According to recent data, Funchal, the capital of Madeira, is among the Portuguese cities where the price of houses has increased the most in February.
The average price of houses in Funchal increased by 4.4% compared to the previous month.
This increase in housing prices is due to several factors, such as the growing demand for properties in Funchal, which has been attracting more and more people looking for a better quality of life, the high demand from tourists and the limited supply of properties available in the region.
Funchal's real estate market has been showing signs of growth in recent years, with a steady increase in prices and the number of properties sold. Despite the global pandemic, the demand for properties in Funchal has remained high, and the real estate market in the region has been able to adapt to the new challenges posed by the pandemic.
The city of Funchal offers a unique combination of natural beauty, cultural richness, and modern amenities, making it a highly attractive destination for those looking to buy a property in Portugal. From stunning coastal views to historic landmarks and world-class restaurants, Funchal has a lot to offer.
If you're considering buying a property in Funchal, now is the time to act. With prices on the rise and limited availability of properties, it's essential to act quickly to secure your dream home in this beautiful city. Contact us today to learn more about the real estate opportunities in Funchal and how we can help you find your ideal property.
Portugal Golden Visa
As an added bonus, if you act fast, you can still submit an application for the Portuguese Golden Visa, as the program is scheduled to end soon. This opportunity provides the chance for permanent residency in Portugal, a gateway to Europe and a popular destination for digital nomads and retirees from around the world.
Don't miss out on this exclusive opportunity to invest in a prime location on the award-winning island of Madeira.