MADEIRA FREEHOLD PROPERTY | LOW HOLDING COST IN MADEIRA
This Calheta Vila is located at an altitude of approx. 300m above sea level and benefits from the best climate on the island. The 600m2 plot has enough space to add a pool and develop your own vegetable garden!
Present basic running costs on this freehold property, excluding household insurance and annual taxes is €59.00 per month made up as follows:
water € 5.00 per month
electricity € 29.00 per month
gas € 25.00 per month
total.............€ 59.00
Household insurance can be arranged at your bank including basic car insurance - costing an average of around €300 per annum. If you reside more than 6 months in the year, annual taxes are exempt and no inheritance taxes are paid in the event of your leaving the property to your children and/or inheritors.
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