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…
Posts published in “Property”
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. …
The prices of houses for rent in the Autonomous Region of Madeira rose by 4.4% in September compared to the same month of the previous year. According to the idealista price index, renting a house in the region had a cost of 13.8 euros per square metre (euros/m2) at the…
Elected PS/Madeira MEP SĂ©rgio Gonçalves recently met with representatives of Airbnb to articulate issues related to the tourism and local accommodation sector, with talks directly relating to the regulation of short-term rentals. This regulation, approved in the previous mandate, aims to strengthen the transparency of short-term rentals by introducing harmonised…
The Funchal City Council has rejected 187 requests for the use of properties as Local Accommodation this year. Local newspaper JM reported that JoĂŁo Rodrigues, councilor for Urbanism, confirmed that the municipality cancelled three existing licenses between January and August. Samantha Gannon info at madeira-weekly.com
Banks that adhere to the public guarantee on housing loans to young people will have a limit on the guaranteed amount they can lend, and may later request a reinforcement, according to the latest version of the ordinance to which Lusa had access. According to the latest version of the…
Landlords can increase the value of rents by up to 2.16% in 2025, according to August inflation figures confirmed today by the National Statistics Institute (INE). According to INE data, which confirms the values advanced in the flash estimate released on the 30th of August. In the last 12 months…
The Public Security Police (PSP) and two teams from the Volunteer Firefighters of Câmara de Lobos (BVCL) were activated on Sunday to search for a man who was reported missing in the FajĂŁ das Galinhas area. According to media outlet, JM, he was one of the few individuals who insisted…