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Flat 113 м² in Funchal, Portugal

556 720 $

4 926 $ /м²

4OWS0
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Flat 113m² in Portugal, Funchal. Priced at 412355£ rent photo-1 Flat 113m² in Portugal, Funchal. Priced at 412355£ rent photo-2 Flat 113m² in Portugal, Funchal. Priced at 412355£ rent photo-3 Flat 113m² in Portugal, Funchal. Priced at 412355£ rent photo-4 Flat 113m² in Portugal, Funchal. Priced at 412355£ rent photo-5 Flat 113m² in Portugal, Funchal. Priced at 412355£ rent photo-6 Flat 113m² in Portugal, Funchal. Priced at 412355£ rent photo-7 Flat 113m² in Portugal, Funchal. Priced at 412355£ rent photo-8 Flat 113m² in Portugal, Funchal. Priced at 412355£ rent photo-9 Flat 113m² in Portugal, Funchal. Priced at 412355£ rent photo-10 Flat 113m² in Portugal, Funchal. Priced at 412355£ rent photo-11 Flat 113m² in Portugal, Funchal. Priced at 412355£ rent photo-12

Area

113 м2

Bedrooms

2

Bathrooms

2

2 Bedroom Apartment with pool and sea view - Balcony 22,80m2

Looking for a new apartment in Ilha da Madeira - Funchal? Our new luxury apartment is the perfect choice for you A magnificent building with 25 apartments, scheduled to start construction in September 2023. Experience in construction and guaranteed quality. With modern finishes, lots of natural light and a prime location, this apartment will not stay on the market for long. With an open plan living and dining area, fully equipped kitchen and spacious bedrooms, this apartment has everything you need for comfortable living. This building has a south-facing swimming pool and amenities such as air conditioning. Plus, its prime location puts you close to the best restaurants, shopping, and entertainment. Don't miss out on this incredible opportunity to own a beautiful new condo. Contact us today to schedule a viewing of your future home A very good investment for long term rental or local residence with guaranteed returns.Prices from €280,000.00 T1 - 6un T2 - 12un T3 - 6un T4 - 1un (penthouse with private pool) 📞 More information: +351966275969 - Sónia Gonçalves sonia.goncalves@expportugal.com

Additional details

Property type

Residential Properties

Object type

Flat

Price

556 720 $

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 (556 720 $) 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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