Apartments on the coast of Funchal

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Portugal, Funchal
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76 m² — 153 m²
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1—2 Bedrooms
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1—2 Baths
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ID PRT246374

from €350,000

76 m² • from €3,921.57 m²
Elena Kozyrevaexpert of the Portugal residence permit program for investment
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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 more

Cost

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

Apartments

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

Location

Schedule a meeting

Let's discuss the details

We will develop an individual solution, select a country and status that will solve your problems, and accompany the entire process.

Zlata Erlach
Zlata Erlach

Head of the Austrian office

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