Main Countries Buy Rent

Flat 61 м² in Funchal, Portugal

163 887 $

2 686 $ /м²

4OTYz
Share:

Area

61 м2

Bedrooms

2

Bathrooms

2

Apartment with two bedrooms for sale. Pego, Alicante, Valencia, Spain.

A modern penthouse in the city of Pego, just a 10-minute drive from the sandy beach, is available for sale. It not only has one, but two large private terraces - one on each side, so you can choose where to sit in the sun or hide in the shade. All city amenities are within walking distance, and there is easily accessible parking around. There are two double bedrooms - a master with an ensuite bathroom, dressing room, and access to the sunny terrace with views of the city and mountains. A family bathroom, a living-dining room with an open-plan kitchen and access to the front terrace, where you can enjoy views of the countryside and sea. The property has a cooling and heating air conditioning system. The penthouse is located on the 5th floor of a quiet building with an elevator. It is sold furnished - ready to move in! The communal tax amounts to 377 euros per year.

Additional details

Property type

All Types

Object type

Flat

Price

163 887 $

FAQ

In Portugal a residence permit is typically issued based on a minimum investment threshold. Applications are reviewed within 30–60 days in Funchal; you will need a passport, proof of funds, and the ownership documents. Hatamatata helps prepare and submit the paperwork.
Banks in Portugal finance 50–70% of the property value for non-residents with rates of 3–5% for 20–30 years. A life insurance policy and a 30–40% down payment are usually required. Terms and programs vary by city and bank.
Expected expenses: transfer tax 0–15%, registration 0.5–2%, notary 0.5–1.5%, agent commission 0–3%. In total 2–20% on top of the purchase price. Exact rates depend on region, property type and programs.
A title search at the land registry of Portugal takes 10–15 business days. You receive ownership, encumbrance and tax clearance certificates. Documents are translated and reviewed by a lawyer before signing.
Yes. Rental income tax is 5–25% depending on the regime. In Funchal short-term tourist rentals typically yield 5–8% per year. Municipal permission and income registration are usually required.
Yes. An inspection costs about 0.5–1% of the price (163 887 $) and covers structure, utilities and legal status. Hatamatata arranges a qualified engineer with an EN/RU report.
A typical transaction runs 30–90 days, averaging 45 in Funchal: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).

Related sections