Apartments on the coast of Funchal
Portugal, Funchal
ID PRT246374
Object sold
Apartments on the coast of Funchal
from €355,000
from 70 m² • from €4,000 m²
Portugal, Funchal
from 70 m²
1–2 beds
1–2 bathrooms
ID PRT246374
Cost
| Property cost | €355,000 – €580,000 |
| Price for m2 | €4,000 – €5,071 |
| Purchase taxes | IMT - 7%; IMI - 0,3-0,8% |
| State fees | 0,8% |
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Distances
Ocean 1km
Airport 18km
Infrastructure 500m
Yield and management
| Yield | 3—5% |
| Property management | Yes |
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.
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Real estate
| Object type | Apartments |
| Object category | Renovation |
| Object stage | Construction |
| Permits | On hand |
| Design features | Ownership |
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Characteristics
| Total area | 70 m² |
| Number of storeys | 3 |
| Bedrooms | 1–2 |
| Baths | 1–2 |
| View | city |
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Equipment
Properties
Balcony
Garden on the plot
Internet
TV
Location
Object sold
from €355,000
from 70 m² • from €4,000 m²
Zlata Erlach investmentprograms expert
Portugal Golden Visa
Real estate is eligible for participation in the program and obtaining a residence permit in Portugal.
Immigrant Invest is the official representative of the program.
€250,000+ Investment amount
2-6 months Obtaining period
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Let’s discuss the details
Schedule a meeting at one of the offices or online. A lawyer will analyze the situation, calculate the cost and help you find a solution based on your goals.
Zlata Erlach
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