Stylish Two-Bed Apartment in New Development on Estrada Monumental

€1,590,000

181 Monumental, 181 Monumental, PT

2 bed
3 bath
178 m²
apartment

The Habio take

AI summary

This spacious two-bedroom apartment in the new 181 Monumental development features three bathrooms and a generous internal area of 178 m². Located on Estrada Monumental, residents will enjoy convenient access to a variety of local amenities in this vibrant area of Madeira.

city
investment
luxury

Highlights

New development with modern features
Spacious 178 m² internal area
Prime location on Estrada Monumental
Close to local amenities
Potential for high rental demand

Worth knowing

Exact amenities and features not yet detailed
Construction timelines may vary

Good fit for: Ideal for buyers seeking a contemporary home in a lively, well-connected part of Madeira.

Lifestyle scores

Beach: 50
Walkable: 75
Remote work: 70
Family: 60
Retirement: 75
Airport access: 80
Investment: 85
Luxury: 80
Value: 65

About this place

181 Monumental is the name of the new development set to be built on Estrada Monumental, offering a prime location with easy access to all kinds of amenities.

Buying property in Portugal

Full guide →

Portugal is open to foreign buyers with no restrictions on ownership. A NIF (tax number) and Portuguese bank account are required, and most buyers engage an independent lawyer to handle searches, contracts, and the public deed.

The buying process

1
Get a NIF
Apply for a Portuguese tax number (Número de Identificação Fiscal). Non-EU residents need a fiscal representative.
2
Open a bank account
Open a local account to handle the deposit, taxes, and ongoing utility payments.
3
Engage a lawyer
Hire an independent lawyer (not the seller's) to run title and planning searches.
4
Sign the CPCV
Promissory contract (Contrato de Promessa de Compra e Venda) with a deposit, typically 10–30%.
5
Final searches & funds
Lawyer confirms clean title; you transfer the balance and pay IMT and stamp duty before completion.
6
Escritura (deed)
Sign the public deed at a notary or via online platform Casa Pronta. Keys handed over.
7
Register the property
Lawyer registers the new ownership at the Land Registry (Conservatória do Registo Predial).

NIF (tax number)
Portuguese bank account
Passport / ID
Fiscal representative(optional)
Required for non-EU/EEA residents

The Golden Visa programme no longer accepts residential real estate as a qualifying investment (changed 2023). Mortgages are available to non-residents, typically up to 60–70% LTV.

General guidance only — confirm specifics with a qualified local lawyer or tax adviser. Reference