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Elite apartment with a garden in a resort hotel with a pool and spa, Cascais, Portugal

1,650,000 €
8,870 € /m²
£1,409,000
£7,575 /m²
  • Total area
    186 m²
  • Land area
    257 m²
  • Bedrooms
    3
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    Price per sqm increase 5.83% over 2020*

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    Location with high rental demand

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    Residence permit for the entire investor's family

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    The opportunity to acquire Portuguese citizenship

*According to globalpropertyguide.com

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
  • Sea at 2,000 m
  • Balcony or terrace
  • Furnished
  • Swimming pool
  • Garden
  • Car parks

Apartments in an elite complex in Cascais.

The owners of these residences, fully equipped and furnished to the highest quality standards, have the opportunity to take advantage of all the services of the hotel and resort. These services include daily cleaning and towel change, maintenance, use of the pools, SPA & Health Club, etc. They also have a range of discounts and special rates on many of the other services provided by the resort.

All apartments have private storage rooms and access to covered parking.

Estimated annual costs:

  • Condominium: from 3500 to 4000 euros per year
  • Payment for electricity, water and gas: 3000 euros per year depending on personal usage
  • Annual property tax: 1,500/ 2,000 euros
  • Insurance: 1000 euros

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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Interior

The apartment includes a living room, kitchen, 3 bedrooms, a terrace of 45 m², a private garden of 257 m².

Advantages

These apartments can be rented out through the management team (45% income to the company and 55% to the owner) without guaranteed income, but with the right of personal use for a total of 12 weeks: 2 weeks in July/ August; 4 weeks in May/ June/ September/ October; 6 weeks from November to April.

There is also the possibility of a fixed annual income of 60,000 euros, but without the right of personal use by the owner. This method does not allow any use on the part of the owner during the 5-year agreement, and he will be responsible for paying his tenant's expenses (condominium, resort fee, insurance, IMI and taxes).

Location and nearby infrastructure

The complex is ideally located in a beautiful and quiet area in the resort town of Cascais, 2 km from the sea and 21 km from Serra de Sintra, 33 km from Lisbon.

  • Property on the map
    Location right down to the building, street or city
  • Other properties
    Other offers nearby

More properties

If this property wasn’t for you, take a look at other apartments in Portugal or other luxury real estate in Portugal.

You can see more apartments for sale in Cascais elsewhere on our website.

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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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