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Flat 37 м² in Funchal, Portugal

258 635 $

6 990 $ /м²

4OUaW
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Area

37 м2

Bedrooms

1

Apartment T0 in the center of Funchal with parking.

Apartment T0, on the second floor, in the center of Funchal, on Bela Santiago street, where you can easily walk to all services. Nice and practical location in the central part of Funchal, new and with parking. Composition:- Equipped and furnished kitchen in openspace format- Living room- Bedroom with wardrobe- Bathroom with bath- 1 parking spaceCome and see this apartment.-------------------------------------------------------------------------Alameda Formosa VSituated in the center of Funchal, the Alameda Formosa V complex consists of 10 residential units, of which six are of type T0 and four of type T1. The exterior of the building harmoniously combines modern lines with a traditional Balzac roof. The interiors convey a modern and austere look with the use of high quality materials, the spaces are carefully designed for their functionality and comfort.The neighborhood of San Tiago is ideal for those who want to enjoy all that the city has to offer. During the day you can stroll through the painted doors on Santa Maria Street, visit the farmers market or go to the beach and grab a bite to eat in the neighborhood.For dining, you can always take advantage of the wide selection of neighborhood restaurants and public spaces.The building is under construction and is scheduled to be completed by the end of 2024.Building Location:- 1 minute walk to restaurants- 5 minute walk to the beach- 8 minute walk to the farmers market- 10 minute walk to the supermarket- 7 minute drive to the expressway- 19 minute drive to the airport----------------------------------------------------------------- See this and other properties at www.condelix.pt Credit intermediary approved by the Bank of Portugal. We handle all documentation free of charge for the client.________ Existing for 19 years, Condelix is a real estate agency with Portuguese capital, now occupying a privileged position in the national real estate market. With strong synergies with a network of builders, banks and investment funds, we provide a one-stop shop for our clients wherever they are and wherever they want to buy, rent or sell property.

Services and facilities

Air conditioner

Additional details

Property type

Residential Properties

Object type

Flat

Price

258 635 $

Characteristics

Air conditioner

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 (258 635 $) 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).

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