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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


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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Ocean 1km
Airport 18km
Infrastructure 500m

Yield and management

Yield 3—5%
Property management Yes


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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Total area 70 m²
Number of storeys 3
Bedrooms 1–2
Baths 1–2
View city
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Garden on the plot


Object sold
from €355,000

from 70 m² • from €4,000 m²

Zlata Erlach investment
programs 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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