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…
Posts published in “Property”
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 Views: 1
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…