land area
    2,630 m²
  • Bathrooms
    5
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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: 7
  • Balcony or terrace
  • Furnished
  • Swimming pool
  • Garden
  • Car parks

This is a luxury villa with a brilliant atmosphere, located between the local towns of Porches which is famous for its local pottery and Armação de Pêra with it's wonderful beaches. Secluded within it's own mature and landscaped gardens, there is a very tranquil feel immediately as you enter the grounds of this property. The main villa is reached by a sweeping Calçada (local cobble stones) driveway with parking for several cars in addition to the garage. There is a bright entrance hall leading to the Lounge which has a log burning fireplace and patio doors to the garden, the kitchen is fully fitted with granite work surfaces & integrated appliances and new kitchen installed, it has a breakfast bar to the lounge and patio doors to a covered outdoor dining terrace. There are 2 bedrooms on this level both with built in wardrobes and patio doors and there is a full family bathroom. There are a further 4 bedrooms upstairs with a large master bedroom with separate lounge area with log burner and air-conditioning. Both the bedroom and the lounge area have patio doors to a large balcony with views over the pool area. Opposite the master bedroom is a stunning bathroom with walk in shower, vanity counter and balcony. The remaining 3 double bedrooms also have built in wardrobes and patio doors to the terrace and a shared shower room. All bedrooms have ceiling fans to keep you cool in the summer. Outside this property is a charming, fully mature garden, fully irrigated and easily maintained. There is a large private swimming pool and a separate, solar heated children's pool with feature fountain. There are several seating areas to choose from depending on the mood as well as a built in Bar and BBQ areas. For additional entertainment outdoors, there is table football and pool table. The final bedroom is self contained and accessed via patio doors from the pool terrace, this bedroom has air-conditioning and an en-suite bathroom. Below the main villa, nestled in it's own shaded garden is a 2 bedroom cottage with traditional wooden ceilings. The cottage consists of a lounge with log burning fireplace and patio doors to the terrace, an arch leads from the lounge to the kitchen which has integrated appliances and is large enough for a breakfast table. Both bedrooms have ceiling fans and patio doors to the gardens. There is a very nice shared shower room with walk in shower. Outside the cottage there is a spacious terrace with a covered dining area, built in Bar, BBQ and bread oven as well as further terrace space for dining and sun loungers. The mature gardens are fully irrigated and also low maintenance. Both properties are being sold fully furnished and equipped, therefore ready to move into. A fantastic opportunity for a large family to occupy the main villa with the separate cottage for visiting family and friends or holiday rentals. Alternatively the cottage can be utilized as the main residence whilst the main villa could generate fantast

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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      How to buy property with Tranio

      Enquiry

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      Meeting the partners

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      Transaction closure

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      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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