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Troika Portugal has defined a calendar of general tax measures to be implemented during the next 3 years and the IMI Property Tax (municipal annual rates on Property) has not been excluded. Property owners can expect to pay more and in specific cases
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The owner of this "Vista Atlantico" villa in Calheta uses the property as his vacation home and rents it out to tourism when not in residence in Madeira. The villa is extremely well managed by honest and trustworthy neighbours and friends who
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This waterfront Villa (Casa Rosa) located in Tabua, Ribeira Brava on the south eastern coastline has just been sold by us under sole mandate in a record time of one day and at a realistic market value. The Madeira property market has not been immune from
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Madeira Island has reported a 69.2% record increase in the number of tourist passengers on cruise-liners in the Funchal port in Madeira. A total of 12 089 registered in June this year opposed to 7 144 in June 2010. Aside from the local population opting
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This week's announcement in the local newspapers of the reconstruction of the Marina with substantial improvements which include a sandy beach and promenade is positive news for property owners and potential investors in Ponda do Sol. Amongst our
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The new IMT Tax Table is applicable to all property transactions in Madeira Island - effective 1st January 2011. Prior to making an offer on a property in Madeira, it is important to take into account all the extra costs that are necessary to pay over
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Non-resident property owners in Madeira Island, Portugal who rent out their property to help cover expenses or make a profit are now obliged, by law, to obtain a proper licence called "Local Lodging" (Alojamentos Local) and declare their income
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This charming cottage in Calheta , Madeira Island is new on the market. Ideally suited to those wanting to temporarily reside in Madeira and derive an income from holiday rental for the remaining months. Present owners currently average €2500 per
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House prices in Madeira Island, Portugal are currently being affected and on a downward trend. According to the latest INE statistics - which are based on the most recent bank property valuations, the average banking home evaluation has shown a downfall
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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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In an effort to improve Europeans' financial education, the European commission created a site which is available in 21 languages. The sole purpose of this site is to inform European citizens about their legal rights and by so doing, helping them
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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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This upmarket quinta , like many upmarket properties in Madeira has been on the market for some time. The seller has recently instructed us to reduce the asking price by over 50% of the original asking price. Ideally located and within walking distance
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Madeira Island, the hidden treasure in the middle of the Atlantic Ocean made global front line news on the 20 th of February this year. The devastating series of mudslides and floods which ravaged the island although only striking 2% of the territory
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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
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