WHY INTERNATIONAL INVESTORS ARE BUYING PROPERTIES IN MADEIRA?

PUBLISHED ON 
20.7.2022

A little less than two hours’ flight from Lisbon, north of the Atlantic Ocean is Madeira Island, awarded as “Best Island Destination in the World” by the World Travel Awards, deposing the equally beautiful islands of Bali and Maldives. The island of Madeira is one of the few in the world that offers the excitement and vibrancy of life on an island and, at the same time, the bustle of a city on a continental territory.

WHY TO INVEST IN MADEIRA?

Statistics show a positive evolution of 13% increase of the price per min March 2022, compared to the same period last year.

These values are supported on the fact that the Autonomous Region of Madeira is the only tourist destination in Portugal with a permanent spring climate. 

Tourism has a strong influence on the economic development of Madeira, representing an opportunity for investment in the Real Estate Sector. The focus on this sector has been notorious in recent years, also counting on government support for the improvement of the infrastructure of Madeira Island.

The statistical analyses show a progressive growth of the real estate market over the last few years in Madeira Island, and in the latter, this growth was around 18%, compared to the same period, with the support of the price increase per in the purchase and lease of real estate.

Funchal, the capital of the island, is the place to be. The city is not only the main tourist center, but also the political, economic and academic center where all higher education institutions, including the University of Madeira, are located. With a population of 105,795 inhabitants (data from 2021), Funchal is the main city of Madeira and has about 42% of the population of the entire archipelago.

Given the population density, the real estate market of Funchal is home mostly to apartments and villas, leaving aside tourist developments whose sector has a strong influence on the economic development of the region.

CHECK PROPERTIES IN MADEIRA

Portugal Golden Visa Program

After 2022 changes in the legislation, it is one of the last places in Portugal, where you can buy residential properties and obtain EU family residency.

The Portugal Golden Visa program, also known as the residence permit for investment activity, is a residency by investment scheme designed for non-EU citizens. It is the fastest program to obtain EU residence permit through investment activity in Europe. 

The most charming feature of Portugal as an investment opportunity rests in its ability to offer citizenship after just 5 years – all without the need to stay in the country. What’s more, is the requirements for a Golden Visa in Portugal are substantially simpler than that of other countries offering permanency via investment.

GET MORE INFORMATION ABOUT MADEIRA WITH OUR SENIOR CONSULTANT:

+351 (0) 912 585 085

info@drpadvisers.com

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DRP Advisers

DRP is the leading pioneer in Portuguese real estate consultancy and Golden Visa Program. Since 2015 our company has grown and have become a one-stop shop solution for this program offering bespoke services, expert knowledge, and custom-tailored services towards client needs. Our company works directly with you to provide expert advice on the investment and acquisition of property within Portugal – suitable for your investment requirements.

We use our extensive connections within the industry to access suitable investment opportunities ahead of the competition. The Lisbon area property market can be highly competitive, so early access is crucial. We find prime properties that are hand-picked from our leading partners, we offer expert advice on the locations most appropriate for your investment requirements, guiding you on how rental yields and capital values vary from area to area.

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