Legal information about buying

From Dream to Reality – The purchase process:

Comporta Signature are artisan developers offering tailored turn-key villas on demand only.

 

The standard yet flexible process is as follows:

  • Preliminary gentleman’s agreement:

 

Is a mere memorandum of understanding covering the business model and process agreed by the purchaser and the developer, such as:

  • Size and space of future house
  • Traditional concrete construction or green-friendly with modern structure
  • Approximate budget
  • Schedule

 

  • Plot selection:

The developer is due to preselect a choice of locations according to budget for the purchaser’s final choice.

 

  • Plot Purchase:

The purchaser is free to directly buy the plot selected or to ask the developer to buy it for him. Both options are valid.

 

  • Simultaneous to the plot transaction the parties establish the development contract that includes:

 

  • Agreement of the construction and interior design projects
  • Licensing
  • Works contractual schedule
  • 35% down payment on estimate previously agreed
  • 35% as per construction progress
  • 30% when delivery

 

  • Orientating schedule:
  • For traditional concrete 12 to 15 months
  • For green-friendly technology 8 to 9 months

 

From Dream to Reality – Budgets and projections

 

  • Land in Comporta is rare, and strictly regulated planning wise:

 

  • Maximum 500m2 per villa
  • Maximum ground-floor plus one
  • Average construction 3 to 4% per square meter of land

 

That makes the cost of land usually equivalent or superior to the construction cost.

But that precisely makes Comporta unique as a green-friendly low-density refuge.

Prices typically go from:

– 300,000€ for small plots in urbanised villa condos

– About 1million€ for 50,000m2 semi rustic. Plot for one villa maximum

 

  • Construction:

Tailored individual villas are what original unique paintings are to printed posters, in terms of:

 

  • Construction specs
  • Architecture and interior design
  • Green-friendly qualities

 

Therefore, what Comporta Signature is offering is a global expertise to create unique homes under a concept. We are not trying to compete with big developers working on formatted models, and our offer is “soul included for discerning buyers.”

 

  • Construction Prices:

Our average preliminary quotes go as per specs and requirements from 4.000€ to 5.000€ per covered area square metre.

 

That includes:

  • Project
  • Licences
  • Urbanisation (plot services)
  • Landscaping
  • Domotics
  • Swimming Pool
  • Management
  • Insurances
  • First occupancy licence

 

That does not include:

  • Land
  • Interior Design
  • Specific requirements such as security system, heated pool, polarised glazing, etc…

 

  • Interior Design:

Is actually subject to case-by-case specs. Under all circumstances clients will benefit from the discounts our designer obtains from suppliers.

 

  • Promissory Contract:

Is at purchaser’s disposal simultaneously to MOU’s issuing

 

  • Discovery Weekend:

As soon as your intention to acquire on demand a luxury tailored property in Comporta is getting mature, we shall gladly organise and coordinate your discovery weekend in collaboration with our travel agent partner in every European capital.