Quaint cottage in the country side for sale.
Located in a very quiet rural area of Calheta on a plot of 1000m2. Two bedrooms. One bathroom. Nice well maintained garden. Fireplace. Double glaze windows. A porch.
With a range of exotic fruit trees. (30 different types).
PROCEDURES ON BUYING PROPERTY IN MADEIRA?
Once you have found the right home, made an offer, negotiated the price and it has been accepted promissory contract needs to be prepared by a recommended Portuguese Lawyer and signed by all parties.
Before you are able to sign the purchase contract you will need to obtain a Portuguese fiscal number.
When buying property in Madeira be sure that you budget not only for the purchase price but also purchase taxes, stamp duty and notary fees.
Property Purchase Tax: This is payable immediately, prior to the final purchase deed being carried out.
There is a tax-free limit of €115 509 (one hundred and fifteen thousand and five hundred and nine euros) so for properties under this value no purchase tax is payable.
For properties above this value, there is a sliding scale of up to a maximum of 6% of the purchase price.
If you are purchasing land only, the Property purchase tax is charged at a flat rate of 6.5% – irrespective of the sale value.
Municipality Tax (IMI): This is an annual tax for local services such as rubbish collection, roads, schools etc.
ABOUT PRIME PROPERTIES MADEIRA REAL ESTATE
Discover the perfect home for you in Madeira, Portugal today!
Prime Properties Madeira Real Estate is a local, well-established, licensed, real estate agency providing a complete service to international buyers looking to invest in Madeira, Portugal whether for holiday homes or permanent living residence. Our properties include villas, houses, quintas, apartments, land and commercial properties. We also offer a PROPERTY FINDING SERVICE, working with a few select real estate agencies in Madeira to deliver a personalised service through the entire purchase process from viewings, negotiation, legal expertise, mortgages, relocation etc. We pride ourselves on working together to European standards of honesty, integrity and transparency. We provide excellent after sales service.