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.
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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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?
Can Madeira Ban Property Sales to Non-Residents?
In order to protect locals from ever increasing real estate prices, Madeira is facing growing debate over whether it can ban property sales to non-residents. Here's why such measures are highly unlikely.
President Albuquerque Rejects Limits on Foreign Property Sales
Miguel Albuquerque is against limiting foreign investment in Madeira’s housing market, believing it would negatively impact the economy. Instead, he supports expanding affordable housing through government projects and cooperative models to manage rising.
Rent Madeira's Most Expensive House for 19,500 €/Month
For the past few days, Idealista has been listing a rental property in Funchal for €19,500 per month. Could you afford it?
