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.
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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Housing Crisis: Portugal Approves “Shock Policy”
The government announced a “shock policy” on housing, cutting VAT to 6% for construction, reducing income tax for moderate rentals, and increasing IMT for non-resident buyers. But will it be enough to tackle the housing crisis?
Câmara de Lobos in Urgent Need for Housing Developments
Câmara de Lobos moves to bridge its housing gap by speeding up approvals, providing tax incentives, and opening municipal land for new construction projects
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.
Family Housing Licenses in Madeira Rise Nearly 68%
Madeira recorded a sharp rise in family housing this year, with both licensed and completed units increasing
EU Advances Affordable Housing Plan for Member States
The European Commission will present its first plan for affordable housing this year, moving up the original 2026 schedule, as Portugal and other countries continue to face rising rents and housing shortages.
Funchal Room Rental Prices Now Second Highest in Portugal
Funchal has become Portugal’s second most expensive city for room rentals, reaching an average of €440/month, surpassing Porto, while Lisbon remains the costliest with €550.
Funchal Calls for an Emergency Housing Plan
Madeira’s housing crisis is leading to calls for an emergency plan, funded by the tourism tax and raising around €14 million a year, with 15% of all housing set to become public housing.
Funchal House Prices Closing in on Porto
Funchal’s house prices are rising faster than Porto’s, now nearly €3,755/m². Could Madeira’s capital soon overtake Portugal’s second-largest city in the housing market?
Cortel AL Licenses Revoked: Funchal Wants €61,000 Back
Funchal City Council has revoked CORTEL’s three short-term rental licenses and will seek to reclaim approximately €61,000 in public housing subsidies.
Housing Prices in Madeira Rise 15.9%, Reaching Record Levels
Housing prices in Madeira continue to rise, with the average cost per square meter increasing by €306 - a year-on-year increase of nearly 16%.
