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. […]

WHAT ARE THE CLOSING COSTS OF PROPERTY IN MADEIRA? 

You have found the perfect property in Madeira;  what is next in the home buying experience?.. Signing the contracts and paying the closing costs. So what exactly are the closing costs? Here is a list of the most common closing costs: 1.   LAWYER AND ESTATE AGENT Lawyers in Madeira, Portugal must be registered with the […]

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 […]