“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,…
Posts published in “Property”
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 Views: 0
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%…
The trial of the 46-year-old man who is accused of having started the fire that consumed several hectares of pasture and houses in Calheta and Porto Moniz, in October last year, began on Thursday at the Central Criminal Court of Funchal. Even though the defendant was silent, the court heard…
In 2023, the foreign population residing in the Region reached 14,060 people, a growth of 141% compared to 2013, when 5,829 non-national citizens were recorded as living on the island. The Diaspora in the World Association understands that the increase reflects the Government’s support for immigrants, who see Madeira as…
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…
The CDU was in Santo da Serra today to “give voice to the stallholders and customers” of the Agricultural Market who, according to a statement from the party, demand the Municipality of Santo Cruz to take accountability of the degenerative state of the market and infrastructure. Ricardo Lume, leader of…
Paulo CafĂ´fo assured today, that housing is the main priority for the PS-Madeira, and defended that the millions of euros, referring to the illegal support that was granted to companies in the Free Trade Zone, which the Tax Authority has been recovering, be channelled into the construction and rehabilitation of…
Israeli developer Yard Properties is preparing to invest seven million euros in Funchal through the creation of a second property project. According to Jornal EconĂłmico, ‘Ferreiros Residences’ is Yard Properties’ latest bet, with 14 one and two-bedroom apartments, construction areas between 70.90m² and 85.90 m² for T1 and 118.30m² and…
A house on Rua da Infância collapsed this morning, leaving the 11 Nepalese living in the house homeless. They have since been rehoused. Bruno Pereira, Vice-President of the Funchal City Council, told JM that four other neighbours are currently waiting for engineers to inspect their homes as a precautionary measure. …
The ‘Imovirtual’ portal states that in Madeira, house buyers are looking for properties costing, on average, around 245 thousand euros, while properties are being advertised, for approximately 385 thousand euros. In Porto Santo, people are looking for properties costing around 240 thousand euros while most properties being offered at the…
The investigation into the political management of the August fires continues tomorrow, in the Assembly of the Republic, with the hearing of the Minister of Internal Administration. The hearing of Margarida Blasco will take place at 09:00, within the scope of the Committee on Constitutional Affairs, Rights, Freedoms and Guarantees. …