Townhouse Property, for sale in Obidos, Lisboa, Portugal.

Property Description

2 Bedroom townhouse property for sale in Obidos, Portugal. This property is situated in a luxury golf and spa resort and benefits from car parking and private courtyard/garden. The Townhouses are sets of houses in a single plot, sharing a large garden area and swimming pool. With a maximum of two floors, the houses are all covered in greenery and have private courtyards and a private garden area. The townhouses are one, two or three bedroom houses, some with covered parking or a private garage.

The Reservation Process:

The reservation process is simple; the process starts with a small deposit of €5.000. After the reservation, there are 30 days to exchange papers and sign contracts; the buyer has 8 days to renounce without any losses.

After the exchange of papers the process is different for plots and for townhouses.

For a Plot, the buyer must pay:

•   20% of the price at the exchange of papers;
•   a second payment of 15% is due six months after the initial payment;
•   a third payment of 15% is due 6 months after the second.

The remaining 50% is due with the execution of the public deed, 18 months after the exchange of papers.

For a Townhouse, the buyer must pay:

• 15% with the exchange of papers,
• 25% six months after the construction starts, and 60% with the      execution of the public deed

In relation to the construction of villas, the buyer must pay for the construction license when it is issued, followed by 15 equal consecutive monthly instalments, the first of which is due 15 days after the payment of the Construction License. This first instalment shall coincide with the start of the construction work by the contractor. The value of each payment is determined by the simple division of the total construction price into 15 monthly instalments. VAT is due over construction price.

Prices start from £247,709

If you like more information on our property for sale in Portugal or have any questions about buying property in Portugal then please feel free to contact us. You can also find more information about property in Portugal in our knowledge base.

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