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 […]

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.  […]

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 […]

I can market your property to the world 

As a Certified International Property Specialist (CIPS), I am a global property professional.  I know how to compete in today’s international property market.  I have the education, the resources and the network to build an international marketing strategy for your property to help attract qualified buyers from around the globe. Only ESTATE AGENTS who have […]

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. […]

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. […]