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Which types of properties can I choose from?

We specialise in luxury homes – from apartments and semi detached villas to plots for custom builds. There are around 1,500 homes in the resort and plans for 500 more andwe operate an optional but essential main-tenance and property management service.

What would the starting price be for new Vale do Lobo properties? • Studios from €256.000,00 • Apartments from €693.000,00 • Townhouses from €695.000,00 • Linked villas from €925.000,00 • Plots for custom designed villas from €1.150.000,00

How does the purchasing procedure work? What are the steps of the process?

After choosing a property, a reservation agreement is signed and then secured, gen-erally with a 10% deposit, while the promis-sory contract is prepared by the Vale do Lobo Legal Department and your solicitor. Com-pletion is scheduled to be signed before an official notary.

What costs can I expect when buying a property in Portugal?

In Portugal, the purchase of a prop-erty implies a property transfer tax called IMT, which for any existing property over €500.000,00, will be rated at 6%. Plots of land are rated at 6.5% and VAT is then charged on the property’s construction costs.

Are there any early taxes involved in ownership?

IMI is the yearly tax on property in force in Portugal. This is charged, within the Coun-cil of Loulé, at 0.4% for new properties.

Other investment costs:

When buying a property in Portugal your investment expenses can amount up to 10% of purchase price broken down as follows: • Lawyers fees: 0.5% - 1% of property transaction • Notary, registration and or mortgage stamp duty 1%-3%

Can I rent my property?

Luxury properties are required for the Vale do Lobo portfolio pro-viding owners the opportunity to achieve additional revenue. A full range of property management services is also available.

What golfing benefits are available to Property Owners?

Many Vale do Lobo residents become Golf Club members to enjoy the friendly atmosphere at the Club and Vale do Lobo Proprietors’ Club members are entitled to 55% discount on green fees. Members can par-ticipate in daily competitions and both the courses offer a challenging game. Non members and guests are always welcome.

Will Vale do Lobo re-sell my property later on?

Yes, Vale do Lobo has a successful track record with re-sales and the Sales Team will promote and sell the property for you, using their specialist skills and experience in Vale do Lobo real estate.

Data within the article was correct at the time of going to press. Please check with the Vale do Lobo Real Estate Office for any updates.

Find out more about Real Estate in Vale do Lobo:

Real Estate Department

T: +351 289 353 101 Email: realestate@vdl.pt www.valedolobo.com