Housing Crisis: Madeira Sees Highest Rent Increase in Portugal
Madeira's housing crisis shows no signs of easing, with the region facing the steepest rent increase in Portugal.
Madeira's housing crisis shows no signs of easing, with the region facing the steepest rent increase in Portugal.
Zero Hotels for Sale! Madeira’s booming tourism makes it - according to Idealista - the only region in Portugal without any hotels in their real estate market.
Rising demand is driving real estate prices in Madeira to new heights.
With a 30% price explosion in Ponta do Sol over the past 12 months, Madeira claims the dubious title of Portugal's real estate market with the most dramatic price increase.
Funchal's rental market is red hot, with affordable listings not staying online for more than 24 hours.
Considering the time between 2019 and 2024 and according to Global Property Guide, Nowhere else in Europe have property prices risen as much as in Portugal.
Funchal tops Portugal's list for apartments with pool access, and the price difference is surprisingly low.
Portugal's housing market faces slump in sales, but prices remain high due to supply shortage.
Real estate market imbalance in Madeira mirrors national trend, with asking prices far exceeding buyer demand.
79-year-old Eric Clapton purchased a traditional Madeiran quinta in Santa Maria Maior, Funchal, earlier this year.
A recent study highlights that rental prices for houses are increasing further and at a concerning pace.