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Villa – Vila do Bispo, Faro, Portugal

1,200,000 €
£1,030,000
  • Total area
    1,250 m²
  • Land area
    1,250 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
  • Balcony or terrace
  • Swimming pool
  • Garden
  • Car parks
  • Sea view

*** Online Sale — Recently reduced from 1,400,000€! *** A unique four bedroom villa for sale in Vila do Bispo, Western Algarve. Situated on the side of a hill with stunning views from all floors, this property has a lot to offer and would make a fantastic home for relocation, holidays or as a rental investment with plenty of space to accommodate large groups or families. Located in the small hamlet of Budens on the border of the Costa Vicentina natural park, this property enjoys a tranquil setting whilst being easily accessible to the N125 national road and the seaside resorts of Burgau and Salema. Comprised of three floors with a loft space, this villa has plenty of space to accommodate large groups. On the ground floor you will find the open plan living room with a fireplace, dining room, fitted kitchen, laundry, bathroom and one bedroom. There is also access to a terrace where you can relax and take in the beautiful sea view. On the second floor are two further bedrooms, one walk-in wardrobe and a bathroom with a bath and a walk-in shower. Yet more stunning views of Praia das Cabanas Velhas are visible from this floor. In the loft space are two more rooms ideal for housing guests and there is also the possibility to have an office or study separate from the main villa with its own bathroom. Designed to be comfortable all year round, the property benefits from air conditioning, central heating, underfloor heating and double glazing. All rooms have a thermostat so that you can adapt the temperature within each room accordingly. Within the garden you will find a good sized swimming pool and pool house with a kitchen and bathroom which makes it ideal for hosting friends and family and enjoying the lovely Algarvian climate. Automatic irrigation of the garden is an additional benefit and there is a further space for storing gardening materials. Just a short walk to the beach, this villa is an ideal investment for those looking to live or spend holidays in an enviable location within this beautiful part of the Algarve. This area is also popular with tourists making it an ideal rental investment. Several resorts and small towns are within easy driving distance including the old fishing village of Burgau. Now mainly thriving on tourism, picturesque Burgau has traditional cobbled streets, white-washed fishermen’s cottages and the beautiful Praia de Burgau which is surrounded by hills. The popular surfing destination of Sagres is within easy reach too as is the village of Vila do Bispo which, despite its small size, has a surprising array of shops, bars and restaurants.

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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