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Terraced house – Lagoa, Faro, Portugal

510,000 €
£430,000
  • Total area
    234 m²
  • Land area
    234 m²
  • 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
  • Total rooms: 4
  • Sea at 100 m
  • Balcony or terrace
  • Garden

a brand new four bedroom townhouse for sale in lagoa, situated within mexilhoeira grande this development is currently under construction with completion due to be complete in 2020. there will be a total of ten new townhouses with the architect allowing parking for twenty one vehicles, offering an average of two spaces per home. thirteen of these will be connected to the property through their own private garages and the remaining eight will be for universal use either by visitors or those with two cars per home. spread across two levels, the main level will comprise of an open plan kitchen equipped with high quality appliances which will overlook the dining area. from here there is open access through to the lounge, both areas have large sliding doors leading onto a spacious private terrace. with such an excellent location, panoramic views of the rio arade can be enjoyed from the comfort of your own home. on the main floor you will also find a bedroom with an en-suite bathroom, fitted wardrobes and access to a veranda. there will also be a guest toilet and a spare room to use however you want — whether it be an office or transform this into another bedroom. on the lower level there will be two bedrooms, both of which come equipped with private en-suite bathrooms, the master bedroom will have a spacious walk-in wardrobe where as the spare bedroom will have fitted wardrobes. both rooms will be able to access the private garden. a private roof terrace will be available, providing a great spot to soak up the algarvian sunshine all day long or a place to enjoy some al-fresco dining while taking in the stunning views. a jacuzzi will come installed on the roof terrace offering another way of unwinding from a long day. additional features will include a central vacuum system, underfloor heating, air-conditioning for the warmer summer days and heating for the cooler winter evenings.

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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    Location right down to the building, street or city

More properties

If this property wasn’t for you, take a look at other terraced houses for sale in Portugal.

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

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    Inna Shchukina
    Inna Shchukina,
    Senior property selection advisor
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    Safe haven: Portuguese residency by investment
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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

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      Offer selection

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      Viewing tour

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      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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