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Villa – Lagos, Faro, Portugal

2,450,000 €
£2,074,000
  • Total area
    800 m²
  • Land area
    800 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: 4
  • Balcony or terrace
  • Internet
  • TV
  • Swimming pool
  • Garden

A sensation four bedroom villa for sale in Lagos, designed and constructed by the renowned architect Mario Martins this property offers a contemporary design throughout. Situated within a quiet area in one of Lagos most exclusives districts you will be able to sit back and relish in the panoramic ocean views on offer, not just in one room but in all! Due to the almost frame less glazed windows and doors, you can be assured your stunning views will not be comprised unnecessarily. Comprised of bright and open spaces, this villa will come equipped with everything you would want and expect from a property of this calibre, including full air-conditioning and ”rainwater“ showers throughout, thermostatically controlled underfloor heating (with a heat pump if desired for an additional cost), and solar panels which will heat up the water enabling you to be more eco-friendly. There will also be a mechanical ventilation system to prevent any dampness in the property if you choose to use as a summer vacation and leave it vacant for a few months of the year. A full WiFi network will be installed with the capability of enjoying whilst being poolside, the latest in recessed LED lighting technology will be available along with a PIR motion sensor alarm system and external security cameras which can be accessed via your smartphone whenever and wherever you want. An ultra-modern and tech savvy opportunity for those who enjoy the finer things in life. A property such as this is mainly seen on TV programs or spy movies like James Bond, but this is one of a kind to its area and will be a great place for you to escape from time to time when you’ve been working extremely hard and are looking for a break. A large basement will provide plenty of space for various vehicles with enough room to install a private gym if desired, or you can even create an additional bedroom or study if wanting to create a peaceful space to get away with no interruptions. A laundry room will also be installed on this floor. Porto de Mós is the immediate surrounding area and is great as it has something to offer all ages. For the sports enthusiasts there are various water sports such as windsurfing, wake-boarding, kayaking, diving, sailing as well as surfing, and for those looking to kick back and relax there are plenty of places to visit in town. Why not take a cruise from the marina or simply unwind on some of the Algarve’s most photographed beaches? Lagos is a western town in the Algarve, best known for its iconic beaches and sandy coves of Dona Ana and Camilo. The cliffs of Ponta da Piedade boasts fantastic views across the town's lighthouse. In the centre the church of Santo António standing since the 18th century, sitting across the baroque facade castle and old watchtowers, the Castelo dos Governadores, one of the town's most ancient features.

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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      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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