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.
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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133 Posts
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.
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.
Major Cruise Operators Plan More Frequent Stops in Madeira
With 750,000 cruise passengers expected in Madeira this year, major cruise lines plan to maintain or further increase the frequency of their visits in the coming years.
Madeira Ranks First for International Real Estate Searches
Madeira has the highest share of property searches from abroad in Portugal. At the same time, foreign property purchases in Portugal have dropped to their lowest level since 2021.
Funchal Expects More Than 750,000 Cruise Passengers in 2025
The Port of Funchal forecasts a record-breaking 2025, with over 330 cruise calls and 750,000 passengers expected, following an “exceptional” 2024 that already marked strong growth in cruise tourism.
1985: The Year Portugal Got Its First ATM
In September 1985, Portugal introduced its first ATM, starting a new era in banking. Twenty years later, the country was seen as one of the most advanced in Europe, with machines offering many services beyond simply taking out cash.
Portugal Ranks 4th in EU Holiday Poverty Among Workers
Holiday poverty is on the rise in Europe, as for the third consecutive years, less employed people are able to afford a 1-week-holiday. Portugal ranks 4th in the EU.
Madeira TVDE Law Declared Unconstitutional
The Representative of the Republic for Madeira blocked a regional law on ride-hailing services, stating the government exceeded its powers by trying to stop issuing new operator and driver licenses.
