CASE STUDY - Client Study – Goldcrest
Navigating Unexpected Turns: Selling an Apartment in Coimbra
Client Background
Our clients, a couple from Bermuda, were captivated by the charm of Portugal, specifically the historic city of Coimbra. Drawn by its rich culture and serene lifestyle, they decided to invest in a newly constructed apartment with the intention of relocating to Portugal in the future. However, life took an unexpected turn, and they decided to move to the UK instead. Maintaining the apartment in Portugal no longer aligned with their plans, leading them to the decision to place the property back on the market before its construction was even complete.
Our Approach
Partner Collaboration
We leveraged our strong partnerships in Coimbra to identify potential buyers interested in assuming the contractual position for the apartment purchase.
Developer Coordination
Engaged proactively with the developer to ensure the contractual change was acceptable and all terms were clearly communicated.
Legal Expertise
Introduced the clients to experienced lawyers who meticulously analyzed the tax implications of the sale and structured the transaction to minimize financial losses.
Targeted Promotion
Created a marketing plan tailored to highlight the apartment’s potential and appeal despite its incomplete status.
The Solution
Through a combination of diligent efforts and trusted partnerships, we successfully secured a buyer within two months. The new buyer was aligned with the unique conditions of the transaction, and the developer’s approval for the contractual transfer was obtained without delays. Additionally, the legal team’s guidance ensured the transaction was seamless and optimized to reduce financial impact for the clients.
About The Area
Coimbra, known as Portugal’s city of knowledge, is a hub of history, education, and culture. The apartment’s location was particularly appealing due to its proximity to the city’s vibrant community and its reputation as a desirable place for families and retirees.
Combining urban amenities and serene surroundings, Coimbra remains a magnet for international buyers.
Client Gains
Despite the unforeseen change in their relocation plans, the clients benefited significantly from our comprehensive support:
Rapid Problem Resolution
The apartment was sold within two months, a remarkably short timeline given the complexities of the transaction.
Stress-Free Experience
Our collaboration with trusted partners and legal experts alleviated the clients’ stress, providing them with clear communication and solutions every step of the way.
Trust in Expertise
The clients expressed gratitude for the seamless handling of the transaction, highlighting the professionalism and efficiency of the process.
Find Your Dream Property with Us
This case highlights our commitment to delivering exceptional results for our clients. By leveraging our local market expertise and maintaining unwavering dedication, we helped our client secure a high-yield investment in Portugal.
Whether you're looking to diversify your portfolio or explore lucrative opportunities in the Portuguese real estate market, our team is ready to assist you in achieving your investment goals.