Italy – Lake Como

Colico

Waterfront Condominium –

Lake View

Price: $601,000 Bedrooms: 2 Bathrooms: 1 Sq. Ft.: 775 Property Type: Condo

In the characteristic town of Colico, in a very central position & just 50 meters from Lake Como. The ground floor solutions have access to large porches directly overlooking the private garden, & in the basement, there is a spacious double garage. On the first floor, the apartments have large terraces overlooking the lake & additional rooms & terraces on the attic floor. The sale of all units includes high-quality materials, & high-quality windows. There is an agreement between the selling company & a prestigious furniture company allowing the possibility to customize the finishes & purchase other high-quality furnishings at excellent prices. The residence will have a large communal garden & a large infinity pool overlooking the lake with its relaxing beach, solarium area, outdoor shower, & shared bathrooms.

The step-by-step process for buying a house in the Algarve, Portugal

Buying a house in the Algarve is not a cost, but an investment, because you are investing in one of the best regions of Portugal, visited by thousands of national and foreign tourists every year, due to the exceptional climate, the wonderful beaches and many other natural beauties. But the Algarve also has a vast historical and cultural heritage, delicious cuisine, good infrastructure, commerce and services, excellent levels of security... and all for a cost of living well below the European average! So, you have every reason to decide to buy a house in the Algarve. The Algarve is an excellent area to live and spend vacations and, therefore, a very sought after region for global investors who wish to invest under incentive programs, such as the Golden Visa. From apartments with sea view to villas with swimming pool by the mountains, you will find the house of your dreams without difficulty

​Step One | Set a Budget

You can find both affordable apartments and luxury villas, so the first step to buying a house in the Algarve is to really set a realistic and feasible budget.

Step Two | Choose the area you want to live in

The whole Algarve region is famous for its beaches, warm climate and quality of life, but you still need to understand whether you prefer to live in a more cosmopolitan city or in a more peaceful rural area.

Step Three | Define the type of house you want to buy

Is a studio apartment enough or does your family need a 4 bedroom in the Algarve? Hmm... perhaps a villa or even a plot of land to build the property of your dreams? The choice of housing type and typology is important to move on to the next step of buying a house in the Algarve.

Step Four | Search... or find a partner who will do the research for you!

Now, with the area and type of house you want in mind, it's time to start your research. However, if you want to receive expert support during this process and find your dream property in record time, just contact me to assist you through the whole process!

Step Six | Making an offer on your dream home

Have you found the perfect home for your family? With my support, you will always make the right offer and have a better chance of success!

Step Seven | Gather all documentation

The next step is to gather or ask your intermediary to gather all the documents of the property: legal description, utilization license, house blueprint, the housing technical sheet, energy certificate...

Step Eight | Signing the preliminary agreement

The preliminary agreement is a document in which the two parties involved (seller and buyer) confirm the intention to buy/sell the property until the moment of the deed. To prepare the preliminary agreement you must present your Citizen Card or passport, proof of NIF or Portuguese tax number and pay a deposit, agreed previously. Therefore, if you need a housing loan to buy a house in the Algarve, it is advisable to deal with the bank before the preliminary agreement, because the bank will require the presentation of other documents, such as location and fraction plan, usage permit, land registry, income declaration, etc.

Step Nine | Getting the house deeded

Today is the day! The day the sale is formalized with the completion of the deed and full payment of the property. But don't forget to pay the Municipal Tax on Transactions (IMT) and the Stamp Tax (IS) for the property! And a few days later, don't forget to collect the deed from the respective notary's office!

With my support during this process, you will not have to worry about any of the points above! In addition to not wasting time visiting properties that do not align with your expectations, you will always have the appropriate advice, which will make the visiting process smoother, focused and

Algarve New Development –

Golden Visa Opportunity

Price: $307,000

Bedrooms: Bathrooms: Sq. Ft.: Property Type: Land

Ponte do Vau is a new 275-room beachfront hotel project that will bring five-star luxury & glamour to Praia do Vau, one of the iconic beaches of Portimão. The developer, a well-regarded company with a strong track record in Portugal, is seeking investors who will each invest €280,001 in the project. This investment will qualify the investors to apply for the Portugal Golden Visa for themselves & their families. Holders are required to spend just seven days in Portugal each year. The developer will provide investors with an annual seven-night stay in one of its properties to meet the annual presence requirement. After Year 5, Golden Visa holders can apply for permanent residence or citizenship.

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Algarve

Luxurious Modern Villa –

Golf Course Front

Price: $3,010,000 Bedrooms: 5 Bathrooms: 5 Sq. Ft.: 4,950

Property Type: Modern Villa

This luxurious detached modern villa under construction is oriented towards the front line of Penina Golf. Throughout the house, the rooms are spacious & have been designed to provide easy flow, optimum comfort & enjoyment. High ceilings, a spacious entrance hall, a generous living & dining area, comfortable bedrooms & outdoor space with its terraces, a tranquil dry & Zen garden. One of the characteristics of this house, apart from its contemporary architecture, is its total privacy On the ground floor, the house has a generous hall, kitchen/living/dining rooms, a master suite, three more suites & a cinema room. Each suite has a wardrobe or dressing room. From the entrance hall, stairs lead to the first floor with another master suite, consisting of a large bedroom, its walk-in wardrobe & a beautiful bathroom.

Why Invest In Dubai Real Estate:

Population growth

Dubai is one of one world’s rapidly growing cities with an increasing rate of approximately 10.7% annually. Because of its natural beauty, world-class infrastructures, and continuous economic growth, it is considered a top choice for global property owners. There are more than 120 nationalities living in Dubai and it is amazingly keeping up with the fast population growth. Dubai’s stability in terms of economy and politics makes it an excellent choice for real estate investments.

Freehold areas

Foreign investors can purchase properties in several freehold areas in Dubai. Buying a freehold property in Dubai is beneficial to non-GCC residents and citizens as it allows them to have complete ownership of the property. They can sell, lease, or live in the property and it can be inherited by an heir.

Tourism Hub

Dubai is one of the most visited cities because of its ultramodern architecture, luxurious lifestyle, beautiful beaches, and connectivity to the rest of the world. It is also the best shopping destination for its designer and luxury brands from across the globe.

Investor Visa

An Investor Visa is applicable to foreign nationals who have a minimum investment of AED 1,000,000 for a freehold property in Dubai. It helps preserve investor confidence as this gives them access to come and go as they wish within the duration of the visa.

Safe City

Dubai’s competitiveness in terms of safety in different aspects is top-notch. It plays a big role in attracting more expatriates and investors to the emirate. Dubai used its advanced fundamentals on safety especially in handling the global pandemic, COVID-19.

Sustainability

Dubai maintains environmental, economic, and social sustainability through passive approaches focusing on operational efficiency without conceding future generations’ ability to meet their needs. Strategies are executed in ways that do not harm the long-term environmental, economic, and social balance.

State-of-the-art developments

Known for its extraordinary skyline of tall skyscrapers, Dubai features impressive residential and commercial developments that stand out. Thousands of investors believe that investing in Dubai real estate is indeed a golden opportunity as it displays revolutionary architecture, economic stability, and social diversity.

Buying a property in Dubai is quite straightforward, please consult with me, and I will make sure everything is handled with great care and efficiency.

Sunny Mehta

Global Real Estate Advisor

321.395.9809 sunny.mehta@evrealestate.com www.sunnymehta.evrealestate.com