Real Estate in Madeira Islands
Let's take a look at the Madeiran real estate market...
Madeira Islands, just a short flight away from the European mainland, invites you to leave your hectic days behind and experience nature and its high quality of life that’s sure to delight you. Take in stunning mountain vistas, captivating ocean views, pristine beaches and an unbeatable Mediterranean climate when you purchase your dream home here in Madeira – the pearl of the Atlantic.
The real estate market in Funchal
Real estate prices on Madeira Island have been rising rapidly over the last couple of years, reaching a four-year high and surpassing double-digit growth in the first quarter of 2022.
Madeira boasts an unparalleled combination of natural beauty and cultural richness, boasting breathtaking coastline, world-class restaurants, and five-star hotels. Additionally, its stable climate makes it a prime investment location for property investors.
Funchal is especially renowned for its luxurious properties and popular tourism hub. Despite the higher price tags compared to the rest of the island, you can still find a property for sale here that meets both your needs and budget.
When looking to purchase property in Madeira, it’s essential that you partner with an experienced local real estate agent who can guide you through the buying and selling process. Our team at ATT Signature is dedicated to helping you find your perfect property no matter your budget!
The Golden Visa program
The Golden Visa program in Madeira Islands is a popular choice among families, investors and digital nomads seeking safety and stability. This program grants investors residency and citizenship in Portugal while enjoying some of Europe’s finest climate and quality lifestyle.
As part of the Portugal Golden Visa program, foreign nationals can invest in real estate worth a minimum of EUR350,000 (acquisition) or EUR350,000 (rehabilitation). They also have options to invest in commercial property and investment funds.
Madeira boasts a robust real estate market, with prices on average around 2,181EUR/m2 in Funchal and 2,001EUR/m2 in Calheta. This is due to an increasing demand from European buyers, and more recently from North Americans, seeking quality properties in beautiful locations that will increase in value over time.
The real estate market in Ponta do Sol
The real estate market in Ponta do Sol is experiencing unprecedented growth, with new properties appearing almost daily. This beautiful region is renowned for its warm climate and stunning mountain views.
The southwest region has become one of the hottest investment areas! You’ll find properties with various amenities, like swimming pools, patios, beautiful garden areas, and much more.
However, there remains the potential risk that Madeira’s property bubble may burst. That is why it is essential to watch out for signs of overinflated prices.
Another essential factor to take into account when purchasing your new home is its location. You should factor in infrastructure and the accessibility to local hospitals, schools and other amenities when making your purchasing decision.
Madeira’s Golden Visa program also provides tax benefits, such as the Non-Habitual Tax (NHR) regime which permits residents to pay lower income taxes over a certain period. Contact us if you’re looking for more information on this investment program.
The real estate market in Calheta
Madeira Islands real estate is a sought-after choice for home buyers and investors. Boasting an endless spring, stunning ocean views and charming residences flooded with natural light, the island provides the ideal lifestyle to suit everyone.
Calheta is a charming town situated in southern Madeira, only a few miles away from Funchal. It boasts an attractive marina and stunning golden sandy beaches.
This area is ideal for water sports such as scuba diving, whale and dolphin-watching, kayaking and fishing. It’s also a great place to visit if you want to experience the countryside.
Calheta’s property market is highly competitive, and prices have seen a substantial rise in recent years. Unfortunately, supply still cannot keep up with demand. If your real estate investment preference is in Calheta, get in touch with us and we will help you make informed decisions regarding your property investment in Calheta.
The Madeira Islands are a true paradise, located in the middle of the Atlantic Ocean, offering a stunning combination of natural beauty, fascinating culture, and exciting activities. If you’re planning to visit Madeira and wondering what to see and do, here are some top attractions that you definitely shouldn’t miss.
- Funchal – The Capital City
Funchal is the vibrant capital city of Madeira and is a must-see destination for anyone visiting the island. Take a stroll through the picturesque streets and admire the beautiful colonial architecture, enjoy the stunning views from the top of the hill, and taste the delicious local cuisine in one of the many restaurants and cafes.
- Pico do Arieiro – The Highest Peak
If you’re a nature lover and hiking enthusiast, Pico do Arieiro is a must-visit destination. Standing at an impressive height of 1,818 meters, it’s the third highest peak in Madeira and offers breathtaking panoramic views of the island. Take a hike to the summit and experience the thrill of being at the top of Madeira.
- Levada Walks – Exploring Nature
Madeira is known for its beautiful levadas, which are water channels that run through the mountains, and levada walks are an excellent way to explore the island’s natural beauty. Choose from one of the many levada walks, ranging from easy to challenging, and enjoy the lush greenery, stunning waterfalls, and incredible views.
- Monte Palace Tropical Garden – Floral Paradise
The Monte Palace Tropical Garden is a real paradise for nature lovers, with an extensive collection of exotic plants, water features, and sculptures from around the world. Explore the garden’s many trails and discover its hidden treasures, including the stunning Japanese Garden and the impressive Madeira Mineral Exhibition.
- Porto Santo Island – Relaxation and Beaches
If you’re looking for a relaxing beach getaway, head to Porto Santo Island, located just a short ferry ride from Madeira. With its golden sand beaches, crystal clear waters, and tranquil atmosphere, it’s the perfect place to unwind and soak up the sun.
- Cabo Girão – Scenic Cliff Views
Cabo Girão is one of the highest sea cliffs in the world, rising up to 580 meters above the Atlantic Ocean. Take the cable car down to the cliff and enjoy the stunning panoramic views of the coastline and the crystal blue waters below.
- Mercado dos Lavradores – Vibrant Market
Mercado dos Lavradores is a vibrant and colorful market in the heart of Funchal, where you can find an array of fresh local produce, flowers, and traditional handicrafts. Experience the lively atmosphere and sample some of the delicious fruits, vegetables, and seafood on offer.
- Madeira Wine Tasting – Unique Flavor
Madeira is famous for its fortified wine, which has a unique flavor and is a popular souvenir to bring back home. Visit one of the many wineries on the island and take a tour to learn about the production process and enjoy a tasting of the different varieties.
- São Vicente Caves – Geological Wonder
The São Vicente Caves are a fascinating natural wonder, formed over 890,000 years ago by volcanic activity. Explore the underground chambers and tunnels, and learn about the geology and history of the island.
- Whale and Dolphin Watching – Marine Life
The waters around Madeira are home to a wide variety of marine life, including whales, dolphins, and sea turtles. Take a boat tour and experience the thrill of spotting these magnificent creatures in their natural habitat.
These are just a few more examples of the many exciting and fascinating attractions to visit in Madeira. No matter what your interests are, Madeira has something to offer, making it a truly unforgettable destination.
Living in Madeira
The way of life on the island
Living in Madeira is an amazing experience that offers a way of life that is both relaxing and vibrant. The warm and welcoming atmosphere, combined with the friendliness and hospitality of the local people, will make you feel right at home in no time.
The pace of life in Madeira is slower and more laid-back than in many other parts of the world, giving you the opportunity to enjoy the simple pleasures of life. The sunny climate encourages outdoor living, and the beautiful scenery and fresh air will help you feel invigorated and rejuvenated.
Food culture is an essential aspect of life in Madeira, with a rich culinary tradition that focuses on fresh, locally-sourced ingredients. You’ll enjoy a variety of delicious dishes, including mouth-watering seafood, juicy skewered meats, and traditional bread served with garlic butter. You’ll never run out of new and exciting flavors to explore!
Madeira is also known for its vibrant festivals and events, which are a great way to immerse yourself in the local culture. From the famous Carnival in Funchal, which features colorful parades and lively street parties, to the beautiful Flower Festival, which fills the streets of Funchal with colorful floral displays, you’ll always find something to celebrate and enjoy.
Despite the relaxed lifestyle, there are plenty of opportunities for outdoor adventure and exploration in Madeira. The islands boast a network of hiking trails that wind through the stunning mountains and forests, as well as opportunities for water sports, such as surfing, stand-up paddleboarding, and kayaking.
In terms of practicalities, Madeira offers an excellent quality of life with a relatively low cost of living compared to other European destinations. The healthcare system is top-notch, and the islands have modern infrastructure with reliable public transport and good internet connectivity.
Overall, living in Madeira offers a unique and fantastic way of life that combines relaxation, adventure, and cultural exploration. You’ll fall in love with the warmth and beauty of this island paradise, and you’ll never want to leave!
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