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Huge villa with a pool, a garage and a garden in Portimao, Faro, Portugal

1,475,000 €
£1,243,000
  • Land area
    5,050 m²
  • Bedrooms
    6
  • Bathrooms
    4
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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
  • Balcony or terrace
  • Golf course
  • Swimming pool
  • Garden
  • Car parks

Outside the villa is surrounded by mature, landscaped gardens with computer controlled irrigation system. The private swimming pool (13x7m) has a large terrace surround with ample space for sun loungers, a barbecue area and shaded outdoor dining area. The lower garden has large lawn spaces, mature planted borders and fruit trees and there is plenty of space for tennis courts. The property is fully fenced with an electric, main entrance gate and an additional entrance gate to the lower gardens. There are outdoor store rooms as well as technical rooms for pool maintenance, borehole and irrigation systems.

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

There is a spacious entrance hall leading to a lounge with fireplace and patio doors to the pool and gardens, a separate dining area, the kitchen is fully fitted, there is ample space for a breakfast table and a walk in pantry. Also on the ground level is an octagonal office and 2 bedrooms with built-in wardrobes and patio doors. Both bedrooms have en-suite bathrooms.

The upper level is reached via a wooden staircase leading to the additional bedrooms. Each bedroom has built-in wardrobes and patio doors to a shared terrace. There is an additional octagonal room on this level which could be utilized as a 6th bedroom, reading room or studio.

The basement area extends to the full size of the house and consists of a large games room with cinema area, seating area with a log burning fire place, plenty of space for gym and a shower room. there is also a basement garage, two storage rooms and a utility/laundry room.

Advantages

Although situated in a very quiet residential area it is 10 minute drive to the superb long sandy beach, rolling sand dunes and variety of restaurants. Also within a 5 minute drive is the famous golf course and Faro airport is approximately 45 minutes drive.

  • Property on the map
    Location right down to the building, street or city
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    Inna Shchukina
    Inna Shchukina,
    Senior property selection advisor
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      Ekaterina Maslova
      Ekaterina Maslova,
      Senior Residence and Citizenship Advisor
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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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        Head of Sales
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