With both rent and restaurant prices being around 25% cheaper than in Lisbon, Funchal allows you to live your island dream without paying the more expensive prices of mainland Portugal.
Madeira's west coast is considered the sunniest part of the island. It's an area widely sought after by those who love the sea and nature, but also Madeira's century-old traditions.
This is also the place where most expats and digital nomads live so people are more likely to speak English. With over 100,000 people living in Funchal, it is the main center of Madeira. The capital is known for its lively nightlife, incredible restaurants, and for having loads of cultural activities to enjoy.
Usually the south side of the island always presents itself with warmer temperature. When going to the north side, the temperature decreases, and in the center of the island, where the regions are higher, temperatures tend to be lower and there is some precipitation... some people call it the 4 seasons island.
Average monthly temperaturesFor the highest temperatures the best time to visit Madeira is between August and September although the sub tropical climate offers sunshine throughout the year and winter months are equally popular with visitors.
Madeira is a pretty small island, and so luckily you don't need very long to see all of the incredible things that this destination has to offer. If you're looking to experience the must-dos then a short four-day break would be fine. However, a week is the perfect amount of time to really make the most of the island.
Overall, the roads are really good. The only challenging part about driving in Madeira is when you go to some of the hikes. The incline on some of the smaller roads can be pretty crazy and something you may not be used to. It's a volcanic island so steep inclines are to be expected!
For those searching for somewhere to stay in Funchal with easy access to the city's attractions, the Old Town – also known as Zona Velha – is your best option. This historic district is made up of ancient streets and traditional Madeiran buildings, many of which date back to the 15th century.
The average standard of living tends to be a bit lower than in mainland Portugal, and the local autonomous government gives generous subsidies coming from the tourist industry revenues and from the Portuguese national budget. Go where the locals go and everything will be cheap.
Throughout the 17th and 18th centuries, Madeira's economy boosted with the emergence of its world-famous wine. In fact, Madeira's fortified wine has not only accompanied many great meals, but also some of the world's most historically significant moments.
Madeira is a super easy island to get around – with or without a car! There are buses that can take you almost everywhere and anywhere on the island. There are also lots of awesome tours to all the Levada hikes that pick you up and drop you off at your accommodation (especially if you're staying in Funchal).
Non-EU citizens may need to apply for a residency permit to retire in Madeira. Options such as the D7 Visa (for passive income holders and retirees) or the Golden Visa (for investment) are available.
The official language spoken in the Madeira archipelago is Portuguese, but a majority of the local population is proficient in English, especially in the more tourist-heavy spots.
Legal and Financial Considerations: As a foreigner purchasing real estate in Madeira Island, you'll need to follow the legal and financial requirements of Portugal. This may include obtaining a fiscal number (NIF), opening a bank account, and hiring a lawyer to handle the legal aspects of the transaction.
Although Madeira is a Portuguese archipelago, it is actually closer to Africa than Europe. Sitting 434 miles west of Morocco and 528 miles southwest of Portugal and mainland Europe.