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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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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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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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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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OCEANFRONT CALHETA COTTAGE SOLD IN RECORD TIME A stunning ocean front cottage situated in the village of Calheta with awesome sea views overlooking the Atlantic Ocean and Calheta Beach was on the market for 59 days and recently sold close to the asking
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The Funchal municipal town council intends to include a series of expropriation measures in its next budget with a view to provide opportunities to investors in the private sector in the restoration of certain buildings in the city’s historic district
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Funchal city, the capital of Madeira Island is the first insular city within Portugal to adhere to the CIVITAS European project aimed at improving air quality, increasing the accessibility and reducing the noise levels in general. In Madeira, the project
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The whole of the seafront stretch in Machico has been enticingly enhanced by the recently completed revamp project! The transformation boasts a brand new sea-walk promenade, marina, fine restaurants with esplanades, hyper-market and shopping centres as
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Ribeira Brava’s Municipal Town Council 's president confirmed this week that the area’s municipal tax rates will remain the same for the 2009 year. Presently the IMI tax on older urban real estate (i.e. houses construction and land) is
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In an effort to compel and provoke landlords and owners to revamp/restore their decaying and uninhabited homes in the city of Câmara de Lobos, the municipal town council has recently proposed increasing the present municipal property taxes (IMI)
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Quinta Alto de São João located on the western coastline of Madeira Island has recently been sold by Tony de Nobrega of NOBREGA REALTY to a group of European Investors. The stately 15 - room Madeiran manor home, licenced for rural tourism,
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