Why are there so many abandoned houses in Madeira?

There are a lot of derelict properties in Madeira, and one of the reasons for this is the complex inheritance laws. Sometimes it is impossible to trace the owners, especially since Madeira has seen so much emigration over the years, and the owners may be anywhere - Brazil, South Africa, you name it.



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Investing in Madeira has a number of benefits. Firstly, it's a very stable market. Prices have been rising steadily over the past few years, so there's no risk of a sudden crash. Secondly, it's a great place to live.

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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.

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The favorable climate of the island also contributed to the land thrive, and wheat production has become one of the greatest wealth of the island. This cereal was exported on a large scale for the Portuguese possessions on the African coast, giving thus the first cycle of Madeira economic history.

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Madeira Island has numerous reasons why it stands out as an ideal retirement destination. Its year-round temperate climate, captivating natural beauty, and rich cultural heritage make it an irresistible choice for retirees seeking tranquillity and a high quality of life.

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Funchal is usually a very safe city. However, as in any other places you go, common sense is required. Probably the unsafest place to go in Funchal is Zona Velha (near the cable car) at night, because it usually gets very crowded because of the nightlife.

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Madeira is known for its safety and security, making it a peaceful and secure place to live as an expat. The island has a low crime rate, and the local authorities take proactive measures to ensure the safety and well-being of residents and visitors.

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Funchal is the most expensive place to buy property on the islands – given its higher demand and abundance of services.

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As an EU citizen, you can stay in Madeira for up to 90 days without a visa. However, if you plan to retire in Madeira for an extended period, you will need to apply for a registration certificate (CRUE – Certificado do registo de Cidadão da Uniao Europeia) at the City/Town Hall.

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Comparison with London: Consumer prices in Funchal are 39.49% lower than in London (without rent). Rent Prices in Funchal are 63.96% lower than in London.

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This is where, in the most exclusive regions of Portugal. Where do the rich live in Portugal? Where do the rich live in Portugal? Lisbon, Oeiras, Cascais, Sintra, Porto and Vila Nova de Gaia are the municipalities with the highest concentration of population with the highest income in the country.

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