A "Perfectly Miserable Increase": Meal Allowance to Rise 10 Cents
A "handful of nothing": The government’s plan to raise the public sector meal allowance by just €0.10 a year has drawn sharp criticism.
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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Cabo GirĂŁo Entry Fee Increases By 66% From January
After a 50% hike in entry fees this year, taking in the spectacular views from Cabo Girão’s busy skywalk is set to rise by another 66%.
Real Estate Prices in Madeira Continue to Fall in Q2 2025
The median price for real estate in Madeira is falling for the second consecutive quarter. Despite annual growth, property sales have also sharply declined - here's what could happen next!
Rental Cars Reach 102,852 Bookings, €17M in Revenue
First ever public data on Madeira’s rental cars is here! In Q1 2025: 102,852 rentals, €17.07M revenue, 11,069 vehicles, mostly rented by German, Portuguese, and Polish tourists.
13% of Funchal Homes Sold In Less Than 7 Days
Time is money in Funchal’s housing market: around 13% of homes sold in less than a week, although this figure was already higher in previous periods.
Madeira Confirms First Case of H5 Bird Flu Virus in Wild Seagull
A wild seagull in Funchal tested positive for H5 avian influenza. President Albuquerque said authorities have activated surveillance and safety measures to prevent the virus from spreading to domestic birds and humans.
O Portinho: New €100 Million Hotel in Santa Cruz
Blessing or curse? Madeira’s heavy dependence on tourism is set to further intensify with the announcement of the €100 million beachside hotel project “O Portinho” in Caniço.
Funchal’s Real Estate Returns Drop to 4.8%: Is the Boom Ending?
Buying property in Funchal gives just 4.8% return, below the 6.9% national average. Is the island losing appeal for investors, signaling the end of its real estate boom?
Land Prices Around Ponta do Pargo Golf Course Doubled
After construction restarted in 2023, land around Ponta do Pargo’s golf course doubled in price, attracting more foreign investors to the island.
Madeira Waste Treatment Plant Has Reached Full Capacity
Madeira’s only waste treatment plant, Meia Serra, has hit maximum capacity, processing 3,800 tons daily. Authorities are seeking short term solutions to address the problem.
Why Does LIDL Hesitate to Invest in Madeira?
LIDLs investment in Madeira has long been planned, yet nothing happened. Find out what´s going on!
