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PROPERTY RENTALS IN MADEIRA -FOREIGN INVESTORS TO SAVE THOUSANDS ON NEW TAX LAWS
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 Read More...
MADEIRA PROPERTY OWNERS ADHERE POSITIVELY TO NEW AIR/ENERGY CERTIFICATES
Property News in Funchal Madeira Island: Since January 2009 a total of 2,200 certificates have been issued on new constructions, apartments and single residential dwellings. The process of certification requires inspection by a qualified practitioner 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...