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Foreigners = 42.5% of House Purchases

The demand, by foreign citizens in purchasing a property in Madeira represents a share of 42.5% of the overall housing market.

According to data released today on the Idealista portal, in Porto Santo about three out of 10 people looking for a house are from overseas.

Figures show that property interest is mainly from Germany and the United Kingdom.

At the national level, the Region occupies 8th place on the list of territories that attract overseas investment.  At the top of the table is the island of Santa Maria, in the Azores, with 58.8%.

Samantha Gannon

info at madeira-weekly.com

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