O Portinho: New €100 Million Hotel in Santa Cruz
Blessing or curse? Madeira’s heavy dependence on tourism is set to further intensify with the announcement of the €100 million beachside hotel project “O Portinho” in Caniço.
Economy
Get the latest updates on Madeira’s economic landscape, covering key sectors like tourism, retail, real estate, and local industry. Follow news on business developments, investment initiatives, and policies shaping the island’s financial trends.
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155 Posts
Rents in Portugal Fall for Third Month as Supply Increases
Prices for renting in Madeira increased 5.0% since December and 5.2% year-on-year.
Madeira Taxi Fare Cut Fails as Taximeters Reject Lower Rates
Bummer! Madeira taxis failed to lower fares by adjusting taximeters, revealing a setup that does not allow price decreases.
Madeira Housing Values Rise 18.1% in One Year
In 2025, bank valuations for housing in Madeira increased 18.1% year-on-year.
Madeira Launches Venture Capital Fund to Support Local Companies
Madeira is launching its first dedicated regional venture capital fund and reforming incubation centers to drive local startup financing and growth.
Inflation in Madeira Increases to 3.5% in 2025
Inflation in Madeira in 2025 is estimated at 3.5%. It is higher than in 2024 and is expected to exceed the national rate by 1.2%.
ACIF Warns That Tourist Taxes Can Threaten Madeira’s Economy
The Madeiran Chamber of Commerce warns that tourist taxes risk to confuse visitors, make business harder and damage the islands economy in the long term.
São Vicente Launches New Tourist Tax in April
São Vicente will introduce a tourist tax in April, leaving just one of Madeira’s 11 municipalities without a current or planned tax.
Madeira Cruise Tourism Brings €62 Million in 2025
Funchal’s cruise port closed 2025 with record €62 million impact and 750,000 passengers, but growth slowed compared with the stronger increase seen in 2024.
Madeira Sees Record Employment in Foreign-Owned Companies
In 2024, Madeira saw record employment in foreign-owned companies, with 243 firms creating over 5 000 jobs and significant economic impact.
Madeira Home Prices Up 14.6% in 2025
According to Idealista, Madeira recorded a 14.6% increase in property prices over the past year, proving robust market activity and tight housing conditions.
