Acquiring a Property at Monte da Palhagueira
There are several other advantages to this arrangement. No Government tax (in Portugal this includes SISA Tax and a 2% land registration fee) is payable, and upon termination of the agreement and repayment of the loan, the property reverts back to our original ownership.
This process eliminates the need to sell, avoiding the incumbent expense of estate agents and solicitors’ fees for the resident, whilst also ensuring the continuity of the high standards of maintenance and service facilities within the village for our remaining residents.
Prices range from £95,000 for a 1 bedroom Apartment to £235,000 for a 3 bedroom villa with parking. All payments are made in £ Sterling.
A 20% deposit is required to take the property off the market, with the balance payable prior to occupation. We usually allow up to 3 months for completion.
