The Erosion of Purchasing Power for Renters in Madeira
Non-property owners in Madeira have faced a significant decline in purchasing power over the past few years. Here's why!
Economy
Explore the economic pulse of Madeira. Get the latest news on key sectors like tourism, agriculture, and industry. Stay updated on business developments, investments, employment trends, and government policies shaping the island's financial landscape.
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CDS: Madeira is Portugals Priciest Region, With the Lowest Wages
Brutally honest or an admission of failure? The CDS ruling party claims Madeira has become the most expensive region in Portugal with the lowest salaries.
Trump Imposes 200% Tariff on EU Alcoholic Beverages
President Donald Trump is escalating the tariff policies, announcing a 200% tariff on European alcoholic beverages, including Madeira wine. This move primarily targets France, which sought to hold U.S. tech giants accountable for taxes.
President Promises Cheap Housing & More Foreign Investments
We are working to ensure a cohesive and harmonious society, where locals can have access to affordable housing, says Madeira's president.
40,000 Rental Cars in Madeira Raise Concerns With Taxi Drivers
Madeira’s taxi drivers are alarmed by the surge in transport licenses, fearing increased competition from tourist transport services and rental cars.
Madeira Tourism Hits Record €756 Million in 2024
Madeira's tourism industry hit a record €756.7 million in 2024, growing 15.3%. Key figures show increases in revenue, occupancy, and visitor numbers, with German, UK and Portuguese markets driving growth.
Is the Mercosur Deal a Threat to Madeira’s Banana Industry?
Officials warn that the Mercosur-EU trade deal could threaten Madeira’s banana industry, as cheaper South American imports may overwhelm local farmers, making it harder for them to compete and risking their livelihoods in the European market.
The State of Madeira’s Banking Sector
Madeira’s banking sector has changed over the years. In 2023, the number of bank branches hit a decades-long low, while interest income for local banks saw a sharp rise.
Immigrants Double Social Security Contributions in Just 4 Years
Immigrant workers are increasingly vital to Portugal’s economy, now contributing over 12% to social security revenues. Their role in filling labor shortages continues to expand.
Forum Madeira Has a New Owner
Forum Madeira shopping center, marking 20 years since its launch, has been sold to the Spanish company Caminho PropÃcio, transitioning from its previous German owners, DWS.
Funchal Among Least Profitable Cities in Portugal for Real Estate
Funchal is currently one of the least profitable cities for investors looking to buy property for rental income.
