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.

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.

Cheap Property for Sale in Madeira from 90,000€

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One-bedroom apartment in a new complex, Funchal, Madeira, Portugal for 250,000 €

One-bedroom apartment in a new complex, Funchal, Madeira, Portugal

250,000 €

£215,000

Total area 65 m²Land area: 91 m²1 bedroom1 bathroom

Renovated three-bedroom apartment with ocean views in Madeira, Portugal for 230,000 €

Sea view

Renovated three-bedroom apartment with ocean views in Madeira, Portugal

230,000 €

£198,000

Total area 90 m²3 bedrooms2 bathrooms

90 m long swimming pool!

The Community — investment apartments by Aqua Properties with 9,5% yield per annum in the center of the developing area of Motor City, Dubai

From 148,000 €

Completion in: 2025 Yield: 9.0% Apartments in total: 450

Residential complex

Three-bedroom apartment with a private garden and ocean views in Funchal, Madeira, Portugal for 250,000 €

Sea view

Three-bedroom apartment with a private garden and ocean views in Funchal, Madeira, Portugal

250,000 €

£215,000

Total area 200 m²Land area: 70 m²3 bedrooms2 bathrooms

Villa – Arco de Sao Jorge, Madeira, Portugal for 220,000 €

Villa – Arco de Sao Jorge, Madeira, Portugal

220,000 €

£189,000

Total area 143 m²2 bedrooms5 bathrooms

One-bedroom apartment near the ocean in Funchal, Madeira, Portugal for 220,000 €

Sea view

One-bedroom apartment near the ocean in Funchal, Madeira, Portugal

220,000 €

£189,000

Total area 79 m²1 bedroom1 bathroom

Villa – Funchal, Madeira, Portugal for 118,000 €

Villa – Funchal, Madeira, Portugal

118,000 €

£101,000

Total area 130 m²Land area: 165 m²3 bedrooms2 bathrooms

Discounted properties upon request

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Villa – Madeira, Portugal

90,000 €

£77,000

Land area: 80 m²3 bedrooms3 bathrooms

Apartment – Câmara De Lobos, Madeira, Portugal for 90,000 €

Apartment – Câmara De Lobos, Madeira, Portugal

90,000 €

£77,000

Total area 67 m²1 bedroom1 bathroom

Two-storey farm with a large plot in Madeira, Portugal for 175,000 €

Two-storey farm with a large plot in Madeira, Portugal

175,000 €

£150,000

Total area 110 m²Land area: 3,154 m²3 bedrooms

Apartment – Funchal, Madeira, Portugal for 210,000 €

Apartment – Funchal, Madeira, Portugal

210,000 €

£180,000

Total area 98 m²2 bedrooms2 bathrooms

Development land in Canico, Madeira, Portugal for 110,000 €

Development land in Canico, Madeira, Portugal

110,000 €

£94,000

Land area: 440 m²

Development land – Funchal, Madeira, Portugal for 140,000 €

Development land – Funchal, Madeira, Portugal

140,000 €

£120,000

Land area: 600 m²

Plot with a project for agrotourism, San Vicente, Portugal for 150,000 €

Plot with a project for agrotourism, San Vicente, Portugal

150,000 €

£129,000

Land area: 1,650 m²

Plot of land overlooking the ocean in Funchal, Madeira, Portugal for 250,000 €

Plot of land overlooking the ocean in Funchal, Madeira, Portugal

250,000 €

£215,000

Land area: 1,190 m²

Development land in Funchal, Madeira, Portugal for 160,000 €

Development land in Funchal, Madeira, Portugal

160,000 €

£137,000

Land area: 862 m²

Similar facilities nearby

New buy-to-let apartments and studios with yield up to 6,5%, in a quiet and clean area in central Athens

From 81,000 €

Completion in: 2024.IVTotal of 11 apartments

New apartments for obtaining a residence permit and rental income, central area of Athens — Kato Patisia, Greece

From 121,000 €

Built in 2024Total of 6 apartments

New apartments for obtaining a residence permit and rental income in Athens, Attica, Greece

From 143,000 €

Residence permit

Built in 2023Total of 17 apartments

New gated residence with a swimming pool in a prestigious area, Limassol, Cyprus

From 242,000 €

Completion in: 2026.ITotal of 144 apartments

New residence near the beach, Parekklisia, Cyprus

From 197,000 €

Completion in: 2024.IVTotal of 21 apartments

New residence near the Riviera and the center of Piraeus, Greece

From 170,000 €

Built in 2024Total of 10 apartments

Package of three micro studios for a Golden Visa and a guaranteed 5% return in Egaleo, Greece

From 98,000 €

Yield 5.0%Built in 2024Total of 18 apartments

Package of two studios for obtaining a Golden Visa and a guaranteed return of 5% from the moment of payment, Piraeus, Greece

From 135,000 €

Yield 5.0%Total of 20 apartments

New studio apartments in the center of Athens, Attica, Greece

From 110,000 €

Built in 2023Total of 15 apartments

Two buy-to-let apartments in same building, Kipseli district, Athens, Greece

200,000 €

EU residence permit

Total area 137 m²3 bedrooms2 bathroomsYield 3.65%

New apartments in a residential complex with a swimming pool, a garden and a parking, Kallithea, Attica, Greece

From 137,000 €

Completion in: 2024.IVTotal of 38 apartments

New residential complex of buy-to-let turnkey studios, Piraeus, Attica, Greece

From 80,000 €

Completion in: 2024.IIITotal of 30 apartments

Two-bedroom bright apartment with a tenant in Attiki area, Athens, Greece

115,000 €

With balcony/terrace

Total area 60 m²2 bedrooms1 bathroom

Modern residence in the historic and vibrant area of Kolonos, Athens, Greece

From 188,000 €

Total of 30 apartments

New residence with a garden in a quiet area, close to the center of Athens, Paleo Faliro, Greece

From 190,000 €

Completion in: 2025.ITotal of 35 apartments

Low-rise residence in the heart of Athens, Greece

From 185,000 €

Yield 4.0%Total of 6 apartments

Complex of furnished apartments at 750 meters from the port, in the center of Piraeus, Greece

From 107,000 €

Yield 5.2%Total of 37 apartments

Furnished two-bedroom apartment in Athens, Attica, Greece

126,000 €

Furnished

Total area 55 m²2 bedrooms1 bathroom

Newly renovated flat in the center of Athens, Kukaki district, Greece

190,000 €

City center

Total area 53 m²1 bedroom1 bathroom

Buy-to-let one-bedroom apartment in Agios Panteleimonas area, Athens, Greece

115,000 €

Total area 58 m²1 bedroom1 bathroom

Renovated buy-to-let apartment near the Acropolis, Athens, Greece

130,000 €

City center

Total area 45 m²1 bedroom1 bathroomYield 6.0%

New gated residence with a business center and a restaurant in the heart of Paphos, Cyprus

From 205,000 €

Completion in: 2025.IIITotal of 20 apartments

Two-bedroom apartment in a beautiful residence with a swimming pool, Lloret de Mar, Spain

235,000 €

With balcony/terrace

Total area 82 m²2 bedrooms2 bathrooms

New low-rise residence close to the beach, Paphos, Cyprus

From 245,000 €

Completion in: 2024.IVTotal of 6 apartments

Spacious apartment in a residence with a garden and a swimming pool, Lloret de Mar, Spain

250,000 €

With balcony/terrace

Total area 129 m²4 bedrooms2 bathrooms

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Coldwell Banker
It is with much enthusiasm that I personally recommend Tranio for a professional business collaboration in the ﬁeld of real estate, marketing, acquisition, and ﬁnance. The fundamentals of our business relationship with Tranio were set in 2016. Mundial AG has received the company’s great reputation throughout a number of international business pai’tners and stockholders. Tranio has helped our company to expand its horizons to the global market and has established benchmarks that would extend Mundial AG’s networks. The company has exceptional connections to potential investors and has a proﬁcient team that is capable of forming compound ﬁnancial models that attract ﬁnanciers. The cooperation with Tranio is based on professionalism, effectiveness, and Hypovﬂemsbank scrupulousness. Our experiences with Tranio are encouraging and progressive, which makes them one of our preeminent business paitners.
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Cheap property for sale in Madeira