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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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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
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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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MADEIRA - The largest Madeiran supermarket group, Group Sá is due to open their first hypermarket branch in the quaint village of São Vicente in the north of the Island in approximately 10 months from now. The Group’s vast experience
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Funchal in Madeira Island Portugal is about to gain another 330 hectares of forest. One of the local government’s key priorities is nature conservation and a recent announcement was made confirming the final stages of expropriation of a large forest
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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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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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The European Central Bank announced a further 0.25% drop in mortgage interest rates this week. The new mortgage interest rate of 1% is considered locally to be a historic all time low and many families will save on their monthly mortgage repayments. This
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This Madeiran- style home has been on the open market for 6 months. The original asking price was €250000. During this period there were two price adjustments and it has just been sold for €197 000 – a reduction of 21% from the original
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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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