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 […]

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 […]

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 […]