Apartments on the coast of Funchal
Portugal, Funchal
from €350,000
76 m² • from €3,921.57 m²
Elena Kozyrevaexpert of the Portugal residence permit program for investment
Portugal D7 Visa
4+ months€820+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 moreCost
Property cost
€350,000 — €600,000
Price for m²
€3,921.57 — €4,605.26
Purchase taxes
IMT - 7%; IMI - 0,3-0,8%
State fees
0,8%
Distances
Ocean 1 km
Infrastructure 500 m
Airport 18 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
For sale is a 1,2-bedroom apartments in the center of Funchal, which currently has one of the highest prices in Portugal. The place has a high demand for tourism. The rehabilitation project is located in the ARU area of Funchal and is therefore eligible for the Golden Visa program (investment value 350,000 euros).The apartment is designed with a modern and spacious layout, offering the perfect balance between comfort and functionality. The private terrace provides ample space for relaxing and dining, as well as breathtaking views of the city and the surrounding hills.The project is located in a relatively quiet area, but only a few minutes from the most important and attractive places in the city. The street is lined with well-known international brands, as well as the best cafes in the city. The courthouse and town hall are also conveniently located just around the corner.
- The purchase price of real estate is below market for investors at an early stage.
- The rapid growth in the value of real estate when approving an architectural project.
- The property will be managed by a local company.
Real estate
Object type
Object category
Renovation
Object stage
Construction
Permits
Yes
Object completion date
2025
Design features
Ownership
Characteristics
Total area
76 m² — 153 m²
Number of storeys
3
Bedrooms
1—2
Baths
1—2
Parking
No
View
City
Properties
Balcony
Garden on the plot
Internet
TV
