Welcome to Proprifunchal
Our company is an officially licensed real estate agency (Mediador Autorizado nº. 6265-AMI) that specializes in finding suitable properties on the island of Madeira for overseas buyers that use the internet for research purposes.
Madeira Island has many properties for sale and for rent, and it's safe to say that connections to Funchal and the Airport from all parts of the island are made considerably easier by the recently completed highways. You need a reliable english speaking real estate agent to help you make the right choice to ensure a trouble free move. Whether buying or renting a property on Madeira, be it a villa, house, apartment or even land, its important to know that you will be well looked after and given a sincere service.
Client Reference
Kevin & Dilys, UK
Prior to coming to Madeira, Proprifunchal and in particular Graça Caires, was recommended to us as an excellent, local, real estate agency. We agree with that description whole heartedly.
Upon arrival Graça accompanied us on viewings (and second viewings) and was very informative about the various areas surrounding properties, pointing out the positive and negative aspects of each area. That level of support and advice made the buying process very comfortable for us. Once we had settled on a property, she then kept in touch with us and through her kindness, we soon settled in to our new life in this lovely city.
We recommend Graça to you. If you work with Proprifunchal you will be assured of an honest and refreshing experience, thanks to the kindness and support of a person who likes to understand the needs of her clients.
Graça's tip:
Which lawyer to use? - This is an important decision and for your personal comfort, we suggest that you ONLY select a fully qualified lawyer who is a member of the Portuguese Law Society, or a firm that has international representation in Madeira. Never use the same lawyer as the person who is selling the property.
SEE OUR PROPERTY LISTINGS
Property Agents & Developers
in this category. Click on link to view.
Graça Caires (Managing Director)
Rua Cooperativa Agrícola do Funchal
Bloco E - 1º Andar - Sala A
9000 Funchal
Madeira, PORTUGAL
Telephone: (351) 291 241629
Fax: (351) 291 224720
Mobile: (351) 968633502
Email: graca@netmadeira.com
Buying Guide
These brief notes are intended only to guide you at the initial stages of property hunting in Madeira. Your lawyer will be able to advise you of the full technicalities of property purchase, and will indeed perform these tasks on your behalf.
Stage 1 - Are you ready to buy?
If you are REALLY ready to buy, this means that if you find your ideal property with Proprifunchal, you will be able to nominate a lawyer of your choice and have funds available to pay the required deposit on your chosen property. This does not have to be done while you are visiting the island, but can be postponed until you return home and have appointed lawyers to verify the documentation.
Stage 2 - Promissory Agreement
Having chosen your property and agreed a purchase price with the vendor, it is customary for a 'Promissory Agreement' to be drawn up and agreed upon by lawyers acting for both vendor and purchaser. This agreement obligates the vendor to sell the property at the agreed price, and the purchaser to buy. Under Portuguese law, if the vendor cancels their decision to sell they must compensate the purchaser twice the value of the deposit paid. If the purchaser cancels their decision to buy, they will forfeit the deposit paid. The amount of the deposit (typically 30%) and date by which the balance must be paid, are open to negotiation between both parties.
NOTE: It is possible for the purchase of a property to be completed in as little as two weeks if both parties elect to bypass the 'promissory agreement' and go directly to the 'escritura' stage.
Stage 3 - Pay the Deposit
Normally paid by bank transfer according to negotiated terms within the promissory agreement.
Stage 4 - Escritura
To officially conclude the sale and purchase of the property, the transfer of the Title Deed occurs at the 'Escritura' act which is officiated by a Public Notary. The date of this act is subject to the terms of the Promissory Agreement. It is at this point that the balance of the funds are paid and the 'keys' of the property will be handed over.
Stage 5 - Caderneta Predial
Your lawyer will complete the property registration process by notifying the land registry department (Certidão Registro Predial) of the 'escritura' details and that you are now the legal owner. This allows the local government to record you as the person responsible for paying annual 'rates' on the property by way of a document known as the 'Caderneta Predial'.
Additional expenses to consider
You should budget an additional 5% over the purchase price of your property to cover the costs of lawyers fees, notary fees and government taxes. It can be less than this but we generally advise to err on the side of caution.
Graça Caires (Managing Director)
Rua Cooperativa Agrícola do Funchal
Bloco E - 1º Andar - Sala A
9000 Funchal
Madeira, PORTUGAL
Telephone: (351) 291 241629
Fax: (351) 291 224720
Mobile: (351) 968633502
Email: graca@netmadeira.com
Buying Guide
These brief notes are intended only to guide you at the initial stages of property hunting in Madeira. Your lawyer will be able to advise you of the full technicalities of property purchase, and will indeed perform these tasks on your behalf.
Stage 1 - Are you ready to buy?
If you are REALLY ready to buy, this means that if you find your ideal property with Proprifunchal, you will be able to nominate a lawyer of your choice and have funds available to pay the required deposit on your chosen property. This does not have to be done while you are visiting the island, but can be postponed until you return home and have appointed lawyers to verify the documentation.
Stage 2 - Promissory Agreement
Having chosen your property and agreed a purchase price with the vendor, it is customary for a 'Promissory Agreement' to be drawn up and agreed upon by lawyers acting for both vendor and purchaser. This agreement obligates the vendor to sell the property at the agreed price, and the purchaser to buy. Under Portuguese law, if the vendor cancels their decision to sell they must compensate the purchaser twice the value of the deposit paid. If the purchaser cancels their decision to buy, they will forfeit the deposit paid. The amount of the deposit (typically 30%) and date by which the balance must be paid, are open to negotiation between both parties.
NOTE: It is possible for the purchase of a property to be completed in as little as two weeks if both parties elect to bypass the 'promissory agreement' and go directly to the 'escritura' stage.
Stage 3 - Pay the Deposit
Normally paid by bank transfer according to negotiated terms within the promissory agreement.
Stage 4 - Escritura
To officially conclude the sale and purchase of the property, the transfer of the Title Deed occurs at the 'Escritura' act which is officiated by a Public Notary. The date of this act is subject to the terms of the Promissory Agreement. It is at this point that the balance of the funds are paid and the 'keys' of the property will be handed over.
Stage 5 - Caderneta Predial
Your lawyer will complete the property registration process by notifying the land registry department (Certidão Registro Predial) of the 'escritura' details and that you are now the legal owner. This allows the local government to record you as the person responsible for paying annual 'rates' on the property by way of a document known as the 'Caderneta Predial'.
Additional expenses to consider
You should budget an additional 5% over the purchase price of your property to cover the costs of lawyers fees, notary fees and government taxes. It can be less than this but we generally advise to err on the side of caution.