Madeira TVDE Law Declared Unconstitutional
The Representative of the Republic for Madeira blocked a regional law on ride-hailing services, stating the government exceeded its powers by trying to stop issuing new operator and driver licenses.
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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Housing Prices in Madeira Rise 15.9%, Reaching Record Levels
Housing prices in Madeira continue to rise, with the average cost per square meter increasing by €306 - a year-on-year increase of nearly 16%.
JPP Wants "At Least" One New Supermarket Chain in Madeira
Funchal's JPP candidate vows to fight Funchal’s rising food prices, promising to bring a new supermarket chain to boost competition, ease families’ burden, and challenge government inaction.
Base Salary in Madeira Rises 4,8%, Reaching €1,268
The average gross base salary in Madeira reaches €1,268. See how it compares with salaries across Portugal.
Ponta do Pargo Golf Course: Detaching Policy from Local Reality
Madeira spends €12 million to build its fourth golf course in a protected area, despite a widespread decline in purchasing power, an existential housing crisis and limited road infrastructure.
Watch the Opening Ceremony of Continente in São Vicente
Continente opened its 17th Madeiran store in São Vicente, investing €8 million. Watch the video of the official ceremony featuring regional and local leaders.
Thoughts on The Recent Times of Madeira Facebook Survey
The recent Facebook survey got results that may come as a surprise. Here are some thoughts on why almost 2/3 want strict visitor quotas in Madeira.
Madeira Wine Sales and Exports Decline in Early 2025
In the first six months of 2025, Madeira wine experienced a drop in sales and revenue, as both local and international demand decreased from the same period in 2024.
Alojamento Local in Madeira Grows 19.3% Compared to May 2024
In May 2025, Madeira’s tourism recorded 1.15 million overnight stays (up 7.8%), with Alojamento Local (AL) stays rising 19.3%.
Madeira's Tax Revenue Grows to €1.3 Billion in 2024
In 2024, Madeira collected €1.32 billion in taxes, 9.2% more than in 2023. Higher company profits and consumer spending helped balance a drop in income tax caused by tax cuts.
Mortgage Payment Falls Below €400 for First Time Since 2023
Monthly mortgage payments keep falling, despite total loan amounts increasing.
