House Prices in Madeira Climb 13.6% Over the Past Year
Madeira's housing market surged 13.6% annually by November 2023, driven by Santa Cruz's 21.4% growth. Funchal remains the priciest, echoing Portugal's national trends.
Madeira's housing market surged 13.6% annually by November 2023, driven by Santa Cruz's 21.4% growth. Funchal remains the priciest, echoing Portugal's national trends.
Transportation powerhouse Uber announced it will return to Madeira! After a three-year absence, the regional government has granted approval, bringing new mobility options and fresh competition to the island.
Funchal is making a big investment in this year's New Year's Eve fireworks, but topping last year's spectacular display, which left a lasting impression on many, will be a tough challenge.
Madeira’s defense forces simulated a 30-meter tsunami, revealing vulnerabilities in Caniçal, Santa Cruz, Machico, and Funchal. Key areas, including Funchal’s Lido area are in danger.
Madeira's bus services carried 16 million passengers from January to September 2024, reflecting a 25.2% year-on-year increase and growing public transport demand.
The figure comes from search data on Idealista.pt and should be interpreted with caution. Local buyers, who are often better informed and rely on alternative sources, may not use Idealista.pt as frequently for real estate searches.
Brussels Airlines unveils a new summer route to Madeira, offering weekly direct flights from the European capital starting April 2025
In October 2024, Madeira’s housing bank valuations surpassed €2,000/m² for the first time, reflecting the highest growth in Portugal. The increase was mainly driven by rising apartment valuations and strong market activity.
Every 10 minutes, a woman is killed by a partner or family member. With these numbers in mind, Madeira marked the International Day for the Elimination of Violence Against Women with a series of events at the Legislative Assembly.
Madeira has made significant progress in improving public transportation on the island. However, not everything is going as planned: SIGA seems barely able to cope with the increasing demand, and longstanding issues remain unresolved.
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