Our best articles about Madeira and Portugal
The evergreen island is famous for its wonderful subtropical climate - the air temperature in summer is about 25 degrees, in winter - not lower than 16, the water warms up thanks to the warm current, the high season lasts from April to October. Buying a property in Madeira is very attractive.
Madeira has a free trade zone, offshore companies enjoy the benefits of preferential taxation, companies registered here freely enter the EU market. Real estate in Madeira is most often bought by citizens of Great Britain and Germany. The greatest demand on Madeira Island is property in the city of Funchal, its suburb Garajau and the city of Calheta on the south coast are in greatest demand among buyers.
Property on Madeira island costs an average of 1 thousand euros / m2, the most expensive housing in Madeira is in the capital and costs up to 2 thousand euros / m2. A house of 500 m2; in Funchal can be bought for 900 thousand euros. The cost of apartments with an area of 150 m2 is 200-250 thousand euros.