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Flat 130 м² in Funchal, Portugal

559 326 $

4 302 $ /м²

4OUhE
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Flat 130m² in Portugal, Funchal. Priced at 414285£ rent photo-1 Flat 130m² in Portugal, Funchal. Priced at 414285£ rent photo-2 Flat 130m² in Portugal, Funchal. Priced at 414285£ rent photo-3 Flat 130m² in Portugal, Funchal. Priced at 414285£ rent photo-4 Flat 130m² in Portugal, Funchal. Priced at 414285£ rent photo-5 Flat 130m² in Portugal, Funchal. Priced at 414285£ rent photo-6

Area

130 м2

Bedrooms

3

Bathrooms

2

3 bedroom apartment with sea views - Secure community - Swimming pool

The new building "The Place", which is located in the residential area of excellence in Virtues - Funchal, is scheduled for completion by 2023. This building will consist of T1, T2, T3 type apartments with large glazed balconies so you can enjoy unlimited views of the Bay of Funchal and the Atlantic Ocean. Inserted in a fenced community, with large private green areas, gardens and outdoor play areas, special attention is paid to the pool. BEAUTIFUL VIEWS All units have large glazed balconies that allow you to enjoy beautiful views of Funchal Bay and sun exposure while eating and relaxing. POOL Break away from the daily routine and enjoy the pool at your new family home. Create moments of tranquility and well-being and take advantage of the mild climate that the town of Funchal offers throughout the year without wasting time traveling. For more information, please contact: Sonia Gonsalves, tel. +351 966275969.

Additional details

Property type

Residential Properties

Object type

Flat

Price

559 326 $

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 (559 326 $) 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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