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Villa – Olhos de Água, Faro, Portugal

1,375,000 €
£1,173,000
  • Total area
    220 m²
  • Land area
    226 m²
  • Bedrooms
    2
  • Bathrooms
    2
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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
  • Balcony or terrace
  • Golf course

House T2 + 1 inserted in luxury resort belonging to an exclusive semi-detached villas of contemporary style. On the ground floor an open plan kitchen, an interior patio with wooden deck, a spacious living room and a balcony. On the first floor there are 2 bedrooms with private bathrooms and an office that has been converted into a bedroom. Excellent finishes and equipment. These magnificent villas are framed around a vast area of gardens, swimming pools and lake, creating a very particular environment. The 3- and 4-bedroom semi-detached apartments/villas reflect a perfect symbiosis between architecture and interior design, resulting in an elegant and contemporary style. Here, the magnificent blue of the Algarve sky blends with the clear waters of a tranquil water mirror, flowing around a vast area of gardens and pools. In addition to being able to enjoy all the facilities of the Resort, the owners benefit from the tranquility of an exclusive environment. As an owner of the resort, you will be entitled to special discounts in restaurants, bars, golf course, beauty salon, children's village, tennis courts, shops, etc. The information referred to is not binding and does not dispense with the consultation of the documentation of the property.

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

      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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