Madeira is the biggest island of a Portuguese archipelago, comprising also Porto Santo and Ilhas Desertas, situated in the north Atlantic Ocean, southwest of Portugal, about 560 km off the African coast and about 400 km north of the Canary Islands. Its total population was recently estimated to be about 270,000. The capital of Madeira is Funchal which is located on the island’s south coast. Also to the archipelago belong the Ilhas Selvagens, a nature reserve, located mid-way between Madeira and the Canary Islands.
Because of its privileged geographical position and mountainous relief, Madeira Island has a surprisingly mild climate, with average temperatures of 22ºC in the summer and 16ºC in the winter, and a moderate level of humidity, all of it contributing to this island’s exceptional subtropical features. The seawater temperature is also very mild, because of the influence of the warm Gulf Stream, presenting averages of 22ºC in the summer and 18ºC in the winter.
The island of Madeira can be reached by air or sea, but most tourists come by plane to Madeira’s spectacular airport, which has in recent years been named Madeira International Airport Cristiano Ronaldo after Madeira’s most popular and globally known son. They are mainly holidaymakers from the UK, France, Germany, Scandinavia and other Northern European countries, but the summer months also see a great influx from the countries of southern Europe, where people come to escape the searing heat and tourist season in their home countries.
Madeira is also a very popular port of call for large cruise ships from all over the world, which bring many thousands of travellers every year for a one or two day visit to the island on their way to the Canary Islands or Caribbeans or on the way back to their departure ports.
With its all year-round summer climate, welcoming populace, stunning scenery and diverse and delicious food, Madeira is a holidaymakers’ delight for all types of tourists from young families to retired couples, coming to enjoy walking along the many levadas (water channels) and diverse land and sea excursions, or simply to get away from everything and indulge in stunning scenery and recharge their batteries.
In the last years Madeira has also built up its reputation as an ideal location for adrenaline sports, like paragliding, canyoning, mountain biking, coasteering, climbing, zip-line, etc., and therefore attracts also more and more young adult groups looking for this type of activities.
Living in Madeira
Couples and families of all ages come to Madeira to fulfil their dream of purchasing their ideal house on this luscious green island, where life moves along at a pace far more suitable to a stress-free and healthier lifestyle. One thing you’ll notice right away is that, due to its mild winters, you won’t have to sleep under a pile of blankets and duvets and it’s ok to leave your umbrella at home most of the time!!
The cost of living in Madeira is considerably lower than in the rest of Europe, but it obviously depends much on your lifestyle. Most goods are cheaper than in other EU countries, including the price of real estate, rent, food, drinks and entertainment. In fact, most foreigners from Western Europe who live in Madeira consider that the cost of living is 50% lower than that of their homeland.
Sometimes you just need a hideaway
A place to escape the everyday
Choosing the right location and making a smart financial decision for your holiday home destination can be a daunting decision. With this in mind, an increasing number of wealthy foreigners consider Madeira to be the perfect retreat that strikes the balance of pleasure and wise investment.
This Portuguese Island offers a subtropical climate, dramatic beauty and a softer vibe than the nearby Canary Islands, which tend to be the favourite destination for foreigners seeking cheap winter sun.
A Wise Investment
Madeira has seen an increase in demand from wealthy buyers, who are primarily attracted to the climate, safety and quality of life but also to the tax benefits. International buyers of property in Madeira are mainly from Germany, France, the UK, Scandinavia, Ireland and other Northern European countries.
In 2009 the Portuguese government introduced tax incentives for part-time residents (the Non-Habitual Resident Scheme, or NHR), and this also applies to Madeira, as does the Portuguese property purchase process and the Golden Visa programme that offers non-EU investors a residency permit giving them and their family access to travel within the Schengen area when they purchase a property of €500,000 or more.
Exclusive Homes Madeira is the portal to a wide range of the finest Madeiran properties. We market many properties that would be considered wise investments for foreigners seeking an escape from the everyday on the beautiful Island of Madeira.