IMI PROPERTY TAX RATE REDUCTION IN FUNCHAL, MADEIRA 2017 

The average IMI property tax rate in the 11 Municipalities in Madeira and Porto Santo has been 0.307%. None of the municipalities have opted to apply the maximum rate for 2016 year, 8 have opted for the minimum, Funchal being the most populated, presently charges 0.32%. Camara de Lobos charges the highest rate. Funchal’s municipality […]

PROPERTY MARKET IN PORTUGAL – NATIONAL REPORT 2016 

MARKET/BANK EVALUATION DECEMBER 2015 Residential Bank evaluation values allow us to observe market tendencies specifically credit bank evaluation.  On a monthly basis the National Institute of Statistics analyses and distributes the latest statistics to all its members, via APEMIP.  According to INE the banks’ residential average evaluation was 1.043m2 which shows an increase of 2€uros […]

Are you renting your property in Madeira to tourists without a licence? 

FOLLOW THESE 13 STEPS … AND SAVE MONEY ! If you or your agent rent out your property to tourists for temporary or short term accommodation in exchange for money, then you need a licence called “alojamento local”. The property can be a villa, house, quinta, private family home, an apartment or room to let […]