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?
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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Madeira’s House Prices Grew 141% Above National Average
In the past year, Portugal saw a 4.3% rise in hourse prices, with Madeira experiencing a significant 10.4% surge. Porto Santo was even the region with the highest growth across all of Portugal.
Digital Nomads Struggle with Rental Costs in Madeira
Madeira's growing rental prices have started causing concern among digital nomads. The new cost of housing is forcing some to seek alternative destinations.
Funchal Rentals: More Listings, Less Demand, Same Struggles
A 20% drop in rental inquiries and a 59% rise in online rental listings might seem like good news, but it hasn’t made things easier for tenants. Here’s why!
Funchal Among Least Profitable Cities in Portugal for Real Estate
Funchal is currently one of the least profitable cities for investors looking to buy property for rental income.
Madeira’s Living Costs Close to German Levels
Are rising costs making Madeira less of a dream destination? A recent documentary by German broadcaster ZDF reveals that housing and living expenses on the island now rival those in Germany.
Three News That Tell A Story About Madeira
Three seemingly unrelated news made the headline in Madeira recently. In the big picture, they tell a rather concerning story about the island.
House Prices in Madeira Rise 12.6% in 2024
Funchal has become Portugal's third most expensive city for buyers seeking to buy a house, with prices reaching €3,542 per square meter in December 2024
Madeira Records Over 20% Yearly Increase in Rental Prices
Rental prices in Madeira soared by 20.2% in Q3 2024, reaching €10.66/m². Funchal saw a 25.9% increase, ranking fourth-highest nationwide, acording to DREM.
House Prices in Madeira Climb 13.6% Over the Past Year
Madeira's housing market surged 13.6% annually by November 2023, driven by Santa Cruz's 21.4% growth. Funchal remains the priciest, echoing Portugal's national trends.
Foreign Buyers Make Up 42.5% of Madeira’s Real Estate Demand
The figure comes from search data on Idealista.pt and should be interpreted with caution. Local buyers, who are often better informed and rely on alternative sources, may not use Idealista.pt as frequently for real estate searches.
