International Buyers Drive Housing Demand in Madeira
Madeira continues to attract potential foreign buyers. Even though Portugal recently changed its tax incentives for property investors, international interest remains strong. According to the real-estate website Idealista, 42.5% of real estate searches in Madeira between August and October 2024 were made by people from abroad - mostly from Germany and the United Kingdom, according to data from Idealista.
Foreign Demand Recovers After Tax Changes
Portugal saw a drop in international property interest after the government ended the Golden Visa program and the Non-Habitual Residency (NHR) tax scheme in 2023. However, foreign demand is picking up again. By October 2024 and on Idealista, 18.8% of all property searches in Portugal were from international buyers, up from 13.5% earlier in the year. Madeira’s lifestyle, affordability, and natural beauty are big reasons for this renewed interest.
Foreign Demand for Homes for Sale in Portugal
The graph shows the percentage of real-estate searches from foreign countries on Idealista.pt dating back to 2022.
Housing Prices Expected to Rise in 2025
Experts predict that home prices in Madeira and across Portugal will keep going up in 2025. The island’s mix of safety, good weather, and affordable cost of living continues to attract buyers from around the world. New government tax incentives, such as the research and innovation tax scheme (IFICI+), might also bring more interest from foreign investors.
Source: Idealista
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