Last updated on April 18, 2024 | Est. Reading Time: 2 minutes
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Discover the lush, subtropical paradise of Madeira, a stunning Portuguese island that beckons with its breathtaking landscapes, mild climate, and tranquil lifestyle. Nestled in the Atlantic Ocean, Madeira offers a diverse range of properties to call home, from traditional quintas set amidst the island’s verdant hills to modern apartments in the capital city of Funchal. With its spectacular gardens, picturesque villages, and endless opportunities for outdoor adventures, Madeira is the perfect destination for those seeking a truly unique and enchanting place to find their dream property.
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Color Wheel Information
Color Meaning for Price and Price m²
The BuyProperty Color wheel compares prices from other properties in the same location with the same characteristics and represents prices using our color coding mechanism.
Property is 20% less than average price
Property is 20% above or below average
Property is 20% more than average price
Color Meaning for Rental Rate Yields
We compare properties in the same area with the same characteristics with properties on popular rental websites then combine average rate for the entire year. We multiply the average rental rate by the occupancy to find the estimated yield for each property.
Yield for this property is over 5%
Yield for this property is 3-5%
Yield for this property is below 3%
Holiday rental rates shows average throughout the year. Rate will be more during the summer and less during winter in general. Estimates are based on properties being refurbished as some properties in disrepair will not be able to get rates listed.
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This opportunity is ideal for those seeking to save or generate income while purchasing property in Portugal, whether it's for personal use or on behalf of others.
How do we calculate the distress level of each property?
A distressed property typically belongs to a bank or is set for a government auction. Buyproperty extends this definition by providing a distress and stress percentage for each property across Portugal. Properties in bank ownership or scheduled for government auction receive a distress rating of 100%. Moreover, Buyproperty evaluates the stress level of all other properties using 27 unique data points. These points consider factors such as the length of time the property has been on the market, the frequency of price reductions, the property type, and whether the local area is facing price declines, among others.
Madeira offers a wide range of properties for sale, from modern apartments in the vibrant capital city of Funchal to charming traditional houses in picturesque villages like Santana and Ponta do Sol. Funchal, with its historic centre, beautiful gardens, and thriving culinary scene, is an attractive option for those who desire a perfect balance of urban amenities and natural surroundings. The city’s São Martinho district is particularly popular among property buyers, thanks to its proximity to the ocean and excellent facilities.
For those seeking a more tranquil and nature-oriented lifestyle, Madeira’s smaller towns and villages offer a variety of stunning properties. Calheta, known for its beautiful sandy beaches and excellent wine production, is a popular choice for those looking to buy a vacation home or retire in a peaceful setting. Ribeira Brava, with its picturesque town center and easy access to the island’s interior, is another attractive option for property buyers. Ponta do Sol, often referred to as the sunniest spot on the island, boasts a lovely promenade and a variety of properties with breathtaking ocean views.
Whether you’re looking for a modern apartment, a traditional Madeiran house, or a luxury villa, Madeira’s diverse range of locations and properties caters to every taste and budget.