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Discover Funchal, the capital of Madeira. Enjoy the mild climate and laid-back lifestyle, with easy access to Madeira’s stunning beaches, world-class golf courses, and breathtaking hiking trails. Whether you’re seeking a permanent residence or a tranquil holiday retreat, Funchal offers the perfect combination of urban convenience and natural beauty, making it an ideal destination to find your dream home in this enchanting corner of Portugal.
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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.
Thinking about living on Madeira? Funchal could be your perfect home base to enjoy the remote allure of Madeira without ever feeling too far from those urban-y comforts we all crave sometimes. You get that charming small city vibe, with cozy cafes, essential coworking spaces, and delicious restaurants galore. But you’re also just a short drive from Madeira’s famed natural wonders – from dramatic seaside cliffs to levada trails wandering through lush forests.
Traditionally a hit with retirees, Madeira is attracting a number of new residents, both from mainland Portugal and further abroad. The idyllic year-round mild weather and that dreamy remote-yet-connected setting are attracting loads of younger digital nomads, enterprising entrepreneurs, and modern families too.
As for properties, Funchal has options for every taste and budget. From bargain fixer-uppers ripe for renovations to luxury penthouses with all the desired amenities, complete with views of the ocean and a swimming pool, Madeira has it all to offer.
Whether you want an affordable rental investment, a peaceful island escape, or to finally put down permanent roots in paradise, Madeira has a wide range of properties for sale. Welcome to your new dream home in Funchal.
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