With four bedrooms and two bathrooms this beautiful apartment has a front line view to the Atlantic Ocean. Built in 1999 but recently remodelled the apartment has a fully equipped kitchen with a laundry section, three bedrooms a storage room and closed parking. The apartment offers plenty natural sunlight. Closed gated community.
The Condominium Fee is below 75€ per month.
With the high rental potential, and its marvelous location this apartment is ideal as a holiday home or investment for tourist license.
Near the Formosa Beach, and green and leisure areas inluding promenades, bakeries, pastries, snack bar, restaurants, pharmacy, supermarkets and even a shopping center (Forum Madeira).
Weather – (Normal Temperatures) warm summers and mild winters
Dec - May Between 16º C and 17ºC
June – November Between 19ºC and 20ºC
Funchal is known as europe´S most picturesque and cleanest capital. It is a modern, cosmopolitan, rejuvenated city, well known for its warm climate, top class restaurants, stunning new 4 & 5 star and warm all year round climate and of course its most famous export, world class footballer cristiano ronaldo.
Procedures on buying property in madeira?
Once you have found the right home, made an offer, negotiated the price and it has been accepted promissory contract needs to be prepared by a recommended Portuguese Lawyer and signed by all parties.
Before you are able to sign the purchase contract you will need to obtain a Portuguese fiscal number.
When buying property in Madeira be sure that you budget not only for the purchase price but also purchase taxes, stamp duty and notary fees.
Property Purchase Tax: This is payable immediately, prior to the final purchase deed being carried out.
There is a tax-free limit of €115 509 (one hundred and fifteen thousand and five hundred and nine euros) so for properties under this value no purchase tax is payable.
For properties above this value, there is a sliding scale of up to a maximum of 6% of the purchase price.
If you are purchasing land only, the Property purchase tax is charged at a flat rate of 6.5% – irrespective of the sale value.
Municipality Tax (imi): This is an annual tax for local services such as rubbish collection, roads, schools etc.
Discover the perfect home for you in Madeira, Portugal today!
Prime Properties Madeira Real Estate is a local, well-established, licensed, real estate agency providing a complete service to international buyers looking to invest in Madeira, Portugal whether for holiday homes or permanent living residence. Our properties include villas, houses, quintas, apartments, land and commercial properties. We also offer a property finding service, working with a few select real estate agencies in Madeira to deliver a personalised service through the entire purchase process from viewings, negotiation, legal expertise, mortgages, relocation etc. We pride ourselves on working together to European standards of honesty, integrity and transparency. We provide excellent after sales service.
Energy Rating: C
Total bedroom(s): 3
Net Area: 108
Land Area: 110