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Flat 102 м² in Funchal, Portugal

509 035 $

4 990 $ /м²

4OURc
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Area

102 м2

Bedrooms

2

2 bedroom apartment in the center of Funchal

AVAILABLE FOR GOLDEN VISA 350KThis modern 2-bedroom apartment offers all the comforts and conveniences needed to live in the city center.It consists of large rooms and a balcony with sea views! It is divided as follows:-Hallway;-Living room in open space;-Dining room in open space;-Open kitchen, well equipped: white cabinets, granite countertops, cooktop, oven, hood, dishwasher, TEKA appliances;- 2 suites with built-in closet;- 1 shared bathroom;-Terrace.The condominium will have a children's play area and BBQ area for the owners, other amenities are private parking and elevator. These apartments have excellent access and are close to several public services, stores, restaurants, entertainment venues and public transport, allowing you to walk to the entire city center.They are located-200 m from the supermarket;-300 m from the bus stop;-800 m from the beach;-1 km from the historical area;-2 km from the hospital;-18 km from the airport.If you want to live in a condominium in the center of Funchal, you can not miss this great opportunity for your own home or for investment.Come and experience the new style of living.

Services and facilities

Air conditioner
Household appliances
Balcony or terrace
Lift

Additional details

Property type

Investment

Object type

Flat

Price

509 035 $

Characteristics

Air conditioner
Household appliances
Balcony or terrace
Lift

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 (509 035 $) 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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