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 […]

PRICING YOUR HOME FOR SALE IN MADEIRA 

Pricing a home for sale in Madeira in a way that will encourage a timely sale is quite challenging for home sellers in Madeira and often for Estate Agents too.  There are numerous studies that indicate the longer a home remains on the market, the less money it will fetch when it finally does sell.  […]

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 […]

INVEST IN PROPERTY IN MADEIRA ISLAND AND OBTAIN YOUR GOLDEN RESIDENCY PERMIT 

Investing in Property in Madeira Island, Portugal entitles non-European nationals to a Golden Residency Permit.  The minimum investment value on the acquisition of a property of your choice in Madeira, Portugal is €500 000;  holders of the permit and their immediate families may also gain access to Portuguese citizenship according to current legal provisions. Property […]

MADEIRA PROPERTY MARKET NEWS 

HOW TO AVOID HAVING YOUR PROPERTY IN MADEIRA REPOSSESSED BY YOUR LOCAL BANK: The global and local recession and low property market prices have resulted in many families handing over their properties in Madeira to the banks. New legislation is in place allowing property owners certain rights to renegotiate their existing loans with the banks. 1. […]