Main Countries Buy Rent

Flat 148 м² in Funchal, Portugal

926 658 $

6 261 $ /м²

4OThZ
Share:

Area

148 м2

Bedrooms

3

Bathrooms

2

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

Remember the old factory? This two-bedroom apartment with a total area of 205 sqm is located in the center of Funchal, in the relatively new residential area known as 'The Factory', more precisely where the old brewery used to be. The product of a unique urban redevelopment project in the city center by the Pestana Group, which undoubtedly provides the highest comfort and convenience in the city center! It is a set of 25 apartments and 3 commercial stores, from typologies T1 to T4, including luxury penthouses and duplexes. This share also consists of 1 office, 1 laundry room, 2 parking spaces and 1 storage room. Come and discover ease and well-being in the heart of the city of Funchal! Schedule your visit now - REF: 1212-6473.

Additional details

Property type

All Types

Object type

Flat

Price

926 658 $

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 (926 658 $) 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).

Related sections