Stylish Two-Bed Apartment in New Development on Estrada Monumental
€1,590,000€8,933/m²
181 Monumental, Portugal
2
bedrooms
3
bathrooms
178 m²
interior
Apartment
property type
31 May 2026
listed
The Habio take
AI summaryThis 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
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.
- 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).
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
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