Apartments in a new residential project on the coast of Madeira

Portugal, Funchal

ID PRT54218

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Portugal, Funchal

212 m² — 400 m²

2—4 Bedrooms

2—3 Baths

ID PRT54218

€675,000 — €2,500,000

212 m² • €3,183.96+ m²

Property sold

This property is sold, but we will help you find another one

Elena KozyrevaExpert on real estate and residency after d visas by investment in Portugal

+43 (670) 308-21-75

Portugal D7 Visa

6+ monthsNot limited

Portugal does not grant residence permits for investments in real estate under the Golden Visa program.

However, property purchase or rental is obligatory when obtaining a residence permit under a D7 visa.

Learn more

Not limited

Monthly income

6+ months

Obtaining period

Learn more

Cost

Property cost

€675,000 — €2,500,000

Price for m²

€3,183.96 — €6,250

Purchase taxes

IMT - 6-8%; IMI - 0,3-0,8%

State fees

0,8%

Distances

Ocean 50 m

Infrastructure 100 m

Airport 29 km

Yield and management

Yield

3-5%

Property management

Yes

We will help you sell the object if you decide to exit the investment

Description

The project is represented by a condominium in one of the modern residential areas of Funchal - Ajuda. Funchal is a picturesque metropolitan city stretched along the ocean coast in the south of Madeira. It is the most important commercial and industrial center. The decoration of the city is a busy seaport, where rows of white yachts are moored and cruise ships are parked. The project is located just minutes from the city center, highway, shopping center, cinemas and the beach.

The complex consists of 10 buildings with 6 floors. 1, 2 and 3 bedroom apartments are available for sale. All apartments have a parking space and a storage room. The pool, grounds and fantastic location are some of the benefits for future buyers/investors.

This object is suitable for option €500 000.