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Madeira Real Estate news in Funchal, Madeira Portugal – June 2009 – AJF De Nobrega of Nobrega Realty will be awarded the prestigious Certified International Property Specialist (CIPS) designation and will join a worldwide referral network of ...[Read More]
The recession in the Euro-zone is a profound and long one. The European Central Bank predicts a recovery only in 12 months’ time and does not exclude the possibility of a new financial crisis in between if there is no economic growth. According to ...[Read More]
SÃO VICENTE - A true paradise bestowing the greenest forest in the island of Madeira. All Levada walk lovers, surf enthusiasts and nature lovers in general will discover untouched natural landscape beauty within 40km’s drive through new roads ...[Read More]
Portugal occupies the 34 th position on a list of 57 countries that form part of the 2009 WORLD COMPETITIVENESS YEARBOOK , organised by the Institute for Management Development. Portugal improved 3 positions in comparison to the 2008 performance figures. ...[Read More]
The European Central Bank announced a further 0.25% drop in mortgage interest rates this week. The new mortgage interest rate of 1% is considered locally to be a historic all time low and many families will save on their monthly mortgage repayments. This ...[Read More]
This Madeiran- style home has been on the open market for 6 months. The original asking price was €250000. During this period there were two price adjustments and it has just been sold for €197 000 – a reduction of 21% from the original ...[Read More]
News from the European Commissioner on consumer matters, Meglena Kuneva, announced at DECO’s 35th anniversary seminar that some commissions being charged by banks to consumers were unjustified. She further stated that Brussels will disclose an in-depth ...[Read More]
FUNCHAL, MADEIRA ISLAND IS THE GREENEST IN THE WHOLE OF PORTUGAL According to the European study “ State of European Cities Report - Adding Value to the European Urban Audit” released in 2007 , Funchal city is considered to be the city with ...[Read More]
A retired couple, presently living near the mountains of CHIANGMARY in Thailand are looking to exchange their home for a similar home in the same price range in Madeira Island, Portugal. Their property in Thailand is a company owned one, thus benefiting ...[Read More]
Portugal’s 8 th of April 2009 edition of “Diario Economico” reports that 10% of the total homes in Portugal are presently on the market for sale. New construction has decreased but the number of used or resale homes on the market have ...[Read More]
The recent bank interest rate drop announced by major banking institutions in Madeira Island, Portugal will have no or very little effect on the local economy. The Central European bank has virtually commanded local banks to reduce their interest rates ...[Read More]
Madeira Island - Funchal’s scenic port was recipient to the “Best Destination Experience” Award at the largest cruise liner industry trade fair held in MIAMI, USA - a 4 day event which ended on the 19 th March. The award was based on ...[Read More]
This was the headline in the Mail on Sunday Property Page - 1 st March 09 edition written by Fred Redwood reporting that Madeira island is not just a haven for oldies any more. Despite its splendid botanical gardens and sub-tropical climate, some still ...[Read More]
Property values in Madeira Island have fallen by 20 to 30% according to a recent article published this week in one of the local reputable newspapers. Banks have become more conservative in their evaluations of property and clients’ credit loan applications. ...[Read More]
NUNCA O DINHEIRO PARA COMPRAR CASA ESTEVE TÃO BARATO As taxas Euribor atingiram ontem a centésima sessão consecutiva de quedas, estando todas 3,5 pontos percentuais abaixo dos respectivos máximos históricos. Amanhã ...[Read More]
FUNCHAL – NEW PORT AND MARINA NEWS The original plans for the new port in Funchal have been altered. According to recent news the project which was estimated to cost in the region of around €6.5 Million will now cost €15Million and is due ...[Read More]
IDEAL FOR GOLF ENTHUSIASTS , this freehold property, being company owned effectively means savings of approximately €70,000 on Purchase Costs. Located within walking distance of the new proposed Golf Course in Ponta do Pargo . Nowadays construction ...[Read More]
An 8 minute black and white movie clip on the culture in Madeira Island dated all the way back to 1931 and produced by a British gentleman by the name of James Fitzpatrick of TRAVELTALK is available on YOU TUBE and has received a total of over 11 000 visits. ...[Read More]
The IMT Tax on property which forms part of the transfer title costs when purchasing property has been revised for 2009; this year there are two tables – one for permanent residents (people who reside for 6 months and more during the year) and another ...[Read More]
BUYING PROPERTY IN MADEIRA INTO CONDOMINIUM / FRACTIONAL OWNERSHIP ? In a recent survey conducted by DECO PROTESTE (The Portuguese Association for consumer protection) 2 out of 3 consumers reported condominium management problems. In mainland Portugal ...[Read More]
As from January 2009 and in accordance with recent approved legislation (law “Art. 3DL nº. 78/2006”) both Sellers and Lessors are obliged to provide their respective property Buyers and Lessees with an energy and indoor air quality certificate ...[Read More]
The property market in Madeira is still active despite the abundance of supply in the market. This family home close to Calheta Beach was exclusively marketed by Tony de Nobrega of Nobrega Realty and was on the market for 65 days before being bought by ...[Read More]
Madeira Island has been effectively been reported to reflect the least vulnerable of all regions in Portugal in regard to predictions on future impacts as a result of global warming. This report was divulged at a recent EU study “REGIONS 2020” ...[Read More]
For those planning to buy property in Madeira before the end of 2008, my advice is to have it registered only after the 1 st of January 2009. From this date onwards, registering property can be effected at any of the 337 national notary offices dispersed ...[Read More]
OCEANFRONT CALHETA COTTAGE SOLD IN RECORD TIME A stunning ocean front cottage situated in the village of Calheta with awesome sea views overlooking the Atlantic Ocean and Calheta Beach was on the market for 59 days and recently sold close to the asking ...[Read More]
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