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Villa – Quarteira, Faro, Portugal

3,445,000 €
£2,904,000
  • Total area
    1,909 m²
  • Land area
    1,909 m²
  • Bathrooms
    7
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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: 5
  • Balcony or terrace
  • Swimming pool
  • Garden

A spectacular five bedroom villa for sale in Vila Sol, situated close to Vila Sol's Plaza it has easy access to a variety of cafes and bars along with a bistro, mini-market, beauticians and more. If you are looking to move permanently to the Algarve, or own a holiday home whilst generating an income through rentals this property suits all types of investments. Currently under construction, it will be spread across two floors with the added bonus of a private underground basement. The ground floor will invite you into a large entrance hall which will lead you to an office for those who work from home, or tend to bring their work home with them, it will also lead you to a spacious, open plan living room that will be equipped with an ecological gas fireplace and will provide enough room for a dining area. A top of the range kitchen will also be located on the ground floor and will come equipped with top of the range fixtures, fittings and appliances ensuring a pleasurable experience while whipping up a delicious breakfast, lunch or dinner. With large glass windows this room will be exceptionally bright due to the natural sunlight. From here, as well as the living room, you will be able to access to a private garden which will have landscaped green areas and a generous private swimming pool, and for those who love grilling up a feast, there will be ample room to incorporate an outdoor BBQ in a summer kitchen. Two of the five bedrooms will be on the ground floor and will both be equipped with en-suites bathrooms, one of which has been adapted for someone with a wheelchair ensuring comfort and convenience for all. A guest bathroom will also be available for any friends or family who come to visit. An illuminated staircase will take you to the first floor where you will find the remaining three bedrooms, all come equipped with their own en-suite bathrooms, fitted wardrobes and access to private terraces. The basement will offer private parking underground which is great in warmer summer months as it means when you first get into your car it will be cooler than what it would if left outside. This area will also provide space for the incorporation of a games room, gymnasium or anything else you would like to include. An elevator will be installed for easy access between floors, so whether you have a large amount of shopping bags to bring up from the car or have difficulty maneuvering up the stairs due to a disability, the lift ensures anyone and everyone can move freely around the property. A villa such as this, in a fantastic location, is great for any type of investment, whether you’re looking to relocate, retire, holiday or look to make an additional income. Extremely child friendly, peaceful, a great spot for golfers year round and for those wanting a romantic break, Vila Sol offers a quality of life unique to its location. Property for sale in Portugal has always been in high demand within this area, for all types

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,
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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

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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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