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Flat 72 м² in Funchal, Portugal

506 460 $

7 034 $ /м²

4OThY
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Area

72 м2

Bedrooms

2

Bathrooms

2

2 bedroom apartment for sale in Funchal, Madeira, Portugal.

This two-bedroom apartment in the Ajuda area (Escola Hoteleira) is located 5 minutes from Formosa Beach and 10 minutes from the shopping center and tourist area of Lido. It is in a gated residential complex with swimming pool. The apartment is furnished, the kitchen is equipped and there is a separate laundry room with washer and dryer. This apartment features a modern design and has a living and dining room, kitchen with separate laundry room, 2 bedrooms, 1 of which is en-suite, 2 bathrooms (1 for guests) and 1 spacious terrace with sea views, south facing and all day window. Located on the first floor, the apartment has a sea view terrace where you can enjoy breakfast with a unique landscape. Also provided are 2 parking spaces next to each other. The location in a gated residential complex allows you to enjoy peace and comfort with the use of common spaces, namely the swimming pool and green area. Possibility to buy your own home or investment opportunity, both for local accommodation and long term rentals! Nuno Lourenço Real Estate Agent MADEIRA REAL ESTATE Buying and selling real estate Digital Marketing Specialist Facebook Instagram ADS Google ADS Email: here Phone WhatsApp: 00351969326491 - https: wa.me message AQWDV7V5FCGXJ1 - REF: 1212-6633

Additional details

Property type

All Types

Object type

Flat

Price

506 460 $

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 (506 460 $) 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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