Encumeada Road Closed for 2 Years: JPP Seeks Answers
JPP demands explanations from Madeira's Regional Government on the Encumeada road closure since 2024, affecting economy and safety.
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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Madeira Records 102 More Deaths Than Births in August
Madeira recorded more deaths than births in August 2026, with births declining at a sharper rate than mortality.
Over Half of Portuguese Consumers Lost Purchasing Power in Last Year
Over half of Portuguese consumers lost purchasing power last year. Only 13% saw any increase as cost of living pressures change shopping habits nationwide.
Porto do Funchal Named World's Best Cruise Terminal for Sustainability
Porto do Funchal shows sustainability excellence by winning World Cruise Award for 2026.
Madeira Inflation Rises to 3.8% in September
Inflation in Madeira reached 3.8% in September 2026, driven by rising fuel prices and services costs.
Madeirans Need 72% of Income to Buy a T2 Apartment
Housing costs in Madeira require 72% of average couple's income to buy a T2 apartment, highest in Portugal.
Madeira Says TAP Sale Must Not Cut Island Air Links
Madeira's government says the sale of up to 49.9% of TAP to Lufthansa must not weaken the air links between the islands and the mainland.
Madeira Housing Prices Fall 8.3% in Late 2025 Despite National Rise
Madeira saw housing prices fall 8.3% in 2025, standing out from most Portuguese regions, where property values continued to rise despite fewer transactions nationwide.
Rents in Portugal Fall for Third Month as Supply Increases
Prices for renting in Madeira increased 5.0% since December and 5.2% year-on-year.
Madeira Taxi Fare Cut Fails as Taximeters Reject Lower Rates
Bummer! Madeira taxis failed to lower fares by adjusting taximeters, revealing a setup that does not allow price decreases.
Madeira Housing Values Rise 18.1% in One Year
In 2025, bank valuations for housing in Madeira increased 18.1% year-on-year.
