Madeira, the island of eternal spring

Madeira is a Portuguese island that lies 982km southeast of the mainland and almost 500km from the African coast. The easiest way to get there is by plane from Lisbon or Porto, which takes just over an hour and a half.

Climate & location

A white property on a hillside in Madeira

Browse properties in Madeira today

Due to its unique location, Madeira’s islands enjoy a microclimate due to the mountainous interiors and warm ocean currents. The island group has earned the moniker of ‘the islands of eternal spring’ for that exact reason. It’s warm all year round, with average temperatures in the 20°Cs, that rarely soar above 30°C. That makes for hot summers and mild winters – perfect for those seeking a sunny escape, whether as a permanent move or a holiday home destination.

 

Lifestyle

The side of a villa in Madeira, with fantastic views across the homes below

Expect great views from a home in Madeira

The people of Madeira enjoy a relaxed lifestyle and friendly locals, a low crime rate* and a slower pace of life complement the beautiful island setting. If you’re seeking something a little more upbeat, Funchal, Madeira’s capital, is a vibrant city with a mix of international residents and a thriving cultural scene. You won’t have to go far to feel at home in Madeira as there’s a large expat community that’s very welcoming. There are even a number of Facebook groups to encourage expatriate activity on the islands, so you’ll never feel alone.

 

Activity

The view from a coastal apartment that looks over two pools, surrounded by palm trees and the azure blue sea

Apartment blocks in Madeira offer shared amenities

There’s so much to do in Madeira, especially if you’re a nature lover. There are a number of hiking trails across the islands, ranging from daredevil to amateur. This is a popular pastime on the island as the mountainous ground makes for a steady incline, high altitudes and great views, which reward you when you reach the peak. The island group’s third-highest mountain, Pico do Areeiro, soars a staggering 5,595 feet and is a popular tourist excursion. The hike usually takes around five hours and there are regular guided tours for newbies.

 

Madeira property market

white villa with tiled roof and manicured garden

Find your dream home today

Property prices in Madeira are relatively affordable compared to mainland Portugal, with options ranging from renovation projects to luxurious homes. The real estate market has seen significant growth in recent years with a flurry of new hotels and development projects popping up across the island group.

In terms of prices, expect to pay between €2,200-2,700 per square metre in Maderia. There’s no better time to invest than the present, as the island has grown in popularity in recent years, causing real estate prices to increase. Even better, there’s no reason to believe that growth will stop anytime soon.

 

If you are considering an overseas property purchase, whether for lifestyle or investment, opening a no-obligation account with FCA-authorised Smart Currency Exchange will enable you to benefit from their competitive exchange rates and specialist currency knowledge, ultimately saving you money and time. For more information, download Smart Currency Exchange’s free report or visit the Currency Zone.

 

Download the Portugal Buying Guide for help every step of the way

 

Written by PropertyGuides for Rightmove

*: Crime Rate by Country 2024 (worldpopulationreview.com)

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