Written by Roseanne Bradley,
Last Modified: 1st December 2022

Madeira is an island off the coast of north Africa, a little closer to the UK than the Canary Islands but with the same warm-but-rarely-too-hot climate. It’s very Portuguese, but Funchal is a truly international city too, with a large number of international residents and a thriving cultural scene. Travel just a couple of miles inland, however, and the landscape is simply dazzling!

On my last visit to Madeira, in my guesthouse high in the hills overlooking Funchal, i sat under a palm tree in which perched a baby kestrel, peering down at me. I had a pair of binoculars, and with them I could see dolphins playing in the bow wave of tourist boats heading out from the harbour. All was calm, warm and beautiful. I could easily see myself making a home in Madeira.

Madeira is warm all year round, but rarely too hot. Temperatures in Madeira rarely drop below 20°C but rarely go above 30°C either.

There are four islands, but most people stick with Madeira itself. Each island has a mountainous interior which, along with the warm ocean currents, make for diverse microclimates. Saying that, as it’s almost the most western part of Europe, Madeira profits from a cool wind that makes hot summers more manageable.

Follow our tips to find out how to pay for your house in Portugal.

Camara de Lobos, Madeira

Find homes in Madeira via our property portal.

What should I know about Madeira as a prospective property buyer?

Madeira is renowned for its relaxed approach to life. You will benefit from the beautiful island setting, low crime rates, friendly locals and slower pace of life.

If you’re looking to get back to nature or like the idea of strolling through cobbled streets, stopping at bistros and beaches, Madeira is for you.

This region of Portugal has a healthy community of expats and it’s easy to find them. All it takes is a quick search on Facebook to find a network of expat groups in Madeira, designed to encourage community. It’s become something of a magnet for digital nomads working in the tech world too.

When it comes to transport, there’s an efficient bus network in Madeira. Indeed the infrastructure is superb, starting with the airport on stilts over the ocean, and then with roads looping up and up through the mountain passes.

The capital city of Funchal, however, is perfectly sized to explore on foot. Sites include the famous Reid’s Palace Hotel, which counted Winston Churchill as a guest, to the somewhat earthier old town, now full of trendy bars. The market place is a thing of beauty.

Three-bedroom house for sale in Ribeira Brava, Ilha da Madeira

Holiday home potential

When you’re looking for somewhere to invest in a property home, it’s important to consider how long it takes to get there. If it’s a far-flung destination, then you have to consider the time difference, when jetlag comes into play.

Luckily, that’s not a concern here as Madeira is easily access from Britain and welcomes a flurry of flights weekly. Plus, it’s in the same time zone – hurrah!

Hiking Rabacal Forest Madeira Island Portugal Stock Photo 1930042085 | Shutterstock

Activities

There are a wide variety of notable trails in Madeira, some suited to amateurs and others strictly for daredevils due to the island’s mountainous setting.

Hikers in Madeira praise the island’s location for its steady incline and high altitudes, which provide a clear view of the four coasts.

Those of an active disposition will be drawn to Pico do Areeiro. It’s the island group’s third-highest mountain, measuring a staggering 5,595ft. The excursion typically takes about five hours and there are regular guided tours which include a visit to the kingpin.

Madeira, Portugal. 26 November 2019. Traditional Santana houses in Madeira Island, Portugal IImage: studio f22 ricardo rocha via Shutterstock

Madeira property market

House prices in Madeira are typically quite affordable. If you’re willing to renovate a property, whether to reside in yourself or to rent out as an investment, you can buy somewhere for as little as €70,000 which may need upwards of €50,000 works done. This is considerably less than on mainland Portugal.

Analysis shows that real estate in Madeira has grown tremendously in recent years, growing yearly by 10-20%/

If you’re looking at homes readily renovated, a 3-bedroom house can cost as little as €130,000, however there are more luxurious properties available that market for up to €700,000, usually for more bedrooms with more amenities.

Download your free Portugal Buying Guide

The Portugal Buying Guide is designed to support you through each stage of buying property in Portugal, providing relevant, up-to-date information and tips from Portugal property experts and expats who have been through the process themselves. It helps you to:


  Impact of Brexit
  Find your property
  Ask the right questions
  Avoid losing money
  Avoid the legal pitfalls
  Move in successfully

Download your free guide to buying abroad

  • We handle your data with care and only ever as outlined in our Privacy Policy.

  • This field is for validation purposes and should be left unchanged.

Pin It on Pinterest

Share This