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Villa – Lagos, Faro, Portugal

2,000,000 €
£1,693,000
  • Total area
    4,500 m²
  • Land area
    4,500 m²
  • Bathrooms
    8
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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: 6
  • Balcony or terrace
  • Golf course
  • Swimming pool
  • Garden
  • Car parks

A modern six bedroom villa for sale in Vale da Lama, close to the popular resort of Lagos. Situated next to the Palmares Golf Course, this villa offers lovely sea and river views as well as six en-suite bedrooms, eight bathrooms and generous living areas making it ideal for hosting friends or family or accommodating guests. It would also make an ideal rental investment as this area is popular with holidaymakers. In addition to the six en-suite bedrooms, there is a large living room and dining room, office, pantry, laundry room and lovely terraces. Along with the gorgeous 11 metre heated and south-west facing swimming pool, the villa also boasts a basement garage for 8 cars and a separate room for storage or conversion to a games room, cinema or gym. The spectacular top-floor terrace with its fantastic sea and river view and Jacuzzi is the ultimate space to relax and take in the wonderfully calming surroundings. Around the property is a lovely garden with a well for irrigation and a fruit tree plantation. Additional benefits include central heating, underfloor heating, air conditioning and double-glazing, all of which mean that the villa retains a comfortable temperature and can be in use all year round. Oak doors, a surveillance system, automatic irrigation, sound system and central vacuum system are additional benefits of this modern and hi-tech property. Located just 10 minutes from the beautiful Lagos Marina with all of its bars and amenities and next to Praia do Vale da Lama, everything that you and your guests could possibly need to enjoy your stay is close at hand. Lagos is a fantastic town in the western Algarve that can certainly be enjoyed by all age groups. Lagos is full of historical interest, but it is also a vibrant town with lots going on — the main square Praça de Gil Eanes is in the middle of town and is the setting for evening entertainment throughout the year — a comical unicyclist, live music or a medieval fair are just some of the events to be enjoyed. There are several streets leading off Praça de Gil Eanes, with a variety of restaurants and bars to suit all tastes! Mortgage simulation: Term/ Period — 30 years/,360 months Purchase Price — 2,000,000€ Deposit/ Down Payment — 400,000€ (20%) Finance Amount — 1,600,000€ Interest Rate — 0.9% Monthly Payment- 5073.07 € Mortgage simulation: Term/ Period — 40 years/,480 months Purchase Price — 2,000,000€ Deposit/ Down Payment — 400,000€ (20%) Finance Amount — 1,600,000€ Interest Rate — 0.9% Monthly Payment — 3970.49€

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

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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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