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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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Fully Furnished • 316 sq. m., 4 bath, 3 bdrm 2 story "double story split level contemporary villa" - €375,000 EUR - REDUCED WATERFRONT VILLA Ponta Do Sol, Madeira - PONTA DO SOL - OCEANFRONT ! Immaculate home - Fully furnished and
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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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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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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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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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