MADEIRA ISLAND PORTUGAL PROPERTY FOR SALE

The owner of this "Vista Atlantico" villa in Calheta uses the property as his vacation home and rents it out to tourism when not in residence in Madeira.  The villa is extremely well managed by honest and trustworthy neighbours and friends who will willingly continue this arrangement with the new owner, should the home be ...

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 to the local Madeira Tax Office.  Permanent residents in Madeira who rented out ...

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 in ascertaining that the property conforms to the new regulations applicable by ...

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 as well as Madeira Island administration of condominiums is not regulated by ...

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 upon signature of the Promissory Contract of Sale the Lease Agreement, whichever ...