Can foreign nationals take out mortgage loans in Funchal?

Yes, non-residents can be issued a mortgage loan to buy property in Funchal. 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 Funchal?

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 Funchal?

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.

Apartments for sale in Funchal, Madeira

Show:

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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

4-bedroom apartment 393 m² in Funchal

Funchal, Madeira, Portugal

1,400,000 €

Total area 393 m² · 4 bedrooms · 5 bathrooms

3-bedroom apartment 156 m² in Funchal

Funchal, Madeira, Portugal

650,000 €

Total area 156 m² · 3 bedrooms · 3 bathrooms

4-bedroom apartment 216 m² in Funchal

Funchal, Madeira, Portugal

1,100,000 €

Total area 216 m² · 4 bedrooms · 4 bathrooms

2-bedroom apartment 163 m² in Funchal

Funchal, Madeira, Portugal

630,000 €

Total area 163 m² · 2 bedrooms · 2 bathrooms

With swimming pool

2-room apartment in Funchal

Funchal, Madeira, Portugal

750,000 €

3 bathrooms

Elvira Gracheva

Head of Sales Tranio Europe

Tranio Projects for Profitable Investments

Sourcing prime properties to match your goals, negotiating exclusive terms, delivering an independent investment analysis.

Book a Consultation

2-room apartment 107 m² in Funchal

Funchal, Madeira, Portugal

500,000 €

Total area 107 m² · Land area: 107 m² · 2 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

With swimming pool

3-room apartment in Funchal

Funchal, Madeira, Portugal

525,000 €

With swimming pool

2-room apartment in Funchal

Funchal, Madeira, Portugal

525,000 €

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 €

2-bedroom apartment 112 m² in Funchal

Funchal, Madeira, Portugal

470,000 €

Total area 112 m² · 2 bedrooms · 3 bathrooms

Sea view

3-bedroom apartment 170 m² in Funchal

Funchal, Madeira, Portugal

690,000 €

Total area 170 m² · 3 bedrooms · 3 bathrooms

2-bedroom apartment 108 m² in Funchal

Funchal, Madeira, Portugal

470,000 €

Total area 108 m² · 2 bedrooms · 3 bathrooms

2-bedroom apartment 160 m² in Funchal

Funchal, Madeira, Portugal

550,000 €

Total area 160 m² · 2 bedrooms · 3 bathrooms

2-bedroom apartment 112 m² in Funchal

Funchal, Madeira, Portugal

480,000 €

Total area 112 m² · 2 bedrooms · 3 bathrooms

With swimming pool

1-bedroom apartment 87 m² in São Martinho

São Martinho, Funchal, Madeira, Portugal

435,000 €

Total area 87 m² · 1 bedroom · 2 bathrooms

With swimming pool

3-room apartment in Funchal

Funchal, Madeira, Portugal

525,000 €

4 bathrooms

3-room apartment 153 m² in Funchal

Funchal, Madeira, Portugal

540,000 €

Total area 153 m² · Land area: 153 m² · 3 bathrooms

3-room apartment in Funchal

Funchal, Madeira, Portugal

540,000 €

2 bathrooms

Similar facilities nearby

1-bedroom loft 61 m² in Seixal

Seixal, Setubal, Portugal

405,000 €

Total area 61 m² · 1 bedroom · 1 bathroom

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

1-bedroom apartment 56 m² in Seixal

Seixal, Setubal, Portugal

325,000 €

Total area 56 m² · 1 bedroom · 1 bathroom

With swimming pool

1-bedroom apartment 56 m² in Seixal

Seixal, Setubal, Portugal

310,000 €

Total area 56 m² · 1 bedroom · 1 bathroom

With swimming pool

1-bedroom apartment 56 m² in Seixal

Seixal, Setubal, Portugal

315,000 €

Total area 56 m² · 1 bedroom · 1 bathroom

With swimming pool

1-bedroom apartment 60 m² in Seixal

Seixal, Setubal, Portugal

310,000 €

Total area 60 m² · 1 bedroom · 1 bathroom

With swimming pool

1-bedroom apartment 82 m² in Seixal

Seixal, Setubal, Portugal

325,000 €

Total area 82 m² · 1 bedroom · 1 bathroom

With swimming pool

1-bedroom apartment 82 m² in Seixal

Seixal, Setubal, Portugal

325,000 €

Total area 82 m² · 1 bedroom · 1 bathroom

With swimming pool

1-bedroom apartment 74 m² in Seixal

Seixal, Setubal, Portugal

345,000 €

Total area 74 m² · 1 bedroom · 1 bathroom

With swimming pool

1-bedroom apartment 82 m² in Seixal

Seixal, Setubal, Portugal

325,000 €

Total area 82 m² · 1 bedroom · 1 bathroom

With swimming pool

1-bedroom apartment 134 m² in Seixal

Seixal, Setubal, Portugal

610,000 €

Total area 134 m² · 1 bedroom · 1 bathroom

With swimming pool

2-bedroom apartment 142 m² in Seixal

Seixal, Setubal, Portugal

725,000 €

Total area 142 m² · 2 bedrooms

With swimming pool

3-bedroom apartment 183 m² in Seixal

Seixal, Setubal, Portugal

920,000 €

Total area 183 m² · 3 bedrooms

With swimming pool

1-bedroom apartment 59 m² in Seixal

Seixal, Setubal, Portugal

325,000 €

Total area 59 m² · 1 bedroom

With swimming pool

1-bedroom apartment 67 m² in Seixal

Seixal, Setubal, Portugal

341,000 €

Total area 67 m² · 1 bedroom

With swimming pool

1-bedroom apartment 55 m² in Seixal

Seixal, Setubal, Portugal

315,000 €

Total area 55 m² · 1 bedroom

With swimming pool

1-bedroom apartment 55 m² in Seixal

Seixal, Setubal, Portugal

315,000 €

Total area 55 m² · 1 bedroom

With swimming pool

1-bedroom apartment 55 m² in Seixal

Seixal, Setubal, Portugal

325,000 €

Total area 55 m² · 1 bedroom

With swimming pool

1-bedroom apartment 55 m² in Seixal

Seixal, Setubal, Portugal

325,000 €

Total area 55 m² · 1 bedroom

With swimming pool

1-bedroom apartment 66 m² in Seixal

Seixal, Setubal, Portugal

525,000 €

Total area 66 m² · 1 bedroom

With swimming pool

1-bedroom apartment 74 m² in Seixal

Seixal, Setubal, Portugal

362,000 €

Total area 74 m² · 1 bedroom

With swimming pool

1-bedroom apartment 69 m² in Seixal

Seixal, Setubal, Portugal

530,000 €

Total area 69 m² · 1 bedroom

With swimming pool

1-bedroom apartment 82 m² in Seixal

Seixal, Setubal, Portugal

340,000 €

Total area 82 m² · 1 bedroom

With swimming pool

1-bedroom apartment 82 m² in Seixal

Seixal, Setubal, Portugal

340,000 €

Total area 82 m² · 1 bedroom

With swimming pool

1-bedroom apartment 82 m² in Seixal

Seixal, Setubal, Portugal

340,000 €

Total area 82 m² · 1 bedroom

1-25 of 33 listings, page 1 of 2

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