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Posts published in “Property”

Illegal ‘Free Trade Zone Funds’ For Housing

Paulo Cafôfo assured today, that housing is the main priority for the PS-Madeira, and defended that the millions of euros, referring to the illegal support that was granted to companies in the Free Trade Zone, which the Tax Authority has been recovering, be channelled into the construction and rehabilitation of…

Reasonably Priced Houses Becoming Rarer and Rarer

The ‘Imovirtual’ portal states that in Madeira, house buyers are looking for properties costing, on average, around 245 thousand euros, while properties are being advertised, for approximately 385 thousand euros. In Porto Santo, people are looking for properties costing around 240 thousand euros while most properties being offered at the…

AL Licences Refused

The Funchal City Council has rejected 187 requests for the use of properties as Local Accommodation this year. Local newspaper JM reported that João Rodrigues, councilor for Urbanism, confirmed that the municipality cancelled three existing licenses between January and August. Samantha Gannon info at madeira-weekly.com

Loan Limits For Banks

Banks that adhere to the public guarantee on housing loans to young people will have a limit on the guaranteed amount they can lend, and may later request a reinforcement, according to the latest version of the ordinance to which Lusa had access. According to the latest version of the…

Tension Between Firefighters and Civil Protection

The coordination of firefighting operations that ravaged Madeira for 13 days has intensified the tension between firefighters and the Civil Protection. In performance terms the centralised management deserved criticism on the ground, resurfacing old divergences such as the payment of support to volunteers or the cut in the allowances of…

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