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 purchasing process take place when buying an apartment 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.

How can an apartment 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 apartments 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 an apartment 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.

3 Bedroom Apartments for Sale in Madeira from 490,000 €

Show:

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With swimming pool

3-bedroom apartment 184 m² in Seixal

Seixal, Setubal, Portugal

920,000 €

Total area 184 m² · 3 bedrooms · 1 bathroom

With swimming pool

3-bedroom apartment 205 m² in São Martinho

São Martinho, Funchal, Madeira, Portugal

580,000 €

Total area 205 m² · 3 bedrooms · 4 bathrooms

With swimming pool

3-bedroom apartment 183 m² in Seixal

Seixal, Setubal, Portugal

920,000 €

Total area 183 m² · 3 bedrooms

3-bedroom apartment 156 m² in Funchal

Funchal, Madeira, Portugal

650,000 €

Total area 156 m² · 3 bedrooms · 3 bathrooms

Sea view

3-bedroom apartment 285 m² in Funchal

Funchal, Madeira, Portugal

1,450,000 €

Total area 285 m² · 3 bedrooms · 4 bathrooms

Sea view

3-bedroom apartment 160 m² in Funchal

Funchal, Madeira, Portugal

678,000 €

Total area 160 m² · 3 bedrooms · 3 bathrooms

Elvira Gracheva

Head of Sales Tranio Europe

Tranio Projects for Profitable Investments

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Residential complex

Residential complex with swimming pools, a garden, and a gym, Funchal, Portugal

São Martinho, Funchal, Madeira, Portugal

From 580,000 €

Total 112 units available from the developer

Built in 2022

2 bedrooms from 580,000 €

3 bedrooms from 650,000 €

4 bedrooms from 1,480,000 €

Sea view

3-bedroom apartment 170 m² in Funchal

Funchal, Madeira, Portugal

690,000 €

Total area 170 m² · 3 bedrooms · 3 bathrooms

Residential complex

Residential complex with a swimming pool, near the beaches, Setubal, Portugal

Seixal, Setubal, Portugal

From 490,000 €

Total 53 units available from the developer

3 bedrooms from 490,000 €

Similar facilities nearby

Residential complex

New condominium with good amenities between the sea and the mountains in Cascais, Portugal

Cascais, Lisbon, Portugal

From 1,000,000 €

Total 60 units available from the developer

Completion in: 2027.II

2 bedrooms from 1,000,000 €

3 bedrooms from 1,130,000 €

Residential complex

Exclusive villa complex surrounded by a nature reserve, Comporta, Portugal

Comporta, Setubal, Portugal

From 4,300,000 €

Total 15 units available from the developer

Built in 2024

Villas from 4,300,000 €

Residential complex

New complex of turnkey apartments with ocean views in Sesimbra, Setubal, Portugal

Sesimbra, Setubal, Portugal

From 391,000 €

Total 46 units available from the developer

Built in 2026

Studios from 391,000 €

3 bedrooms from 912,000 €

Residential complex

Exclusive residential complex on the banks of the Tagus River, Lisbon, Portugal

Lisbon, Portugal

From 650,000 €

Total 214 units available from the developer

Built in 2025

1 bedroom from 650,000 €

2 bedrooms from 800,000 €

3 bedrooms from 1,600,000 €

4 bedrooms from 1,650,000 €

5 bedrooms from 4,750,000 €

Residential complex

New apartments in a complex with a swimming pool and spa, Lisbon, Portugal

Lisbon, Portugal

From 770,000 €

Total 63 units available from the developer

Completion in: 2027.I

2 bedrooms from 770,000 €

3 bedrooms from 980,000 €

Furnished

Designer apartment in a historic building, central Lisbon, Portugal

Lisbon, Portugal

Price on request

3 bedrooms · 2 bathrooms

Residential complex

Modern residential complex with a garden and a parking in the center of Lisbon, Portugal

Lisbon, Portugal

From 290,000 €

Total 52 units available from the developer

Built in 2026

Studios from 290,000 €

3 bedrooms from 1,200,000 €

Residential complex

New residential complex of modern villas with swimming pools in Cascais, Portugal

Cascais, Lisbon, Portugal

From 2,642,000 €

Total 13 units available from the developer

Built in 2026

Villas from 2,642,000 €

Residential complex

Three-level townhouses in a renovated building a few steps from the Tagus River, Lisbon, Portugal

Lisbon, Portugal

From 1,300,000 €

Total 5 units available from the developer

Built in 2024

3 bedrooms from 1,300,000 €

Residential complex

Modern apartments with terraces, a swimming pool and river view, Belem, Lisbon, Portugal

Lisbon, Portugal

From 1,100,000 €

Total 57 units available from the developer

Built in 2021

3 bedrooms from 1,100,000 €

Residential complex

Apartments in a modern residential complex with swimming pools, Cascais, Portugal

Cascais, Lisbon, Portugal

From 1,200,000 €

Total 15 units available from the developer

3 bedrooms from 1,200,000 €

Residential complex

Buy-to-let apartments with a guaranteed yield of 5% in a modern residential complex, Belem, Lisbon, Portugal

Lisbon, Portugal

From 770,000 €

Total 97 units available from the developer

Built in 2021

1 bedroom from 770,000 €

3 bedrooms from 2,500,000 €

Four-room new apartment overlooking the Tagus River, Belem, Lisbon, Portugal

Lisbon, Portugal

1,750,000 €

Total area 174 m² · 3 bedrooms · 3 bathrooms

Three-bedroom buy-to-let apartment with a guaranteed yield of 5%, in a newly-built residential complex, Lisbon, Portugal

Lisbon, Portugal

2,500,000 €

Total area 260 m² · 3 bedrooms · 3 bathrooms

Comfortable apartment with a yield of 5%, Algarve, Portugal

Faro City, Faro, Portugal

1,295,000 €

3 bedrooms · 3 bathrooms · Yield 5.0%

Sea view

3-bedroom apartment 198 m² in Grândola

Grândola, Setubal, Portugal

1,270,000 €

Total area 198 m² · 3 bedrooms · 2 bathrooms

Sea view

3-bedroom apartment 198 m² in Grândola

Grândola, Setubal, Portugal

1,270,000 €

Total area 198 m² · 3 bedrooms

Residential complex

Apartments overlooking the Tagus River in a new complex, Belen, Lisbon, Portugal

Lisbon, Portugal

From 630,000 €

Total 150 units available from the developer

Built in 2022

1 bedroom from 630,000 €

2 bedrooms from 720,000 €

3 bedrooms from 1,750,000 €

3-bedroom apartment 130 m² in Lisbon

Lisbon, Portugal

1,890,000 €

Total area 130 m² · Land area: 160 m² · 3 bedrooms · 3 bathrooms

3-bedroom apartment 121 m² in Carcavelos

Carcavelos, Lisbon, Portugal

775,000 €

Total area 121 m² · Land area: 134 m² · 3 bedrooms · 3 bathrooms

3-bedroom apartment 121 m² in Carcavelos

Carcavelos, Lisbon, Portugal

795,000 €

Total area 121 m² · Land area: 134 m² · 3 bedrooms · 3 bathrooms

3-bedroom apartment 125 m² in Carcavelos

Carcavelos, Lisbon, Portugal

785,000 €

Total area 125 m² · Land area: 138 m² · 3 bedrooms · 3 bathrooms

3-bedroom apartment 121 m² in Carcavelos

Carcavelos, Lisbon, Portugal

755,000 €

Total area 121 m² · Land area: 134 m² · 3 bedrooms · 3 bathrooms

3-bedroom apartment 125 m² in Carcavelos

Carcavelos, Lisbon, Portugal

765,000 €

Total area 125 m² · Land area: 138 m² · 3 bedrooms · 3 bathrooms

3-bedroom apartment 135 m² in Leiria

Leiria, Portugal

635,000 €

Total area 135 m² · Land area: 150 m² · 3 bedrooms · 3 bathrooms

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3 bedroom apartments for sale in Madeira