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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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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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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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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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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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The recession in the Euro-zone is a profound and long one. The European Central Bank predicts a recovery only in 12 months’ time and does not exclude the possibility of a new financial crisis in between if there is no economic growth. According
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SÃO VICENTE - A true paradise bestowing the greenest forest in the island of Madeira. All Levada walk lovers, surf enthusiasts and nature lovers in general will discover untouched natural landscape beauty within 40km’s drive through new roads
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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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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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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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