20 Guidelines and Tips that will save you Thousands!
Searching for land for sale in Madeira to build your own home or buying off plan is an option opted by many property purchasers. You must take the same care when searching for land for sale in Madeira as you would when searching for a resale home in Madeira, but add the following 20 guidelines and tips which will save you thousands and avoid you countless problems. There are many excellent and reputable builders in Madeira who will build an individually designed home on your land or will sell you the land and build a home chosen from a selection of custom designs.
1. Cost of Land
Finding land for sale in Madeira with planning permission varies considerably depending on area. In a good location, in Funchal, expect to pay up to 600€ per m2. In the rural areas, outside of Funchal, prices can range between 50€ to 200€ m2.
2. Building Costs
Range between 500€m2 to 1500€m2 depending on quality and location.
3. Topography
Due to Madeira island’s topography, some plots are unsuitable for building as they are too steep and would require exorbitantly expensive foundations.
4. Purchase Tax
6,5% IMT Tax is payable on building land in Madeira.
5. Agricultural Land
Should you build on agricultural land, be aware that there are strict limits on plot and building sizes. You can obtain this information from the local town hall via the usage licence (licença de utilização).
For the remaining 15 guidelines and tips on land for sale in Madeira, please fill in the form below -the complete document will be forwarded to your email shortly!
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