Real Estate on Madeira Island

Whole process of buying a property in Madeira
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Whole process of buying a property in Madeira

There are many beautiful islands in this world! Living in paradise, permanently escaping from everyday life in your home country, living where others go on holiday! – Too often, however, the realisation fails. Too far away, too hot in summer, too cold in winter, storms and rain seasons over months. Too much climate fluctuation, and above all, not enough real estate options. But don’t worry, the dream island exists and is called Madeira! These hurdles do not exist on the island of Madeira. Here you have the healthiest climate in the world, it is moderately warm all year long and still green. No rain or dry season, exclusively paradisiacal climate and all this with an affordable and relaxed flight from almost any European airport. The dream is alive!! And the best part? The choice of real estate is as spectacular and varied as the beauty of nature.

Let’s make your dream of a property in paradise come true together.

The current real estate situation in Madeira is very dynamic. Due to the last pandemic years, more and more people are drawn to the beautiful island of Madeira. The market continues to pick up speed and new dream homes are constantly being built and beautiful building plots are being developed. Madeira always manages to maintain a good balance between new properties and traditional buildings. The renovation of existing properties is even subsidised by the state in some parts of the island in order to achieve a sustainable modernisation of the landscape. Madeira is and remains a great symbiosis of the development of building plots and extensive preservation of paradisiacal nature. Besides the increased quality of life, the market offers real sustainable investment potential. Whether for renting out with tourism purposes or simply as a capital investment. The market is growing and buying a property in Madeira is a good idea in many respects.

Always buy through a licensed agency where you are protected throughout the purchasing process by Portuguese law. As an agency, we have to pay a fee to renew our license every year with a criminal record check of the owners and management before renewal is issued. For each property, be it a house, apartment, old building or land, we have to have on file all the registered documents and energy certificate, ID and tax numbers of the owners before we can advertise it for sale.

Once a decision to purchase has been made, a “Promissory Contract” is drawn up at the agency, where the details of the owner, purchaser and property are included, all under Portuguese Law. This means that the vendor (the owner) promises to sell the property to the purchaser and the purchaser promises to buy the property from the owner and the purchaser then pays a deposit (usually 10% of the purchase price) directly to the owner. In this contract a date between the two parties is agreed for the signing of the “Escritura” (the deed) at the Notary. At the date for the signing of the “Escritura” at the Notary, the proof of payment of the IMT and Imposto do Selo at the Tax office (which is normally paid by the purchaser the day before) and all the up to date legal documents of the property, the ID and tax numbers for both the Vendor and purchaser are checked by the Notary and are included in the “Escritura” (the deed). At this time the balance of the purchase price has to be paid either by a Portuguese Bank Cheque or approved bank transfer to the seller. The Notary’s fee and registration of the property fee is paid at the office of the Notary.

A simulation of the purchasing costs is printed by the agency for the purchaser. This shows the amount due of the IMT (Municipal transfer tax) and the Imposto do Selo (Stamp duty) to be paid at the Notary on the signing of the “Escritura” (the deed). This simulation can be calculated on a budget that the client has to purchase a property so that they know the overall costs. The real estate agency’s commission is paid by the seller of the property. So don’t hesitate to contact us so that we can assist you in your buying process.

properties

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Charming Modernized Stone House with Panoramic Ocean Views in Florencas, Calheta
Sales

Charming Modernized Stone House with Panoramic Ocean Views in Florencas,...

€ 425.000
Discover this beautifully restored traditional stone house, nestled in the tranquil setting of Florencas, Calheta, on the enchanting island of Madeira. This property masterfully combines historic charm with modern elegan ...
2 2 109 m2details
Chic T3 Villa with Pool and Stunning Ocean Views in Paul do Mar, Madeira
Sales

Chic T3 Villa with Pool and Stunning Ocean Views in Paul do Mar, Madeira

€ 975.000
Discover this elegant T3 villa, boasting modern architecture and breathtaking ocean views in the sunny southwest of Madeira. Built in 2022, this property offers a perfect blend of style and comfort. – Bedrooms & ...
3 3 181 m2details
13
Two Charming Stone Houses with Panoramic Sea Views in Calheta
Sales

Two Charming Stone Houses with Panoramic Sea Views in Calheta

€ 510.000
Elevate your living experience with these meticulously restored stone houses, perfectly situated in Calheta with breathtaking sea views and ideal sunlight exposure. This property, set on a generous 2,566 sqm plot, offers ...
2 2 170 m2details
17
Modern Luxury Living in the Heart of Funchal
Sales

Luxurious T3 Apartment in the Prestigious Virtudes Area, Funchal

€ 590.000
Elevate your lifestyle with this exquisite T3 apartment for sale in the renowned development, ‘The Place’, located in the elite Virtudes region of Funchal. This fourth-floor residence combines luxury with mod ...
3 1 114 m2details
21
Exceptional Apartments Available at The Hills – Presented by Exclusive Homes Madeira
Sales

Exceptional Apartments Available at The Hills – Presented by Exclusive H...

From € 290.000
Your Luxury Dream Home in Funchal Awaits Discover the pinnacle of luxury living at The Hills, proudly presented by Exclusive Homes Madeira. Located in the prestigious Barreiros area of Funchal, these T1 and T2 apartments ...
2 2 234 m2details
56
Sea Views house in Calheta, Madeira
Sales

Exclusive Homes Madeira Presents: A Unique Eco-Friendly house with Brea...

request
A Unique Eco-Friendly Residence with Breathtaking Ocean Views in Calheta, Madeira Introducing a distinctive property embodying unparalleled living spaces, fully equipped and ready to warmly welcome its new residents. Loc ...
6 4 225 m2details

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