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January 2009 - Posts

PROPERTY PURCHASE TRANSFER TITLE COSTS IN MADEIRA ISLAND FOR 2009
The IMT Tax on property which forms part of the transfer title costs when purchasing property has been revised for 2009; this year there are two tables – one for permanent residents (people who reside for 6 months and more during the year) and another Read More...
BUYING INTO CONDOMINIUM / FRACTIONAL OWNERSHIP?...LACK OF GOVERNMENT CONTROL DOES NOT PROTECT THE CONSUMER !
BUYING PROPERTY IN MADEIRA INTO CONDOMINIUM / FRACTIONAL OWNERSHIP ? In a recent survey conducted by DECO PROTESTE (The Portuguese Association for consumer protection) 2 out of 3 consumers reported condominium management problems. In mainland Portugal Read More...
MADEIRA REAL ESTATE NEWS – ENERGETIC AND INDOOR AIR QUALITY CERTIFICATION OF BUILDINGS
As from January 2009 and in accordance with recent approved legislation (law “Art. 3DL nº. 78/2006”) both Sellers and Lessors are obliged to provide their respective property Buyers and Lessees with an energy and indoor air quality certificate Read More...
MADEIRA PROPERTY – REALISTICALLY PRICED HOMES STILL BEING SOLD DESPITE THE RECESSION
The property market in Madeira is still active despite the abundance of supply in the market. This family home close to Calheta Beach was exclusively marketed by Tony de Nobrega of Nobrega Realty and was on the market for 65 days before being bought by Read More...
GLOBAL WARMING EFFECTS ON PORTUGAL – MADEIRA ISLAND COMES UP TOPS AS THE LEAST VULNERABLE
Madeira Island has been effectively been reported to reflect the least vulnerable of all regions in Portugal in regard to predictions on future impacts as a result of global warming. This report was divulged at a recent EU study “REGIONS 2020” Read More...