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Property for sale in Madeira

260 listings Subscribe to notifications

Sea view

138,000 €
£122,000
Total area 74 m²Land area: 90 m²2 bedrooms1 bathroom

With swimming pool

245,000 €
£217,000
Total area 90 m²Land area: 127 m²2 bedrooms2 bathrooms
Buy-to-let apartment with a guaranteed yield of 5%, in a new residential complex, Lisbon, Portugal

Golden Visa

Furnished

320,000 €
£283,000
Total area 143 m²3 bedrooms3 bathrooms
595,000 €
£527,000
Total area 196 m²4 bedrooms4 bathrooms
675,000 €
£598,000
Total area 147 m²Land area: 182 m²3 bedrooms3 bathrooms
790,000 €
£699,000
Total area 195 m²Land area: 969 m²3 bedrooms4 bathrooms

Turkish passport for buyers of apartments from $250,000

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Ekaterina Maslova
Ekaterina Maslova
Senior Residence and Citizenship Advisor
1,750,000 €
£1,549,000
Total area 487 m²Land area: 812 m²3 bedrooms5 bathrooms

Sea view

550,000 €
£487,000
Total area 140 m²Land area: 201 m²3 bedrooms3 bathrooms
750,000 €
£664,000
Total area 270 m²Land area: 900 m²4 bedrooms4 bathrooms

Sea view

295,000 €
£261,000
Total area 130 m²3 bedrooms2 bathrooms
390,000 €
£345,000
Total area 219 m²Land area: 274 m²3 bedrooms3 bathrooms
1,600,000 €
£1,417,000
Total area 600 m²Land area: 1,200 m²4 bedrooms5 bathrooms
145,000 €
£128,000
Total area 30 m²1 bedroom1 bathroom
Magnificent villa with ocean views in Canico, Madeira, Portugal for 550,000 €
550,000 €
£487,000
Total area 260 m²Land area: 570 m²3 bedrooms3 bathrooms
145,000 €
£128,000
Total area 75 m²2 bedrooms
520,000 €
£460,000
Total area 172 m²4 bedrooms4 bathrooms

Sea view

295,000 €
£261,000
Total area 119 m²3 bedrooms2 bathrooms
1,980,000 €
£1,753,000
Total area 420 m²Land area: 600 m²4 bedrooms6 bathrooms

Sea view

255,000 €
£226,000
Total area 127 m²2 bedrooms1 bathroom
690,000 €
£611,000
Total area 327 m²Land area: 750 m²4 bedrooms6 bathrooms
1,500,000 €
£1,328,000
Land area: 4,000 m²4 bedrooms4 bathrooms
750,000 €
£664,000
Land area: 3,434 m²4 bedrooms4 bathrooms
382,000 €
£338,000
Total area 257 m²Land area: 1,100 m²3 bedrooms4 bathrooms
1-25 of 260 listings, page 1 of 11
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      FAQ about Madeira

      Can foreign nationals take out mortgage loans in Madeira?
      Yes, non-residents can be issued a mortgage loan to buy property in Madeira. Special terms of mortgage lending for non-residents — the loan term up to 75 years of age for the eldest borrower and a down payment of 40–50%. The mortgage rate is a floating one, of 3% for residential properties and 5% for the commercial ones.
      How does the property purchasing process take place in Madeira?
      Before the purchase, it is necessary to hire a lawyer who would help you get the paperwork done. Having chosen the property, you need to open a local bank account and receive a tax identification number.
      First, a preliminary sales agreement is signed, a deposit equalling to 10–30% of the property value is placed, and the municipal taxes are paid. The deposit is non-refundable if the buyer decides not to purchase. All agreements ought to be notarised.
      Between signing the preliminary and main sales agreements, the lawyer completes the property Due Diligence and checks the availability of all the documents for the property. When signing the main agreement, the remaining transaction amount is paid, after which the property can be registered with the land registry office and a title deed can be obtained.
      What property taxes are there in Portugal?
      Property buyers pay a stamp duty (Imposto do Selo, IS) — 0,8% and a title deed transfer tax (Imposto Municipal sobre Transmissões, IMT) — 6,0 – 6,5%. After the purchase, an annual real estate tax (Imposto Municipal sobre os Imóveis, IMI) ranging from 0.3 to 0.8% across property types and municipalities, has to be paid. These three taxes — are everything that is paid by property owners.
      When selling real estate, non-resident owners pay the capital gain tax, chargeable from the difference between the purchase price and the sales price at a rate of 28%.
      The inheritance and gift taxes are not levied from spouses, children, parents and grandchildren, the other categories pay them at a rate of 10% (which is considered low).
      How expensive are the utilities in Madeira?
      The utility costs vary across locations. For example, an average bill for an 50–60 m² apartment totals about € 100-130 per month.
      Can Portuguese residency be obtained through buying real estate?
      Yes, there is a residency by investment or Golden Visa programme in Portugal. Those buying newly or relatively recently built properties for at least € 500,000 and properties built over 30 years ago for at least € 350,000 become eligible for residency.
      How can a property buyer obtain Portuguese citizenship?
      It is possible to apply for permanent residency after five years of residence in the country. After six years of residence it is possible to apply for citizenship. But these procedures are not interrelated. Holding a temporary residence or permanent residence permit does not lead to obtaining citizenship. Only following the rules of stay in the country (over 183 days per year for six years) can give hope for obtaining Portuguese citizenship.
      Can foreign nationals lease real estate in Portugal?
      Yes, of course. The owner's right to administer their property is not limited in any way.
      What types of Portuguese property are better to invest in for rental purposes?
      The most suitable for rental purposes are the flats and apartments located in the resort areas, such as the Algarve, Faro, Lagos, on the entire southern coast and the capital of the country, Lisbon.
      Why do I need to own real estate in Portugal?
      The Portuguese property market is one of the European real estate markets that have been growing most actively over the past few years. Therefore, real estate investments are very profitable in the country.

      Real Estate in Madeira

      The evergreen island is famous for its wonderful subtropical climate - the air temperature in summer is about 25 degrees, in winter - not lower than 16, the water warms up thanks to the warm current, the high season lasts from April to October. Buying a property in Madeira is very attractive.

      Madeira has a free trade zone, offshore companies enjoy the benefits of preferential taxation, companies registered here freely enter the EU market. Real estate in Madeira is most often bought by citizens of Great Britain and Germany. The greatest demand on Madeira Island is property in the city of Funchal, its suburb Garajau and the city of Calheta on the south coast are in greatest demand among buyers.

      Property prices

      Property on Madeira island costs an average of 1 thousand euros / m2, the most expensive housing in Madeira is in the capital and costs up to 2 thousand euros / m2. A house of 500 m2; in Funchal can be bought for 900 thousand euros. The cost of apartments with an area of ​​150 m2 is 200-250 thousand euros.

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      Ksenia Kolesnikova
      Ksenia Kolesnikova
      Real Estate Expert Tranio in Madeira
      +44 17 4822 0039
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