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Flat 126 м² in Funchal, Portugal

628 072 $

4 984 $ /м²

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Area

126 м2

Bedrooms

3

Bathrooms

3

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

Located in a building where elegance and urban design excel, this 3-bedroom apartment offers unprecedented views of the Ajuda gardens and the sea, urban life in the heart of the privileged neighborhood of Ajuda. Presented by Paulo David Abreu Andrade (Portuguese architect awarded the Alvar Aalto Medal), the apartment is set in large spaces, breathing ocean views that can be enjoyed both from inside the living room and from the extensive balcony that develops in front of the garden area. Among the additional benefits we note the parquet floors of guatambu, the kitchen of the German brand Schuller, electric blinds in all rooms, in addition, all areas of the apartment have access to the balcony. - REF: 1212-6588

Additional details

Property type

All Types

Object type

Flat

Price

628 072 $

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 (628 072 $) 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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