Properties More Expensive in Calheta, Ponta do Sol, Funchal and Ribeira Brava

In Search of Hope – by Sam Gannon

Seconded to the parish of Tililngdon, the Reverend Dolores has been presented with a challenge.

She’s living in an antiquated house and she’s cold. Furthermore, her new Bishop, Bishop Alice does not approve of ‘showgirls in dog collars.’

Determined to prove the Bishop wrong, she sets about warming her house – who cares if it smells of horse! There is the crochet club, jumble sale, and soup run to organise. And this year, the church bells will ring, no matter what threats are made. Even more so, the newly formed choir will spread a little joy this Christmas, even though they can’t sing – yet! And with a little help from Phil, her bassist, this year could be full of magic.

However, she has a fight on her hands as the townies out in Knob Hill – she must stop calling it that, are trying to stop her from ringing her bells. When Krystal with a K decides to do some volunteer work, Dolores sets out to see just how committed she really is.

Up to her ears in granny squares and squawking choristers, Dolores is revving up for Christmas, yet a deeper darker secret is beginning to emerge!

A secret that could blow the whole parish apart and put Dolores in danger.

(available from Amazon)

Real estate company, Imovirtual, today published its report on the evolution of house and rental prices for Madeira. The data shared refers to the comparison of August this year with the same period last year.

With regards to house prices, nationally, buying a house costs about € 32,833 more than in August last year. As far as the average selling price is concerned, August has stabilised.

Compared to the same period of 2022, which recorded an average sale value of € 391,929, there is an increase of +8%, with houses becoming almost thirty-three thousand euros more expensive.

Focusing on Madeira Island, buying a house costs, on average, 556,278 euros, which represents an increase of 20% compared to August 2022 – 464 161 €. Currently, this is one of the most expensive destinations in Portugal to buy a house, although property prices have increased across the board.

Featured municipalities:

The municipality that recorded the largest increase in the average price of houses, compared to August 2022, was Porto Santo (+61%), where values rose from € 230,785 to € 371,966. This was followed by Calheta (+53%, 590 990€ to 901 731€.), Santana (+48%, from 232 551 to 344 806€) and São Vicente (+45%, from 273 758€ to 395 703€).
On the other hand, the ones with the lowest increases were: Santa Cruz (4% – 361 309€), Porto Moniz (5% – 284 041€), Machico (12% – 327 511), and Funchal (13% – 596 516€).
Porto Moniz (284 041 €), Machico (327 511), Santana (344 806 €), and Santa Cruz (361 309) stand out as the cheapest municipalities to buy a house in August. The most expensive were Calheta (901 731€), Ponta do Sol (797 761€), Funchal (596 516€) and Ribeira Brava (454 426€).

As far as Madeira is concerned, renting a house costs, on average, 1,515 euros, an increase of 55% compared to August 2022, where the average rent was 978 euros.

Featured municipalities:

Funchal (+66%) and Santa Cruz (+19%) are the municipalities with the highest increase in average income in August, compared to the same period of the previous year, with the values rising to € 1,759, and € 1,254 respectively.

Samantha Gannon

info at madeira-weekly.com

Mobility in Funchal

Properties More Expensive in Calheta, Ponta do Sol, Funchal and Ribeira Brava

Public Holidays 2024

Orchids in Neves