The Autonomous Region of Madeira has a new real estate agency – ONE MN Realty. The estate agent will officially open on the 9th of May. ONE MN Realty is a new real estate agency, under the leadership of broker Marco NĂłbrega, who has more than 20 years of experience…
Posts published in “Property”
Like Santa Catarina Park, which is no longer open 24 hours a day, Cristina Pedra, Mayor of Funchal, admits that the same measure may occur in other parks/gardens in the city. Namely, the Municipal Garden, due to vandalism. “Until 20 years ago, Santa Catarina Park was a permanently open space…
The New Right’s candidacy for the early elections in Madeira defends the use of modular construction as a way to quickly construct low-cost housing in the region. In a statement, Paulo Azevedo stated: “Our proposal is based on modular construction. Within six months, people will have an apartment that is…
The BE candidacy was today in Porto Santo, where they lamented that the President of Madeira had stopped all work on the new health unit. According to Roberto Almada, Miguel Albuquerque “ordered that work on the unit stop as a form of revenge for his fall from grace.” “The truth…
The Portuguese Institute of Atmosphere and Sea (IPMA), has issued orange warnings for sea agitation and a yellow alert for rain and strong winds that are expected to affect the region on Friday and Saturday. According to the IPMA, the North Coast and Porto Santo are under orange warning between…
There is a possibility that work on the new hospital will stop in the summer. Acting Regional Secretary for Equipment and Infrastructure, Pedro Fino attributes the fact to political instability, which, according to him, has postponed the launch of the third phase tender. Samantha Gannon info at madeira-weekly.com
The Left Bloc (BE), on a visit to a housing cooperative at controlled costs, once again pointed the finger at housing policies in Madeira, considering that it makes perfect military sense to prohibit non-resident foreigners from buying houses in the Region. “We know that the objective of this housing is…
They lost everything in the tragic flood of February 20, 2010. Since then, what was supposed to be temporary accommodation in the Bairro do Estabelecimento Prisional do Funchal, has become permanent. Although they are not being charged rent, families housed there deplore the lack of solutions from public entities, with…
A fire broke out on the terrace of the Hotel Castanheiro this morning at 00:36. Luckily a local resident spotted the fire, allegedly caused by a short circuit, and notified the emergency services. A hotel employee managed to control the fire using a fire extinguisher while waiting for Madeiran Volunteer…
“The Madeira Liberal Initiative is against investing millions of euros that the Regional Government insists on making, through Sociedade Ponta Oeste, in a golf course in Ponta do Pargo, when government focus should be on investing in health, education or essential infrastructure for Madeirans.” Gonçalo Camelo, coordinator of IL Madeira,…
The ADN considers that the application of the Land Law in the Region would facilitate the organisation of land use, promoting more efficient and sustainable urban planning, as well as establishing environmental protection zones, preserving ecosystems and natural resources. The party questions the current regional executive about the refusal to…
The Funchal City Council has already approved the rules for construction in Praia Formosa. Councilman JoĂŁo Rodrigues revealed that seven new buildings with nine floors and basements will be licensed, in addition to a large public garden. Samantha Gannon info at madeira-weekly.com
The number of people looking for a property to rent through the Idealista website fell by 20% in December 2024, compared to the same month in 2023 (23 to 18). This current situation reverses the trend of the previous, more recent quarters, which remained at 23 contacts for each property…
The gross profitability of buying a house in Portugal to put it on the rental market was 6.9% in the last quarter of 2024, some 0.4 percentage points (p.p.) lower than those calculated for the same period in 2023 (7.3%), according to Idealista data. Currently, profitability in housing is 1.4…
According to data released today by the National Statistics Institute (INE), in November 2024, the median value of bank appraisals on housing in Madeira stood at 2,040 euros per square metre, registering an increase of 1.5% compared to the previous month (i.e., 30 euros more) and an increase of 19.2%…