Madeira Creates Task Force to Speed Up Housing Projects
Madeira plans to invest €143 million in housing in 2025 and create a task force to speed up construction and help tackle the shortage of affordable homes.
Real Estate
Madeira has seen crucial changes in the real estate market. Property prices and rentals went through the roof and many are finding it increasingly difficult to find housing. Stay ahead with the latest property & real estate news on Madeira Island.
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Homes in Funchal Renting 3 Times Faster Than The National Average
Funchal is now the fastest city in Portugal to rent a home. One in four homes is rented in less than 24 hours.
Portugal Offers 100% Loan Financing for Young People's First Home
Until December 2026, the Government offers young people (up to 35) the chance to purchase their first home with 100% financing, eliminating the need for a downpayment and allowing everyone with a decent income to stop renting and purchase a home.
Insights on Madeira's Fast-Paced Real Estate Market
While foreign nationals constitute a small portion of Madeira’s population at 5.5% in 2023, they play a dominant role in the real estate sector, making up 50% of market demand today.
Tent in Funchal Listed as Vacation Rental on Booking.com
A bizarre tent listing in Funchal popped up on Booking.com. With prices around €𝟮𝟬𝟬 and no reservations allowed, the listing - which is still online - raises questions.
Rent a T0 in Funchal for €1500 (€33/m²) Plus Extra Costs
This T0 studio listed at a whopping €1,500 exemplifies the broader trend of escalating costs and reduced housing accessibility for many residents.
€63.3 Million Deal Brings Forum Madeira Under Vukile’s Ownership
Forum Madeira was sold for €63.3 million, offering the new owners an anticipated annual net income of €6 million.
Funchal's Short-Term Rentals Grow, Price Hits 16.8 €/m²
Average prices for short-term rentals in Funchal have reached 16.8 €/m². Demand for temporary housing in Portugal is now 65% higher than in 2019, with the availability increasing by 50% over the past 12 months.
House Rental Prices in Funchal Climb 9 Times Faster Than in Lisbon
Funchal is on track to close the gap and claim the infamous title of Portugal's most expensive city, with rental prices for houses rising nine times faster than in Lisbon.
Rent a T4 House in Funchal Next to Via Rápida for €10.000
With the stakes set at €10,000 per month, how much would you consider paying for a T4 located under the Via Rápida in Funchal?
Nova Direita Wants To Tackle Housing Crisis With Modular Homes
A new two-room apartment for under €70,000? Modular housing promises just that, according to the leader of the Nova Direita party. Could this be the key to addressing Madeira’s housing crisis?
