Annual taxes on property, namely “IMI” ( imposto municipal sobre imoveis ), is calculated by the local municipality where the particular property is located. The Portuguese government has announced a decrease this month on IMI Tax. Every 3
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The real estate property market in MADEIRA ISLAND, PORTUGAL is beginning to show signs of recovery. According to 3 local leading property sources, licensed agents/Brokers, construction companies and property developers all report a general increase in
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