EXPECTED OCCUPANCY BY MID OF 2023.
Located in Funchal, close to the Promenade, Forum Madeira, Praia Formosa, this new development with only 10 apartments is a contemporary take on classic European living. Unique character and soul.
Created by careful hands and thoughtful minds. An excellent balance between aesthetics and functionality offering good finishes and excellent materials.
The choice of materials emphasizes the contrast of colors and the simplicity of the architectural lines, combining functionality and comfort.
Spacious areas ranging from 161m2 to 355,55m2. All three bedrooms plus office.
PAVING
Light colored porcelain stoneware and multilayer flooring in Oak wood
or similar.
WALLS
Projected plaster with smooth finish and and painted with white plastic paint
plastic paint, Cinacryl type or similar and Porcelain Stoneware.
CEILINGS
Projected plaster with smooth finish and painted with white plastic paint, like
plastic paint, Cin Vinylmatt type or similar.
WINDOWS AND FRAMES
In lacquered aluminum with double glass.
KITCHEN FURNITURE
In water-repellent MDF, with the upper ones lacquered in gray color and wood accents
in wood with top in Silestone or Kryon.
ENTRANCE DOOR
Armored door with security lock.
NOTE: The areas indicated on the plan correspond to the usable areas of each space and are merely indicative and approximate to the final result. The images of the development presented here are merely visual anticipations of the final product. During the course of construction the development may, for technical or commercial reasons, undergo alterations or variations. The furniture and decorative items shown are merely indicative and are not included in the final product to be marketed.
We have a selection of different properties available to fit all your requirements so call us to enquire further and obtain more information.
BY APPOINTMENT ONLY
For those considering an investment in a luxury residence as a second (holiday) home or as a retirement destination, consider the advantages that Madeira Island has to offer:
• Security. Madeira is virtually crime free and one of the safest holiday destinations in the world!
• Sub-tropical climate – warm & pleasant year round.
• Natural beauty – lush & colourful, known as the “”Garden or Pearl of the Atlantic””.
• Ease of access – within 3 hours flight time from most European cities, direct flights from over 40 destinations in Europe, daily flights to London and Lisbon.
• Protected environment – 70% of the island is protected parkland & forest.
• Activities/Amenities – wide range of sports & leisure activities; two Golf courses near to Funchal
• Tourist infrastructure – long known as a quality tourist destination, with lots to see & do
• Quality of life – a friendly, safe & clean place to visit and to live in.
Legal and fiscal situation
• Property transfer taxes – IMT tax, Stamp duty, registration and notary fees – max. 7%
• Inheritance tax – Effective 1st January 2004, inheritance tax abolished in Portugal. There is still a 10% stamp duty charge though on transfer of assets. Gifts/donations to a spouse (husband or wife), children, parents or grandparents are exempt.
• Capital gains tax – Flat 25% tax levy on all capital gains affected by non-residents.
• Portuguese (EU) Residence Permit – Since July 2012, the NON-EU PURCHASER has a right to apply for a Portuguese residence permit (with subsequent freedom of movement in Schengen countries) following purchase of real estate in Portugal with A MINIMUM INVESTMENT OF €500.000
• Non-Habitual Residents Regime – offering fiscal advantages particularly to non-Portuguese retirees taking up residence in Portugal
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.
