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Villa – Quarteira, Faro, Portugal

1,280,000 €
£1,083,000
  • Total area
    800 m²
  • Land area
    800 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: 4
  • Balcony or terrace
  • Furnished
  • Golf course
  • Swimming pool
  • Garden
  • Car parks

We are proud to present to you this luxury villa for sale in Vila Sol, Situated in Central Algarve, Vila Sol is a prestigious area home to a renowned award winning golf course and many luxury properties. Multiple cafes, restaurants, bars, a mini market, beauticians and more can be found just a short walk away, making this a prime real estate investment. Spread across a 800 m² plot, this property is sold fully furnished and is comprised of four bedrooms and three bathrooms. Upon entry you are greeted by a grand staircase with intricate and unique details on the railings, from here you are lead into a lovely open plan living room and dining area. Decorated beautifully throughout, the lounge area has a fireplace with a built-in ventilated air-conditioning and heating system — which is in place for the whole property. This space provides multiple patio doors that lead out onto the private gardens. A fully fitted kitchen is available and offers premium appliances along with an island which can be used for the slightly more informal meals such as breakfast or brunch. This room also has patio doors that lead out to a covered terrace area. A large storage area as well as a laundry room can both be found on the ground floor. Upstairs there are three bedrooms, all equipped with built-in wardrobes, and electric shutters. A couple of the bedrooms and the landing have been fitted with wooden floors. There is also a large terrace that connects the three double rooms providing each with a place to sit back and enjoy the sunshine. Outside, the property is surrounded by well maintained gardens, a private swimming pool and a BBQ area. It is also fully fenced with access garnered through electric gates that provide access to a large garage which is so big it could hold up to five cars. Solar panels are also available. A short drive from this villa will take you the well known Aqua Show Park, or the vibrant marina and beaches of Vilamoura, along with the more Portuguese cultured Quarteira. Faro airport is only a twenty-five minute drive away.

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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