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Approximately 9 million Europeans are taking advantage of their European Union Citizenship's free movement rights by living outside of their home country. There are about 450 000 international successions each year in the EU; this represents more
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TONY DE NOBREGA is an internationa l property specialist who originally started in South Africa in 1978. He has a family-run business and has been in Madeira Island since 2003. Based in Funchal, the capital city of Madeira, NOBREGA REALTY covers property
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Madeira Real Estate news in Funchal, Madeira Portugal – June 2009 – AJF De Nobrega of Nobrega Realty will be awarded the prestigious Certified International Property Specialist (CIPS) designation and will join a worldwide referral network
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A retired couple, presently living near the mountains of CHIANGMARY in Thailand are looking to exchange their home for a similar home in the same price range in Madeira Island, Portugal. Their property in Thailand is a company owned one, thus benefiting
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Portugal’s 8 th of April 2009 edition of “Diario Economico” reports that 10% of the total homes in Portugal are presently on the market for sale. New construction has decreased but the number of used or resale homes on the market have
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The recent bank interest rate drop announced by major banking institutions in Madeira Island, Portugal will have no or very little effect on the local economy. The Central European bank has virtually commanded local banks to reduce their interest rates
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Madeira Island - Funchal’s scenic port was recipient to the “Best Destination Experience” Award at the largest cruise liner industry trade fair held in MIAMI, USA - a 4 day event which ended on the 19 th March. The award was based on
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This was the headline in the Mail on Sunday Property Page - 1 st March 09 edition written by Fred Redwood reporting that Madeira island is not just a haven for oldies any more. Despite its splendid botanical gardens and sub-tropical climate, some still
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Property values in Madeira Island have fallen by 20 to 30% according to a recent article published this week in one of the local reputable newspapers. Banks have become more conservative in their evaluations of property and clients’ credit loan
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FUNCHAL – NEW PORT AND MARINA NEWS The original plans for the new port in Funchal have been altered. According to recent news the project which was estimated to cost in the region of around €6.5 Million will now cost €15Million and is
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IDEAL FOR GOLF ENTHUSIASTS , this freehold property, being company owned effectively means savings of approximately €70,000 on Purchase Costs. Located within walking distance of the new proposed Golf Course in Ponta do Pargo . Nowadays construction
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An 8 minute black and white movie clip on the culture in Madeira Island dated all the way back to 1931 and produced by a British gentleman by the name of James Fitzpatrick of TRAVELTALK is available on YOU TUBE and has received a total of over 11 000
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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
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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
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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
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