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Flat 119 м² in Funchal, Portugal

736 930 $

6 192 $ /м²

4OWUH
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Area

119 м2

Bedrooms

2

Bathrooms

2

2 Bedroom Apartment in Madeira of 119,00 m²

A 2 bedroom apartment with excellent space located in the center of Funchal. This apartment is in a complex located in the shopping center "La Vie", which is characterized by the excellent location and area of its apartments, with typologies from T1 to T4. All apartments, like this one, have plenty of natural light thanks to floor to ceiling windows. The apartments consist of: -living room and dining room -kitchen, laundry room, -2 bedrooms and bathroom. -Built-in closets in the bedroom with plenty of storage. This building has been designed with noble materials and finishes, thinking about the comfort and safety of our daily and low maintenance costs. All apartments are located above a shopping center where you can find a wide range of stores such as supermarkets, pharmacies, stores, bars, restaurants, public services, recreation areas and gym. In addition to living partly in the center of Funchal, where you can enjoy all the infrastructure of the city. It can be for living, but you can also consider it as an investment, for example for short or long term rentals, with high expected returns. It is worth mentioning that there are 2 parking spaces already included in the price, which can be monetized. If you want to live in the city center, you have this opportunity: to dream is good, but to realize is even better. Contact us for more information

Additional details

Property type

Residential Properties

Object type

Flat

Price

736 930 $

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 (736 930 $) 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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