Ombria Resort, Loule , Algarve, Portugal
1 - 2 Bed | 1 - 2 Bath
From EUR 781,200
Key Details
Ombria Resort, Loule , Algarve, Portugal
The Algarve is Portugal’s southernmost region and the country’s premier holiday destination with a year-round balmy climate. It is known for its beautiful golden beaches, breath taking cliffs, golf resorts and numerous other attractions. Whitewashed fishing villages on low cliffs overlooking sandy coves were transformed in the 1960s.
The eastern Algarve is bordered by Spain and is stunningly beautiful. The central coast between Lagos and Faro is renowned for its wonderful villas, hotels, bars and restaurants. The region's western Atlantic coast and rugged interior are less developed and equally enchanting.
Note: Prices include FF&E and VAT
Payment Terms
The standard payment terms for the Viceroy Residences at Ombria Resort is as follows, however this may be altered to suit each individual buyer:
Viceroy Residences:
Purchase Process:
Once you have selected the property that you wish to buy, you should seek advice from an accountant or financial advisor, and you should select a lawyer to help you with the contracts and legal paperwork. There are several different ownership options available, e.g. buying in the buyer’s own name or in the name of a company. Each option will have different legal and tax implications; therefore, it is important to consider each option and get legal and tax advice on them. The procedures and legal acts involved in acquiring a property in Portugal are as follows:
Property Reservation: a Reservation Form is signed between the buyer and the seller, or their legal representatives, as a receipt for a down payment, usually refundable (the value of which may vary depending on the acquisition value of the property)
Fiscal/tax number: the buyer must obtain a fiscal number (Numero de Contribuinte) at any tax office (Finanças) in order to open a bank account in Portugal
Promissory Contract: the promissory contract (CPCV – Contrato de Promessa de Compra e Venda) is signed between the buyer and seller, on which all contractual terms are stated, including the payment terms. Usually, the payment of an agreed to percentage of the acquisition value is due at this stage. Depending on what’s agreed, there can be several stage payments.
Public Deed: once the property is finished and all legal documents are in place, legal ownership is transferred by signing the Deed (Escritura) in an official Notary’s Office or another entity.
Final Registry: after the Deed, the Notary will register the new owner of the property at the Estate Registry (Conservatória do Registo Predial) and at the Tax authority (Autoridade Tributária).
Services & Benefits: Owners benefit from a comprehensive range of support services. Resort management: Structures and communal areas repair and maintenance: roads, gardening, landscape. Indoor and outdoor common areas: lighting, heating, cleaning, waste disposal, 24h security system including cctv.
Property management: House maintenance, pool and garden maintenance, housekeeping. Concierge: Organising excursions, sports and activities, private parties, shuttle service to beach, airport transfers, childcare, room service.
Rental programme: Sales, marketing and management of properties within the rental pool.
Disclaimer 1:
The information set out above (“Information”) on the Ombria Resort (“Ombria”) and Viceroy Residences (together “Properties” and the term “Property” shall be construed accordingly) does not purport to contain all the information that a prospective buyer may require or desire in deciding whether or not to proceed with the purchase of a Property at Ombria.
Prospective buyers should form their own assessment and take independent professional advice on the investment in Ombria and/or any Property and the legal, regulatory, tax and investment consequences, merits and risks of doing so. Prospective buyers should not construe the Information as legal, tax, financial, investment or accounting advice regarding acquiring a Property.
No representation or warranty, express or implied, is or will be given by Sphere Estates or its affiliates, advisers, directors, employees or agents and, without prejudice to any liability for, or remedy in respect of, fraudulent misrepresentation, no responsibility or liability or duty of care is or will be accepted by Sphere Estates, its directors, employees or agents as to the fairness, accuracy, completeness, currency, reliability or reasonableness of the Information or opinions contained herein or any other written or oral information made available to any prospective buyer or its advisers in connection with a Property at Ombria. In particular, but without prejudice to the generality of the foregoing, no representation or warranty is given as to the enforceability of rental programme guaranteed yield offered by the developer in relation to a Property referred to above.
Disclaimer 2:
Viceroy at Ombria Resort, Algarve, and the Viceroy Residences at Ombria Resort, Algarve, are not owned, developed, sold or marketed by Viceroy Cayman, Ltd., Viceroy International Holdings Ltd. or any of their respective affiliates (collectively, “Viceroy”). QdO Hotel SA, the developer of Viceroy at Ombria Resort, Algarve, uses the “Viceroy” name and marks in and in connection with “VICEROY AT OMBRIA RESORT, ALGARVE”, “VICEROY RESIDENCES AT OMBRIA RESORT, ALGARVE”, “VICEROY RESIDENCES AT OMBRIA RESORT” and “VICEROY AT OMBRIA RESORT” under a limited license from Viceroy. The VICEROY RESIDENCES AT OMBRIA RESORT are not offered to individuals who reside in the United States, entities that are organised under the laws of the United States, or to persons or entities located in the United States. This is not an offering or solicitation in any jurisdiction where prohibited by law or where prior registration or other legal requirements are required but have not been attained.
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