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Villa – Silves, Faro, Portugal

530,000 €
£447,000
  • Total area
    375 m²
  • Land area
    375 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: 3
  • Balcony or terrace
  • Golf course
  • Swimming pool

A modern three bedroom villa for sale in a quiet area of Pêra in the Central Algarve, Offering a private swimming pool and sea views, this villa would make a lovely place to live or to take holidays with lots of opportunity to relax and enjoy the beautiful surroundings. It would also make a lucrative rental investment capitalising on the close proximity to beaches, tourist attractions and everything else that the area has to offer to tourists. Nearing the end of construction, this contemporary villa has two floors and a practical layout. On the ground floor is a large living area with an outside terrace that leads to the swimming pool area. There is also a dining room and a kitchen, all of which are open-plan spaces designed to easily accommodate groups of friends or family for meals or drinks. Other additions to this floor include a laundry room, a separate WC and a bedroom with en-suite. On the first floor you will find two more bedrooms both of which are en-suite and have built in wardrobes. Equipped with air conditioning throughout, a fireplace with stove and thermo-regulating glass for the doors and windows, this villa is designed to retain a comfortable temperature for use all year round. There is also pre-installation for a barbecue, washing and drying machines, solars panels, armoured doors and Hydrocork floors. Pêra is just a short two minute drive from the natural reserve of Lagoa dos Salgados — home to lagoons, a bird reserve and golf course. Both Albufeira and Portimão are within a fifteen-minute drive providing easy access to multiple shopping centres, restaurants, markets, a buzzing nightlife and top attractions including Zoomarine, Aqualand, Fiesa and Albufeira marina. Nobel International School is approximately a ten minute drive away, with Faro airport, Vilamoura and other International schools approximately thirty minutes. The closest beach, Salgados, is either a five minute drive or thirty minute walk away and is perfect to enjoy a beautiful day out on the Algarve. Being so coastal this villa is close to both the A22 and N125 providing it with a highly sought after location that is great for exploring the Algarve, relocating permanently to Central Algarve, or wanting to own somewhere to holiday while renting out for short term rentals — an easy way of generating additional income.

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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      How to buy property with Tranio

      Enquiry

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      Meeting the partners

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      Transaction closure

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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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