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 a house 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 house totals about € 100-130 per month.

Can Portuguese residency be obtained through buying a house?

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 house 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 houses 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 houses 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 a house 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.

Houses with pool for sale in Madeira

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Fantastic villa with stunning views of the ocean and the city in Funchal, Madeira, Portugal for 790,000 €

Fantastic villa with stunning views of the ocean and the city in Funchal, Madeira, Portugal

790,000 €

£695,000

Total area 195 m² / 2099 ft²Land area: 969 m² / 10430 ft²3 bedrooms4 bathrooms

New furnished villa with a swimming pool and picturesque views, Funchal, Portugal for 1,750,000 €

New furnished villa with a swimming pool and picturesque views, Funchal, Portugal

1,750,000 €

£1,541,000

Total area 812 m² / 8740 ft²Land area: 812 m² / 8740 ft²3 bedrooms5 bathrooms

Portugal's «Golden Visa»

Share in pending hotel development in Algarve with buy-out in six years

280,000 € · 70% shares already sold out

Legal for Russian citizens;
Residence permits for investor's spouse and children;
Application for citizenship in five years.

Historic villa with a swimming pool, a garden and a view of the sea in a prestigious area, Funchal, Portugal for 2,500,000 €

Historic villa with a swimming pool, a garden and a view of the sea in a prestigious area, Funchal, Portugal

2,500,000 €

£2,201,000

Total area 1200 m² / 12917 ft²Land area: 1200 m² / 12917 ft²4 bedrooms5 bathrooms

Exclusive two-storey villa with panoramic ocean views, Madeira, Portugal for 1,980,000 €

Exclusive two-storey villa with panoramic ocean views, Madeira, Portugal

1,980,000 €

£1,743,000

Total area 420 m² / 4521 ft²Land area: 600 m² / 6458 ft²4 bedrooms6 bathrooms

Furnished villa with a swimming pool and a garden, Funchal, Portugal for 1,500,000 €

Furnished villa with a swimming pool and a garden, Funchal, Portugal

1,500,000 €

£1,320,000

Land area: 4000 m² / 43056 ft²4 bedrooms4 bathrooms

Furnished traditional villa with a panoramic view of the ocean in a quiet prestigious area, Funchal, Portugal for 1,590,000 €

Furnished traditional villa with a panoramic view of the ocean in a quiet prestigious area, Funchal, Portugal

1,590,000 €

£1,400,000

Total area 720 m² / 7750 ft²Land area: 720 m² / 7750 ft²5 bedrooms4 bathrooms

Discounted homes upon request

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Furnished villa with a swimming pool and a garden in a quiet area, close to the sea, Funchal, Portugal for 1,300,000 €

Furnished villa with a swimming pool and a garden in a quiet area, close to the sea, Funchal, Portugal

1,300,000 €

£1,144,000

Total area 770 m² / 8288 ft²Land area: 770 m² / 8288 ft²4 bedrooms5 bathrooms

3 bedrooms; 4 bathrooms; Pool; Garden; Garage; Sea view for 995,000 €

3 bedrooms; 4 bathrooms; Pool; Garden; Garage; Sea view

995,000 €

£876,000

Total area 482 m² / 5188 ft²Land area: 482 m² / 5188 ft²4 bathrooms

High-quality villa with a swimming pool, a garden and a guest house in a picturesque area, close to the center of Funchal, Portugal for 1,750,000 €

High-quality villa with a swimming pool, a garden and a guest house in a picturesque area, close to the center of Funchal, Portugal

1,750,000 €

£1,541,000

Total area 3000 m² / 32292 ft²Land area: 3000 m² / 32292 ft²5 bedrooms4 bathrooms

Three-storey villa with a swimming pool, a gym and panoramic views near the center of Funchal, Portugal for 1,150,000 €

Three-storey villa with a swimming pool, a gym and panoramic views near the center of Funchal, Portugal

1,150,000 €

£1,012,000

Total area 578 m² / 6222 ft²Land area: 578 m² / 6222 ft²10 bedrooms6 bathrooms

3 bedrooms; 5 bathrooms; Garden; Pool; Garage; Sea view for 1,900,000 €

3 bedrooms; 5 bathrooms; Garden; Pool; Garage; Sea view

1,900,000 €

£1,673,000

Total area 627 m² / 6749 ft²Land area: 627 m² / 6749 ft²5 bathrooms

New villa with a swimming pool, Funchal, Portugal for 1,800,000 €

New villa with a swimming pool, Funchal, Portugal

1,800,000 €

£1,585,000

Total area 559 m² / 6017 ft²Land area: 559 m² / 6017 ft²3 bedrooms5 bathrooms

3 bedrooms; 4 bathrooms; Pool; Garden; Garage; Sea view for 1,250,000 €

3 bedrooms; 4 bathrooms; Pool; Garden; Garage; Sea view

1,250,000 €

£1,100,000

Total area 835 m² / 8988 ft²Land area: 835 m² / 8988 ft²4 bathrooms

3 months ago

New villas on Madeira, Portugal for 450,000 €

New villas on Madeira, Portugal

450,000 €

£396,000

Total area 107 m² / 1152 ft²3 bedrooms

1 month ago

3 bedrooms; 4 bathrooms; Pool; Garden; Garage for 1,300,000 €

3 bedrooms; 4 bathrooms; Pool; Garden; Garage

1,300,000 €

£1,144,000

Total area 840 m² / 9042 ft²Land area: 840 m² / 9042 ft²4 bathrooms

3 months ago

4 bedrooms; 4 bathrooms; Pool; Garden; Garage; Sea view for 7,950,000 €

4 bedrooms; 4 bathrooms; Pool; Garden; Garage; Sea view

7,950,000 €

£6,999,000

Total area 20000 m² / 215280 ft²Land area: 20000 m² / 215280 ft²4 bathrooms

New villa with a swimming pool, a garden and a view of the sea, Calheta, Portugal for 1,800,000 €

New villa with a swimming pool, a garden and a view of the sea, Calheta, Portugal

1,800,000 €

£1,585,000

Land area: 1100 m² / 11840 ft²3 bedrooms3 bathrooms

Three-storey villa with ocean views in Funchal, Madeira, Portugal for 595,000 €

Three-storey villa with ocean views in Funchal, Madeira, Portugal

595,000 €

£524,000

Total area 300 m² / 3229 ft²Land area: 1060 m² / 11410 ft²4 bedrooms3 bathrooms

Sea view villa with a swimming pool and a garden near the beach, Calheta, Portugal for 750,000 €

Sea view villa with a swimming pool and a garden near the beach, Calheta, Portugal

750,000 €

£660,000

Total area 980 m² / 10549 ft²Land area: 980 m² / 10549 ft²3 bedrooms4 bathrooms

3 bedrooms; 4 bathrooms; Pool; Garden; Office; Babecue; Garage; Sea-front for 1,790,000 €

3 bedrooms; 4 bathrooms; Pool; Garden; Office; Babecue; Garage; Sea-front

1,790,000 €

£1,576,000

Total area 1015 m² / 10925 ft²Land area: 1015 m² / 10925 ft²4 bathrooms

New furnished villa with a swimming pool and a garage, Funchal, Portugal for 2,500,000 €

New furnished villa with a swimming pool and a garage, Funchal, Portugal

2,500,000 €

£2,201,000

Total area 1600 m² / 17222 ft²Land area: 1600 m² / 17222 ft²4 bedrooms6 bathrooms

Two-storey villa with panoramic ocean views in Funchal, Madeira, Portugal for 730,000 €

Two-storey villa with panoramic ocean views in Funchal, Madeira, Portugal

730,000 €

£643,000

Total area 280 m² / 3014 ft²Land area: 750 m² / 8073 ft²5 bedrooms4 bathrooms

Two new villas in Funchal, Madeira, Portugal for 460,000 €

Two new villas in Funchal, Madeira, Portugal

460,000 €

£405,000

Total area 450 m² / 4844 ft²Land area: 510 m² / 5490 ft²3 bedrooms5 bathrooms

Two-storey new villa with ocean views, Funchal, Madeira, Portugal for 420,000 €

Two-storey new villa with ocean views, Funchal, Madeira, Portugal

420,000 €

£370,000

Total area 307 m² / 3305 ft²Land area: 434 m² / 4672 ft²3 bedrooms3 bathrooms

Two-storey villa with a pool and a garden, Funchal, Madeira, Portugal for 399,000 €

Two-storey villa with a pool and a garden, Funchal, Madeira, Portugal

399,000 €

£351,000

Total area 253 m² / 2723 ft²Land area: 400 m² / 4306 ft²3 bedrooms4 bathrooms

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