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 […]

BUYING AND SELLING IN MADEIRA. HERE ARE 3 TRAITS YOU WILL WANT IN YOUR PROPERTY AGENT 

For both buyers and sellers, chosing the right property agent is an important and difficult decision. FOR THE BUYER With thousands of property in Madeira for sale being advertised on the net, it is not difficult for a buyer to find property.  The most difficult task is finding the right property agent to work with. […]

MOVING TO AND LIVING IN MADEIRA 

APARTMENT vs HOUSE/VILLA IN MADEIRA.  WHICH IS BEST FOR YOUR LIFESTYLE? Moving to a different country and to an island exposes you to new experiences and realities.  Some individuals love living in an apartment, whilst others swear by a detached home in Madeira. When it comes to deciding between the two, however, one can’t always […]

TAX FREE RETIREMENT IN MADEIRA PORTUGAL 

Tax free benefits for property buyers are in place in Madeira and Portugal to all European citizens and citizens of countries where double taxation agreements have been established with Portugal.  High Net-worth individuals, specific professionals and pensioners who purchase property in Madeira and transfer their tax residence to Portugal are entitled to tax free benefits […]

MADEIRA 2013 – PROPERTY MARKET REVIEW 

We Would like to start 2014 with a message to all our clients, past and present:  Thank you for making Nobrega Realty your number one choice for your real estate transactions in Madeira. With much gratitude to you all, Nobrega Realty is happy to report a successful year end with numerous real estate transactions concluded […]

MADEIRA ISLAND NEWS – PROPERTY OWNERS IN PORTUGAL – “SIL” REPORT 

Latest statistics emerging from the recent Property Conference SIL held in Lisbon from the 9th – 13th October reveals that 41% of owners live in their own property without a mortgage and 44% live in their own property with a mortgage.  In 2011 there were more property owners in Portugal (which includes Madeira Island) without […]

DEMAND FOR PROPERTY TO RENT ON THE INCREASE IN MADEIRA ISLAND, PORTUGAL 

Latest property news in Madeira Island reveals a marked increase in the demand for residential property to rent.  Figures reflect on average a total of between three to four thousand beds are presently being rented to holidaymakers. Non-resident property owners in Madeira Island, Portugal who rent out their property to help cover expenses or make […]